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Binance Discontinues Crypto Products and Services in South Korea


On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...

WazirX All Set to Launch Decentralized Exchanges


The Indian cryptocurrency exchange WazirX has recently shown a huge improvement in volume.The exchange has reportedly become the largest decentralized exchange by volume. The popularity of the platform has made the creators think about the next step.  As per the latest reports, Nischal Shetty,...

Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges


The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...

Kucoin Boss on Strategy After Hack: ‘We Chose to Act’


Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...

Ukraine Might Allow Indirect Crypto Pay, Will Regulate Exchanges


Ukraine could be set to allow its citizens to “protect their wealth” in cryptoassets, a minister has claimed – but will move to block direct crypto-powered payments and will regulate exchange in line with “international” guidelines. In an interview with Minfin, Oleksandr Bornyakov, the Deputy...

Singapore to License Digital Payment Providers, Approves Crypto Exchange


The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...

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