The deadline for South Korean crypto exchanges to meet new compliance requirements is fast approaching. All operators expected to submit requests for official licenses to the Financial Services Commission (FSC) by September 24. For much of the past year, industry actors. And representatives for smaller exchanges have fought the new requirements but without success. According […]
The Russian central bank has told domestic commercial banks to block the crypto exchange-related card and e-pay transactions for their customers. The Bank of Russia stated in an official statement that internet-based “shadow economy”-related businesses must be eliminated. It urged domestic banks and e-payment providers to identify all accounts. And e-wallets associated with “illegal business […]
The Financial Services Commission of South Korea has moved to prohibit cross-exchange trading on crypto exchanges in the country. The move is part of a slew of changes to the country’s Financial Transaction Information Reporting and Use Act. Cross-trading is the practice of offsetting buy and sell orders for the same asset (at the same […]
An accounting firm has confirmed that Bithumb, the major crypto exchange in South Korea, is up for sale. The troubled Bithumb Holdings, which owns over 70 percent of the exchange, is actively looking for a buyer, as reported. Accounting firm Samjong KPMG, a joint venture firm that includes Dutch giant KPMG, told, one of the […]
Cryptocurrency exchange based in Japan Coincheck will soon be offering support to BAT token holders. The virtual currency exchange will make Brave ‘s Basic Attention Token (BAT) available for trading starting on 21 July, according to Monex Group ‘s announcement on 13 July — the owner of Coincheck since its acquisition in 2018. Following the […]
Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb 29. Its aim is to provide a regulatory-friendly framework for financial services companies to deploy applications in a variety of finance-related sectors. Huobi Chain incorporates a flexible governance model that supports both regulators and […]
The Japan Virtual Currency Exchange Association (JVCEA) – the official self-regulatory organization for the crypto industry in Japan – announced on 2nd March 2020 that three additional companies have just registered as second-class members. Coinbase, Digital Asset Markets, and the Tokyo Hash have registered as reported by the JVCEA. Second-class members with the agency can […]
Switzerland’s leading stock exchange, SIX Swiss Exchanges, has announced a partnership with Omniex – a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto-asset markets. According to a Feb 25 press release published by SIX Group, the partnership will provide the firm and its clients with a gateway to […]
Cryptocurrency exchange Gemini is working with its regulators to support trading of Filecoin, the firm said in a blog post on Tuesday. The New York-based exchange said its custody unit would support the asset to start. The launch of the cryptocurrency’s mainnet is tentatively slated for sometime between mid-June and mid-July, as per the report […]
Zhang Jian, the founder of Chinese crypto exchange FCoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users. According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be […]
