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Estonia Issues First License to Crypto Service Provider Under New Regulation


Estonia’s Financial Intelligence Unit has issued its first license to a crypto service provider under the country’s new regulatory framework that entered into force in March. “Striga Technology OÜ is the first entrepreneur, who is authorized for the first time to provide...

Report: Chinese Metaverse Industry Raises $780 Million in Funding


The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting...

Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces


The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for...

Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges


The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...

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