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Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...
24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow
26.8.2021
Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close. But political pressure is mounting on the regulator, with a growing group of MPs pushing...
Kraken Crypto Exchange Seeks EU License, Eyes Expansion in Europe
25.8.2021
U.S.-based cryptocurrency exchange Kraken is preparing to expand operations in the European market, according to the German press. The coin trading platform is in talks with regulators and plans to acquire a license in an EU member state, its founder Jesse Powell revealed. Kraken to Enter European...
Kyrgyzstan reportedly introduces regulations for crypto exchanges
25.8.2021
The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan
Powers On... Broker disintermediation and unregulated crypto exchanges cause major concerns
24.8.2021
As interest in and use of blockchain accelerates this year, so do regulators’ fears, making them pay more attention to crypto exchanges
South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy
21.8.2021
Source: AdobeStock / Chee-Onn Leong
South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Digital Yuan May Prompt CBDC-to-CBDC Exchanges, Hurt USD Status - Chainalysis
20.8.2021
As the Chinese government clamps down on decentralized cryptocurrencies and seeks to launch its own central bank digital currency (CBDC), the digital yuan, industry observers believe the move could pave the way for the launch of CBDC-to-CBDC exchanges. At the same time, the digital yuan and other...
Liquid Exchange Hacked, Working With Other Exchanges on Recovering Funds
19.8.2021
Japanese crypto exchange Liquid has suffered an attack this morning, with the thief taking off with a still unconfirmed amount of bitcoin (BTC) and ethereum (ETH), among other coins. The exchange has started working with its colleagues on freezing and returning the funds.
"We are currently...
Binance Makes Regulatory Compliance Top Priority as the Crypto Exchange Pivots Into Financial Services Company
19.8.2021
Global cryptocurrency exchange Binance has made regulatory compliance its top priority. The exchange is on a hiring spree to “significantly” add to its compliance and legal teams. “We are going through a pivot from a technology innovator into a financial services company, so...
Quantum-Resistant Token, Crown Sovereign (CSOV) Will Be Listed on Bitcoin.com Exchange
18.8.2021
PRESS RELEASE. Crown Sterling’s Crown Sovereign token (CSOV), the world’s first quantum-resistant digital asset, will be listed on Bitcoin.com Exchange in late September. This represents a milestone for both parties, one where Crown Sterling’s (CSOV) token will be listed on one...
Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index
18.8.2021
The report indicated that worldwide adoption of crypto assets jumped over 1,200%, with peer-to-peer platforms driving cryptocurrency usage in emerging economies
Young South African Engineer Rues Deleting Computer File Containing Keys to 20 BTC
18.8.2021
A young South African electronics engineer has rued his decision to delete a text document containing the keys and password to a crypto wallet that held some 20 bitcoins. According to the engineer, the lost coins had been mined more than ten years ago using a modified personal computer that...
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
18.8.2021
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s...
All of South Korea’s Crypto Exchanges Fail their Regulatory Audits
17.8.2021
South Korean crypto exchanges have been dealt another crushing blow – with all of the nation’s trading platforms failing their regulatory “consulting” audits.
The development will not bode well for the sector with just over a month to go until new regulations kick in – with even the “big four”...
Spanish officials issue warning on Huobi and Bybit crypto exchanges
17.8.2021
The National Securities Market Commission in Spain issued warnings on 11 entities for not being registered for investment services
Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’
17.8.2021
Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of crypto assets,” Bank of America says it is “still in very early stages...
Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says
15.8.2021
With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital...
Outwitting crypto criminals: Why exchanges have to go the extra mile
15.8.2021
The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices
British Court Orders Binance to Identify and Freeze Hackers’ Accounts After a User Claims Funds Stolen
14.8.2021
A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global...