Crypto News Summary: $40M in Crypto Seized, Hong Kong May Allow Direct Crypto Purchases, Bitcoin Group May Buy Local Bank
Source: AdobeStock / ChiccoDodiFC Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news Turkish authorities have seized $40 million in cryptocurrency as part of an investigation into an illegal gambling ring, the Daily Sabah reported. The Office of the Chief Public Prosecutor and the Smuggling and Organized Crime Investigation Bureau said the suspects mediated the funds produced by the illegal gambling operation, which were then transferred to the group's crypto addresses. US-based fintech firm Ripple General Counsel Stuart Alderoty confirmed on Twitter that the company has finally received documents it’s been after for more than a year in their legal battle with the US Securities and Exchange Commission (SEC). “I can say that it was well worth the fight to get them. I’ve always felt good about our legal argu...