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Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal


A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...

Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud


Source: Pixabay The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding two crypto firms suspected of engaging in fraud. The watchdog has cautioned the public to be wary of “LonShiX” and “Bitbank (Global) Financial Holding Group,” both...

Report: Worldcoin Set to Resume Kenyan Operations in Early 2024


Worldcoin, the iris biometric crypto project, has reportedly reached an agreement with Kenyan authorities which allows it to resume operations in the African country. Worldcoin representatives are said to be “working directly with regulators to meet Kenya’s requirements.” Worldcoin...

Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting


Source: Pexels Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election.  According to a report from Taiwan-based media outlet BlockTempo, the country’s...

South Korea to Prioritize Innovation in Next Phase of Crypto Regulations


Source: Pexels South Korea’s authorities have expressed a commitment to balance investor protection with fostering technological innovation in next phase of crypto regulations. Kim So-young, Vice Chairman of the Financial Services Commission, emphasized the need for regulations to strike this...

Chinese Cities Launch End-of-Year Digital Yuan Giveaways


Source: Putra/Adobe More Chinese cities will give away digital yuan tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. The Hebei News Network reported that the PBoC’s Hebei branch and local government authorities in the province will give...

Do Kwon to be Extradited to the United States: Report


Terraform Labs’ founder, Do Kwon, is set to be extradited to the U.S. following months of speculation, according to a report from the Wall Street Journal released Thursday. “Not excluding that kind of possibility” Kwon has been imprisoned in Montenegro since authorities caught...

India Seeks Extradition of Prime Suspect in $240M Crypto Scam from UAE


Source: Pexels Indian authorities are intensifying efforts to bring the alleged mastermind behind a massive $240 million cryptocurrency scam back to the country. The special investigation team (SIT) of the Himachal police, after nearly two months of probing, has prepared a comprehensive 2,100-page...

Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes


Image Source: Pixabay The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines.  In a Wednesday announcement, HM Revenue and Customs (HMRC) asked crypto users to make a “voluntary disclosure of any unpaid tax” relating...

Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M


Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...

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