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Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far
22.6.2021
Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank...
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...
Tehran Government Bans Iran Blockchain Association
20.6.2021
The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology...
Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer
20.6.2021
The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv...
Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls
18.6.2021
Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, which has earmarked 30 coins for the ax.
As previously reported, Upbit’s unexpected move saw five coins removed...
Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
17.6.2021
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners....
South Korean crypto exchanges banned from handling coins they issued themselves
17.6.2021
Exchange tokens are falling under the scrutiny of South Korean regulators
Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months
15.6.2021
South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead.
The nation’s first piece of crypto-specific...
South Korea’s small crypto exchanges face increasing regulatory heat
14.6.2021
Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country
Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
12.6.2021
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules...
Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market
10.6.2021
Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because...
Chinese search engines block results for top crypto exchanges
9.6.2021
Typing in the keywords for crypto exchanges Binance, OKEx and Huobi on Chinese search engines is currently pulling up no results
Kenyan Banks Warn Clients Against Crypto Trading
8.6.2021
A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.”...
South Korea moves to ban cross trading for crypto exchanges
7.6.2021
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
S Korean Regulator Holds ‘Significant’ Meeting with 20 Crypto Exchanges
4.6.2021
The South Korean government finally appears to be ready to move to address criticism regarding its “inertia” over the formation of new crypto regulation. And to do so, it appears to have begun communicating directly with exchanges it believes stand a chance of meeting regulatory guidelines in time...
South Korean regulators parley with 20 crypto exchanges
4.6.2021
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight
South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body
3.6.2021
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection...
Bank account flows for South Korean crypto exchanges surge 40% since 2020
1.6.2021
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...