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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”...
Harvest Holidays Could Wreak More Crypto Exchange Havoc in South Korea
13.9.2021
is time, the entire nation will effectively shut down, much as is the case during Christmas holidays in Western Europe and North America.That leaves just six working days before September 24, the end of the regulatory Financial Services Commission's six-month grace period for crypto exchanges
Majority of Korean crypto exchanges to shut down this month, insiders say
13.9.2021
Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators
Indian crypto exchanges prepare ad blitz for festive season
13.9.2021
Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season
During September DBX Will Be Listed on the World’s Major Crypto Exchanges
11.9.2021
PRESS RELEASE. TALLIN, ESTONIA -The most interesting event of this fall is the listing of DBX tokens, that will be available around the world at the beginning of the season. The long-awaited listing of DBX will take place on 7 of the world’s most famous exchanges. The good news is that...
Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...
Mastermind of Zimbabwean Bitcoin Pyramid Scheme Vanishes With $6 Million
3.9.2021
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing...
Japan’s SBI to Merge Its Crypto Exchanges a Year After Rival Takeover
3.9.2021
SBI’s chief executive Yoshitaka Kitao. The Japanese financial giant SBI is set to merge its crypto exchanges, TaoTao and SBI VC Trade – a move that will create a new Asian heavyweight exchange that could challenge market leaders like bitFlyer.
SBI, traditionally, has focused on its banking...
Spanish Crypto Exchanges to Discover Their Fate by October
27.8.2021
The Spanish central bank will roll out its new registration process for crypto exchanges operating in the nation by October.
Exchanges have been in limbo since April this year, when parliament passed a new law aimed at tackling the spread of money laundering and terrorist financing. The law states...