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Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency
27.9.2021
Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers....
China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether
26.9.2021
Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets....
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
25.9.2021
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered...
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...
Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets
24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already
Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K
23.9.2021
Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH
US Treasury Targets Crypto Exchanges to Counter Ransomware
23.9.2021
The US Treasury targeted crypto exchanges for laundering ransom payouts. The Treasury released a set of actions emphasizing disrupting crypto exchanges and criminal networks acting behind ransom laundering. The actions also focus on increasing ransomware payments and encouraging cyber-safety across...
US Treasury Targets Crypto Exchanges in Whole-of-Government Effort to Counter Ransomware
23.9.2021
The U.S. Department of the Treasury has taken actions targeting cryptocurrency exchanges “responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware. One cryptocurrency exchange has already been sanctioned along with related crypto addresses....
60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week
21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...
Hope For Four More S Korean Crypto Exchanges as Others Give up the Ghost
20.9.2021
for permits set to double.In order to apply for operating permits, exchanges must secure real name-authenticated banking services with a domestic bank and information security management system (ISMS) certification. Some 30 platforms have secured the latter, but the former is proving a
Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments
19.9.2021
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely...
Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations
18.9.2021
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges...
Korean Finance Minister vows to fight moves to delay the crypto tax code
17.9.2021
The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning
Cuba's cryptocurrency regulations take effect
16.9.2021
Crypto is now a legal method of payment for commercial transactions in the Island nation
State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
15.9.2021
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank...
Hong Kong landlords lease to crypto exchanges following regulatory clarity
15.9.2021
Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors
Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’
15.9.2021
tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges
Larger S Korean Crypto Exchanges Announce ‘Temporary’ End of Fiat Trading
15.9.2021
agement system (ISMS) certification if they are to continue offering crypto-to-crypto trading. But if they want to offer fiat KRW pairings,
SEC Chief May be Gunning for Crypto Exchanges and Altcoins
14.9.2021
a> and ethereum (ETH) exclusively.Gensler is set to appear before the US Senate Committee on Banking, Housing, and Urban Affairs today, ahead of which his
FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea
14.9.2021
A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi”...