South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year.
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year.
Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username “jolamchok” on Instagram, for his association with crypto exchange JPEX.
The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”
Crypto exchange JPEX has pointed the finger at its third-party market makers for “maliciously” freezing funds, which led to the exchange being forced to hike withdrawal fees to battle a liquidity crisis.
On Sept. 16, exchange volume stood at $5.09 million on Binance.US amid executive departures and ongoing regulatory scrutiny.
On Sept. 20, the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme.
NFL player Trevor Lawrence and YouTubers Kevin Paffrath and Tom Nash have reportedly opted to settle with investors who alleged their FTX promotions misled them.
Despite Brian Shroder resigning as CEO of the exchange’s U.S. wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed the departure was normal.