crypto exchanges

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. </strong> Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh …

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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules

<div class=”featured_image_container”> </div> <strong>Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. </strong> Korean Financial …

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Crypto.com Becomes Malta’s First Licensed Digital Currency Exchange to Offer Bank Transfers

<div class=”featured_image_container”> </div> <strong>The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). According to the announcement, Crypto.com’s EMI license will allow the firm to issue cards and bank transfers to consumers in …

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NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands

<div class=”featured_image_container”> </div> <strong>On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused …

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Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

<div class=”featured_image_container”> </div> <strong>South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. </strong> South …

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New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

<div class=”featured_image_container”> </div> <strong>Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. </strong> Draft Law Prohibits Crypto Payments in Islamic Republic Members …

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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

<div class=”featured_image_container”> </div> <strong>Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. </strong> New Guidelines to Appease …

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Tehran Government Bans Iran Blockchain Association

<div class=”featured_image_container”> </div> <strong>The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. </strong> Iranian Authorities to Review IBA Dealings With Crypto Exchanges The …

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Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market

<div class=”featured_image_container”> </div> <strong>Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because everyone wants to be …

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South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

<div class=”featured_image_container”> </div> <b>Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification.</b> South Korean Regulator Holds a Closed-Door Meeting With 20 …

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