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South Korean Police Forces to Form Dedicated Crypto Teams
9.9.2021
://www.edaily.co.kr/news/newspath.asp?newsid=03857286629178152">Per EDaily and Money Today, the National Police Agency confirmed that it had sent letters to 18 larger local forces, tel
South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a Deterrent for Illicit Actors’
9.9.2021
One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.”...
S Korean MP Tells Gov’t: ‘Don’t Let a Crypto Monopoly Emerge’
8.9.2021
country to have submitted its official application to become a licensed trading platform operator after sealing a deal with the neobank K-Bank. The latter has established a
Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund
8.9.2021
Blockchain VC investment firm Hashed is seeking $173 million for a second fund
El Salvador purchases first 200 BTC, President Bukele confirms
6.9.2021
El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society
Ethereum Fraudster Sentenced to 2.5 Years Behind Bars
6.9.2021
://www.ksilbo.co.kr/news/articleView.html?idxno=912076">and the Kyoungsang Ilbo, a court in the South Eastern port city of Ulsan heard that the fraudster, named by the media as “A” for legal reasons, collected payments of ETH 15 (worth around USD 59,000 today) and over USD 10,000 worth of fiat f
After Warnings from South African Regulators Binance Rejects Accusations It Provides Financial Advice
5.9.2021
Beleaguered crypto exchange, Binance, has released a statement in which it denies accusations that provides financial advice or renders any intermediary services. In a statement released on Twitter less than 24 hours after the Financial Sector Conduct Authority (FSCA)’s warning, the crypto...
BBVA Switzerland Launches ‘New Gen’ Digital Account With Integrated Crypto Wallet
4.9.2021
Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account...
Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...
Singapore, South Africa Latest Countries to Warn Against Crypto Exchange Binance
4.9.2021
The list of regulators warning that Binance is illegally operating in their jurisdictions continues to grow. The authorities in Singapore and South Africa have become the latest to warn that the global cryptocurrency exchange may be in breach of their local laws. South Africa’s Financial...
Binance pushes back against warning from South Africa regulator
3.9.2021
Though the FSCA is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which it had been working to be in compliance with local laws
Kaspersky ranks cryptojackers among top malware threats in Africa
3.9.2021
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
3.9.2021
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make...
South Africa's financial regulator issues warning against Binance
3.9.2021
South African authorities are the latest to warn against using Binance, saying the exchange is not authorized to operate in the country
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
3.9.2021
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges
South African Tax Body Updates Crypto Tax Guidance, Confusion Persists
2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...
Leading South Korean telecom firm adopts blockchain for carbon ambitions
2.9.2021
South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
2.9.2021
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies
Crypto does not qualify as currency, says South Africa's central bank governor
31.8.2021
South Africa’s top banker has said crypto are more akin to assets than actual currencies
Think Tank Tells South Korean Banks: Start Offering Crypto Custody Services
31.8.2021
A research paper from an influential South Korean think-tank has recommended that banks enter the crypto custody and blockchain-as-a-service (BaaS) spaces to end their reliance on interest-based income sources.
Per the news agency Yonhap, Lee Soon-ho, a senior researcher from the Seoul-based Korea...