Cryptocurrency

Cryptocurrency

Korean Regulators Inspect Monitoring Systems for Crypto Market

By Manesh Samtani | 23/08/2024

Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.

Fraud, Scams & Cybercrime

Polish National Arrested in Montenegro for Crypto Fraud

By Mark Johnston | 22/08/2024

Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.

Fraud, Scams & Cybercrime

ASIC Has Shut Over 7,300 Scam Websites in One Year

By Sanday Chongo Kabange | 20/08/2024

Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.

Anti-Money Laundering

Binance is Registered with Indian FIU, Ending Seven Month Ban

By Ajoy K Das | 16/08/2024

Binance said the registration underscores its commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem.

Cryptocurrency

US IRS Publishes Updated Tax Reporting Form for Crypto

By Editors | 15/08/2024

The updated Form 1099-DA, which will start to apply in early 2026, is more streamlined than the version proposed in April.

Stablecoins

Ripple Starts Testing Stablecoin for Cross-border Payments

By Editors | 15/08/2024

Ripple plans to use both “RLUSD” and XRP in cross-border payments to serve global customers and “dramatically improve their experience”.

Cryptocurrency

Eurex Expands Crypto Derivatives Suite to Include Ethereum

By Editors | 15/08/2024

Eurex has launched Ethereum futures and options, adding to its crypto derivatives portfolio which has so far only covered Bitcoin.

Stablecoins

Three Arrows Capital Sues Terraform Labs for Crypto Losses

By Editors | 14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

Custody & Infrastructure

MAS Grants MPI License to Crypto Custody Firm BitGo

By Nithya Subramanian | 14/08/2024

BitGo will be able to provide institutional clients with secure digital asset transactions through its insured cold storage custody platform.