Virtual Assets
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BitGo Becomes First Global Crypto Firm to Secure South Korea VASP Licence
BitGo has received virtual asset service provider registration in South Korea, allowing its local subsidiary, BitGo Korea, to offer crypto custody and transaction services to institutional and corporate clients. The company said it is the first global cryptocurrency firm to secure the registration in the country. BitGo Korea was established locally...
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Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
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Crypto Tax? 30% Tax For Digital Assets, Highest Tax Band In India
Though the government has yet to confirm whether and how it will allow cryptocurrencies, sources for long have said that cryptocurrencies will be treated as a digital asset.
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South Korean Police Seizes Crypto for Non-Payment of Fines as Part of Pilot: Report
A South Korean town near South Korea's capital city of Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with traffic fines.
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BitOasis UAE Crypto Exchange Says It Has Laid Off Some Staff Due to Sector Turmoil
BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, says it laid off nine of its staff, the latest company in the sector to cut jobs in the face of a downturn and market turmoil.
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US to Bring Crypto, Traditional Assets Under Same Regulatory Framing, Senator Spills Beans
The US is yet to unveil its regulatory framework to govern and monitor the crypto industry. Senator Cynthia Lummis is working on a crypto-related bill, details of which she revealed in a recent interview. The senator is focussing on making a proposal that brings the crypto sector under government jurisdiction, without barring any scope for developm...
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Kraken Exchange Receives Licence to Operate in Abu Dhabi: ADGM
Kraken group has been given all the required licences by the Abu Dhabi Global Market (ADGM) to operate a regulated virtual asset exchange platform. The exchange aims to offer regulated funding, trading, and custodial services in AED, UAE's currency.
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UAE Crypto Push Sees Bybit, Crypto.com Announce Dubai Offices
Crypto exchanges Bybit and Crypto.com said on Monday that it will open new offices in Dubai, the latest moves in the UAE's drive to become a centre for the virtual asset sector.
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Crypto Police: FBI Forms Digital Currency Unit, US Justice Department Taps Seasoned Computer Crimes Prosecutor
FBI is launching a unit for blockchain analysis and virtual asset seizure and the US Justie department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team.
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Crypto Tax? 30% Tax For Digital Assets, Highest Tax Band In India
Though the government has yet to confirm whether and how it will allow cryptocurrencies, sources for long have said that cryptocurrencies will be treated as a digital asset.
-
Chinese woman's claim to virtual assets dismissed
A court in China has dismissed a woman's claim to virtual assets she had earned while playing online games with her husband whom she was divorcing, a media report said.The couple had married at the end of 2008. They had got to know each other through an online game, reported China Daily quoting Beijing Morning Post. They had marital discord and bla...
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BitGo Becomes First Global Crypto Firm to Secure South Korea VASP Licence
BitGo has received virtual asset service provider registration in South Korea, allowing its local subsidiary, BitGo Korea, to offer crypto custody and transaction services to institutional and corporate clients. The company said it is the first global cryptocurrency firm to secure the registration in the country. BitGo Korea was established locally...
-
Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
-
UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
Crypto Tax? 30% Tax For Digital Assets, Highest Tax Band In India
Though the government has yet to confirm whether and how it will allow cryptocurrencies, sources for long have said that cryptocurrencies will be treated as a digital asset.
-
South Korean Police Seizes Crypto for Non-Payment of Fines as Part of Pilot: Report
A South Korean town near South Korea's capital city of Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with traffic fines.
-
BitOasis UAE Crypto Exchange Says It Has Laid Off Some Staff Due to Sector Turmoil
BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, says it laid off nine of its staff, the latest company in the sector to cut jobs in the face of a downturn and market turmoil.
-
US to Bring Crypto, Traditional Assets Under Same Regulatory Framing, Senator Spills Beans
The US is yet to unveil its regulatory framework to govern and monitor the crypto industry. Senator Cynthia Lummis is working on a crypto-related bill, details of which she revealed in a recent interview. The senator is focussing on making a proposal that brings the crypto sector under government jurisdiction, without barring any scope for developm...
-
Kraken Exchange Receives Licence to Operate in Abu Dhabi: ADGM
Kraken group has been given all the required licences by the Abu Dhabi Global Market (ADGM) to operate a regulated virtual asset exchange platform. The exchange aims to offer regulated funding, trading, and custodial services in AED, UAE's currency.
-
UAE Crypto Push Sees Bybit, Crypto.com Announce Dubai Offices
Crypto exchanges Bybit and Crypto.com said on Monday that it will open new offices in Dubai, the latest moves in the UAE's drive to become a centre for the virtual asset sector.
-
Crypto Police: FBI Forms Digital Currency Unit, US Justice Department Taps Seasoned Computer Crimes Prosecutor
FBI is launching a unit for blockchain analysis and virtual asset seizure and the US Justie department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team.
-
Crypto Tax? 30% Tax For Digital Assets, Highest Tax Band In India
Though the government has yet to confirm whether and how it will allow cryptocurrencies, sources for long have said that cryptocurrencies will be treated as a digital asset.
-
Chinese woman's claim to virtual assets dismissed
A court in China has dismissed a woman's claim to virtual assets she had earned while playing online games with her husband whom she was divorcing, a media report said.The couple had married at the end of 2008. They had got to know each other through an online game, reported China Daily quoting Beijing Morning Post. They had marital discord and bla...
