๐ธ**META SHAREHOLDERS REJECT PROPOSAL TO ADD BITCOIN TO COMPANY RESERVES**
Meta shareholders decisively rejected a proposal to explore adding Bitcoin to the company's financial reserves.
Only 0.08% of shareholders voted in favor, representing 3.92 million votes, while nearly 5 billion votes opposed the motion.
The proposal was submitted by Bitcoin advocate Ethan Peck, who argued that holding BTC could serve as a hedge against inflation for the company's cash reserves.
One of the main reasons for the rejection may have been concerns over the opportunity cost of holding such a volatile asset instead of investing in research and development.
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๐ธ**SINGAPORE SETS DEADLINE FOR CRYPTO FIRMS SERVING OVERSEAS CLIENTS**
The Monetary Authority of Singapore (MAS) has set a final deadline of June 30, 2025, for cryptocurrency companies.
By that date, entities based in Singapore that provide digital token services to overseas clients must obtain a Digital Token Service Provider (DTSP) license or cease operations.
This regulation falls under the Financial Services and Markets (FSM) Act and does not include a transitional period.
Non-compliant firms may face fines of up to \$200,000 and up to three years in prison.
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๐ธ**UK'S IG GROUP LAUNCHES CRYPTO TRADING FOR RETAIL CLIENTS**
UK-listed financial services company IG Group has launched cryptocurrency trading for retail investors.
The offering includes 31 different digital assets, such as Bitcoin, Ether, and other popular cryptocurrencies and tokens.
The service was launched in partnership with U.S.-based crypto company Uphold.
The move aligns with growing interest in cryptocurrencies in the UK and government efforts to regulate the sector.
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๐ธ**WORLD VISION BECOMES FIRST NON-PROFIT IN SOUTH KOREA TO TRADE CRYPTO**
World Vision Korea, a global humanitarian organization, has become the first non-profit in South Korea to legally conduct a cryptocurrency sale.
The organization sold 0.55 Ether (ETH), worth approximately \$1,436, via the Upbit exchange.
The crypto originated from donations collected in March as part of a youth support campaign.
The transaction was made possible under new rules introduced in May 2025 by the Financial Services Commission (FSC), which regulate crypto activities for non-profits.
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๐ธ**CZECH JUSTICE MINISTER RESIGNS OVER BITCOIN SCANDAL**
Czech Justice Minister Pavel Blaลพek has resigned following a scandal involving a Bitcoin donation.
His ministry received and later sold approximately \$45 million worth of Bitcoin, which had been donated by a person previously convicted of drug trafficking.
The minister denied any wrongdoing but stepped down to protect the government's reputation.
Police are investigating the origin of the donated Bitcoin.
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๐ธ**FRANCE: 25 CHARGED IN KIDNAPPING CASES LINKED TO CRYPTO RANSOMS**
French authorities have charged 25 individuals in connection with a series of kidnappings and attempted kidnappings targeting people involved in the cryptocurrency sector.
Among those charged are six minors, with the suspects aged between 16 and 23.
The investigation includes an attempted kidnapping on May 13 in Paris, targeting the family of the CEO of crypto company Paymium.
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