The post Czech Opposition Pushes No-Confidence Vote Over $45M Bitcoin Deal Scandal appeared first on Coinpedia Fintech News The Czech government is facing strong backlash after it was revealed that nearly $45 million worth of Bitcoin, seized from a convicted criminal, was quietly sold by the Justice Ministry. The sale has now sparked a political storm, leading to the resignation of the justice minister and a call for a no-confidence motion in parliament. $45 Million Bitcoin Scandal The scandal started when the Czech Justice Ministry revealed it had auctioned nearly 500 Bitcoins. These digital assets were seized from Tomas Jirikovsky, an online drug dealer convicted in 2017. He had been in prison from 2017 to 2021 for drug trafficking, fraud, and illegal possession of weapons. While the sale raised approximately 1 billion Czech koruna (about $45 million), the opposition argues that the transaction lacked proper transparency and oversight. Meanwhile, Justice Minister Blazek was criticized for accepting the funds without involving police or prosecutors to verify if the assets were legal, raising concerns about whether the government may have unintentionally legitimized money from criminal sources. Opposition Call For No-Confidence Motion Alena Schillerova, vice chair of the opposition ANO party, called the situation unacceptable. In a recent tweet post , she said there was “no choice” but to file a no-confidence motion, which is now scheduled for Tuesday. ANO is demanding to know who approved the sale, whether the Bitcoin’s origins were legally verified, and if any party improperly benefited. This case highlights the growing need for transparency when governments handle digital assets like Bitcoin. With public trust at stake and elections approaching, how the Czech government responds now could shape its political future. Justice Minister Steps Down As pressure grew, Justice Minister Pavel Blazek resigned on May 30. Although he denied any wrongdoing, he said he was stepping down to protect the government’s image ahead of the October elections. Eva Decroix has stepped in as the new justice minister and has promised an independent probe into the sale. She has also said the ministry will fully cooperate during the investigation. Crypto Scandals Aren’t Just Local This controversy isn’t happening in a vacuum. Around the world, other political leaders are facing similar heat. Argentina’s President Javier Milei faced backlash after a token he promoted collapsed in price, though he was later cleared. In the U.S., Donald Trump is under scrutiny from Democrats over his crypto connections.
Data sourced from CoinGecko on June 13 highlights that Upbit’s 24-hour trading volume surged to an impressive $2.437 billion. Within the South Korean crypto market, the ETH/KRW trading pair dominated,
The post Crypto Regulations in Vietnam 2025 appeared first on Coinpedia Fintech News The crypto landscape in Vietnam has experienced a significant transition from an unregulated to a regulated one. Since 2017, Vietnam has been working on regulating cryptocurrency within a modern framework, and this effort is still ongoing as of 2025. Therefore, cryptocurrency is not banned in Vietnam; however, it is neither legally considered nor protected as an asset. Table of contents Timeline of Major Crypto Regulations in Vietnam 2025 What is the Vietnamese Government’s Stance on Cryptocurrency? Crypto Tax in Vietnam 2025 Crypto License in Vietnam Crypto Adoption Rate in Vietnam Conclusion FAQs Timeline of Major Crypto Regulations in Vietnam 2025 April 17, 2025- MOF’s crypt regulatory sandbox MOF aims to establish a transparent legal environment for crypto through a regulatory sandbox, which will evaluate the anti-money laundering (AML) and Know Your Customer (KYC) protocols. MOF also seeks to pilot a crypto asset trading platform that allows testing of crypto exchanges and controls risks related to it. Bybit, a crypto exchange, has also shown interest in assisting in the development of this framework. March 6th – 9th, 2025- Notification No. 81/TB-VPCP Based on Telegram no. 22/DT-TTg and above Notification number, The MOF proposed a draft solution on the Pilot Implementation of Crypto Assets in Vietnam. The proposal aims to oversee the issuance, trading, and ownership of crypto assets in the country’s crypto market until December 31, 2027. March 1, 2025- Directive No. 05/CT-TTg The Prime Minister directs the Ministry of Finance (MOF) and the State Bank of Vietnam (SBV)to propose a legal framework for managing the healthy and effective development of digital assets. This proposal was to shape the country’s crypto and blockchain further. January 9, 2025- Resolution No. 03/NQ-CP This action plan was introduced to implement Resolution No. 57-NQ/TW , outlining a flexible and innovative policy framework embracing the cryptocurrency framework. It also lays the groundwork for Vietnam’s technological and blockchain framework. February 2024- May 2025- Decision/QD-TTg It was issued by the Prime Minister of Vietnamoutling the AML/CFT compliance in digital assets and proliferation of weapons of mass destruction. The law was expected to be implemented in May; however, it has now been delayed and will take effect by the end of 2025. What is the Vietnamese Government’s Stance on Cryptocurrency? Currently, the Vietnamese government is actively working on creating a legal framework for cryptocurrency and other digital assets. It mainly focuses on: The Ministry of Finance is establishing a comprehensive and secure cryptocurrency regulatory framework by providing transparency and integrating AML and CFT compliance. Vietnam’s State Security Commission is collaborating with Bybit to explore the future steps to create a resilient and secure regulatory framework for cryptocurrency and other digital assets. Crypto Tax in Vietnam 2025 Because cryptocurrencies are classified as investment assets in Vietnam, they are subject to tax. By the end of 2025, the government is planning to introduce a new tax policy to generate significant revenue. The Vietnamese blockchain association says, if the government imposes a 0.1% tax on each transaction, it could bring over $800 million annually without even disrupting the market. Reporting: Earnings must be reported to the General Department of Taxation; individuals annually by March 31 , while businesses file quarterly. Tax type Tax rate Application Capital Gain tax 20% On the conversion of crypto into other fiat currency Income tax (individuals) 5-35% Mining, staking, airdrops Income tax (business) 20% Mining, staking, airdrops VAT 10% Service fees for crypto exchanges Exemption – First VND 10 million in gains per year Penalty Starting at VND 2 million or 2% of the unpaid tax Failure to comply Crypto License in Vietnam Crypto license is not implemented in Vietnam yet. While the European Union has mandated a Crypto Asset Service Provider (CASP) license through MiCA, Vietnam is yet to enact the legislation. Crypto Adoption Rate in Vietnam Penetration: Vietnam ranks 7 in the global crypto adoption rate, with a 20.69% user penetration rate in 2025. It is expected that the number of users will reach 21. 71 million by 2026, demonstrating the penetration rate of 21.25%. Revenue: In 2025, the revenue market is expected to reach US$1.9 billion, depicting the average revenue per user estimated to be US$92.5. The current revenue market is growing at a rate of 25.47% and is anticipated to reach US$2.4 billion by 2026. Crypto holdings: The Vietnamese government’s crypto holdings are not publicly disclosed yet; rather focuses on creating a legal framework for digital assets. Conclusion With a significant amount of the Vietnamese population using Bitcoin, the country has become a crypto hub. Vietnam’s ambition to become a blockchain leader by 2030 has halted due to uncertainty in the regulatory framework. However, in 2025, the government introduced comprehensive regulations, leading to significant development in the field. 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Cryptocurrency is not banned in Vietnam, but it’s not legally recognized or protected as an asset. The government is actively developing a comprehensive legal framework for digital assets. How is cryptocurrency taxed in Vietnam? Cryptocurrencies are considered investment assets and are subject to tax. Capital gains (20%), income from mining/staking (5-35%), and VAT on service fees (10%) apply, with specific reporting requirements. What is the crypto adoption rate in Vietnam? Vietnam has a high crypto adoption rate, ranking 7th globally with 20.69% user penetration in 2025, expected to reach 21.71 million users by 2026. Which government body regulates crypto in Vietnam? The Ministry of Finance (MOF) and the State Bank of Vietnam (SBV) are the primary government bodies tasked with proposing and developing the legal framework for crypto, with support from other ministries.
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The article discusses Bitcoin's growing status as a mainstream macro asset. Novogratz emphasizes institutional interest and Bitcoin's potential to replace gold. Continue Reading: Bitcoin Surges Forward as a Dominant Asset The post Bitcoin Surges Forward as a Dominant Asset appeared first on COINTURK NEWS .
The U.S. Securities and Exchange Commission (SEC) has officially withdrawn key regulatory proposals targeting decentralized finance (DeFi) platforms and crypto custody rules introduced during Gary Gensler’s tenure. This move signals
Cardano (ADA) and Dogecoin (DOGE) are holding strong while Mutuum Finance (MUTM) steals the spotlight in June. Cardano is currently trading around $0.69, buoyed by steady network upgrades and resilient developer activity that support its long-term growth narrative. Similarly, DOGE sits at approximately $0.19, with its iconic community and growing use cases maintaining its standing among the top cryptocurrencies. Both tokens offer established potential, yet the real excitement in what crypto to invest in is shifting to Mutuum Finance (MUTM), a fresh DeFi entry under $0.03 that’s building serious presale traction and promising significant upside before the market’s next leg up. The project has gained more than 11,900 investors who have contributed $10.45 million during the ongoing presale. Investors taking part in the Mutuum Finance Phase 5 presale will see a 100% ROI when it launches at $0.06. MUTM in hopes of catching the next big cryptocurrency before it explodes. Reimagining DeFi Lending with a Powerful Dual-Model System The non-custodial liquidity protocol of Mutuum Finance delivers decentralized lending which grants users absolute control of their assets. Through lending activities users accumulate passive earnings from lenders and borrowers instantly access funds by placing multiple assets above their loan value. The automatic interest rate adjustments of the system optimize capital structure and sustainability for the ecosystem. Mutuum Finance operates a dual-lending framework that delivers exceptional flexibility to users which features Peer-to-Contract (P2C) and Peer-to-Peer (P2P). The Peer-to-Contract (P2C) system enables smart contracts to regulate lending pools that shift interest rates in harmony with market conditions. Lenders can depend on regular income, while borrowers find safe options when they borrow money. The P2P approach takes out middlemen by enabling direct communication between borrowing parties and lending participants. Any asset with volatility needs this complete decentralized model which provides maximum flexibility to users. Phase 5 of Mutuum Finance Presale Now Underway The fifth phase of Mutuum Finance presale has started as the platform attracts increasing investor interest. The DeFi solution provided by Mutuum Finance operates as a scalable long-term solution instead of risky meme coins. Investor confidence remains high since Phase 5 of the presale has surpassed $10.45 million total sales and attracted more than 11,900 token holders. Certified Secure: USD-Pegged Stablecoin Validated by CertiK Mutuum Finance will launch its fully collateralized, USD-pegged stablecoin on the Ethereum blockchain. Built to survive the collapses of algorithmic models, the stablecoin’s robust construction enables long-term stability and price consistency. Early Investors Reap Rewards as Community Expands As the platform gains traction, Mutuum Finance continues to reward its early backers. Ten lucky investors will be selected to share a $100,000 giveaway prize, each receiving $10,000 worth of MUTM tokens as a thank-you for supporting the project early on. Mutuum Finance (MUTM) is quickly emerging as the most compelling contender in the race to $3, outpacing legacy players like Cardano (ADA) at $0.69 and Dogecoin (DOGE) at $0.19. With over 11,900 investors and $10.45 million raised in its ongoing presale, MUTM is capturing serious momentum. Early investors in Phase 5 stand to gain a 100% ROI at launch, when the token debuts at $0.06. Backed by a dual lending system, a USD-pegged stablecoin validated by CertiK, and a rapidly growing community, Mutuum Finance is positioning itself as a future cornerstone of DeFi. Don’t miss your chance to get in early, join the Mutuum Finance presale today and secure your share of the next potential breakout in crypto. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
WBT, the utility token of the crypto exchange WhiteBIT, emerged as the top-performing coin today, defying the broader bearish market trend triggered by Israel’s attack on Iran earlier today. According to data from crypto.news, WhiteBIT Coin ( WBT ) rallied for the third straight day, hitting a new all-time high of $34.3 on June 13 afternoon Asian time. As of press time, its price has settled at $33.67 with a market cap of $4.85 billion, ranking it as the 33rd among the top 100 cryptocurrencies by market cap. WBT retained some of its past day gains as the broader crypto market was reeling from Israel’s launch of a major military attack against Iran early morning on June 13, in response to which Iran has promised to take retaliatory measures of its own. Bitcoin ( BTC ) dropped about 5% to an intraday low of $103,081, while major altcoins like Ethereum ( ETH ), XRP ( XRP ), Solana ( SOL ), and Dogecoin ( DO G E ) saw losses between 6%-10%, with crypto liquidations soaring 125% to $1.2 billion in a day. You might also like: Tencent reopens talks to acquire South Korea’s Nexon, a game developer exploring blockchain Why is WBT rallying? One key factor driving WBT’s gains today is its announcement of a spot listing for the HOME token, which powers the DeFi App platform, while also adding a HOME-PERP pair to its futures section, drawing in more traders and boosting volume. WBT also gained investor interest as the exchange teased an upcoming partnership with an undisclosed European football club. On-chain activity further supports the bullish sentiment. Data shows a 580% spike in daily active addresses, a strong sign that more users are interacting with the WhiteBIT ecosystem. Meanwhile, Santiment reported a notable increase in whale accumulation, indicating that large holders are buying up WBT. This kind of activity often signals confidence in the token’s longer-term potential and can amplify price momentum during bullish phases . Source: Santiment At press time, WBT had shed some of its gains but still managed to retain its position as the highest gainer among the top 100 cryptocurrencies, with bullish momentum continuing to outweigh broader market selling pressure. WBT price analysis On the 1-day USDT chart, WBT looks to have been forming an ascending broadening wedge pattern since early May, typically a sign of increasing volatility within an uptrend. WBT price, MACD and Aroon chart — June 13 | Source: crypto.news The Aroon Up indicator is currently at 92.86%, while Aroon Down is at 28.57%, showing that bullish momentum is still in play. The MACD lines are also pointing upward, adding to the positive sentiment. If this momentum holds, WBT could climb toward the key psychological level of $35. A clear breakout above that would confirm the bullish pattern and may encourage bulls to aim for $38 next, marking a 13% gain from current prices. On the contrary, if market risk sentiment weakens due to escalating macro tensions, the nearest support level to watch would be around $31, where traders previously stepped in to buy the dip. Read more: Behind the scenes at WhiteBIT’s epic live crypto trading showdown Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Pudgy Penguins has partnered with Lufthansa’s Miles & More program, letting users earn airline miles on Pudgy Shop purchases using PENGU or fiat just as PENGU price tests a key confluence zone. Pudgy Penguins ( PENGU ) has announced a partnership with Lufthansa ’s Miles & More, Europe’s largest frequent flyer program, to offer new utility to its The Huddle, the Pudgy Penguins community. The collaboration enables users to earn airline miles through purchases made on the Pudgy Shop using either PENGU or fiat. The earned miles can then be redeemed with over 300 Miles & More partners for flights, travel experiences, and other rewards. Source: @pudgypenguins To begin earning, users need to register for a Miles & More account, create an account on the Pudgy Penguins shop, and link both accounts using the dedicated pop-up on the Pudgy Shop. Once linked, every transaction made through the store contributes to their miles balance. You might also like: Pudgy Penguins partners with NASCAR to reach new audience The announcement comes at a pivotal moment for PENGU price, which is currently trading at a make-or-break level, testing a key confluence zone marked by both the ascending trendline and a horizontal support range around $0.0090–0.0093. This area has previously acted as resistance and now aligns with the rising trendline that has supported the uptrend since early April, making it a technically significant level. Source: TradingView The price recently broke below the 20 EMA and is now sitting just above the trendline, with the 50 SMA also looming above as overhead resistance. The RSI is near 40, while the MACD has confirmed a bearish crossover, with histogram bars widening — both pointing to building downward pressure. However, because the price is at the confluence of two major supports, there’s a reasonable chance for a bounce if buyers step in here. If PENGU price bounces from the current confluence zone, the next major level to watch beyond the 20 EMA and 50 SMA is the recent swing high around $0.013. A breakout above $0.013 would confirm a higher high, signaling a possible continuation of the broader uptrend. If the support breaks, the price could drop to $0.0075 next, which acted as resistance during March consolidation. You might also like: Pudgy Penguins launches music label as PENGU price eyes a breakout