Chen Zhi, founder and chairman of Prince Group, was arrested in Cambodia and has been repatriated to China for investigation by the relevant authorities. Recently, the US and UK governments have imposed joint sanctions on Chen Zhi and his Prince Group. The US Department of Justice has prosecuted him on suspicion of telecom fraud and money laundering, and seized more than 15 billion US dollars worth of Bitcoin, calling it “one of the largest financial fraud cases in history”.
Satsuki Katayama, Japan’s Minister of Finance and Minister of State for Financial Services, stated at the Tokyo Stock Exchange’s New Year opening ceremony that 2026 will be designated as the “First Year of Digitalization.” India’s tax authorities stated at a meeting of the Parliamentary Standing Committee on Finance that crypto asset transactions pose significant risks in terms of tax regulation.
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