South Korea Tightens Scrutiny on Crypto Exchanges

by Александр Пирогов | Feb 13, 2024 | Blog News

South Korea’s Financial Intelligence Unit (FIU) has announced plans to intensify oversight of crypto exchanges in the country, aiming to expel platforms deemed “unsuitable” from the market starting this year. The FIU will expand screening procedures...

Kochi, Japan, Enters the Metaverse with Start Lands Deal

by Александр Пирогов | Feb 13, 2024 | Blog News

The city of Kochi, Japan, is venturing into the metaverse realm through a partnership with Start Lands, a Philippines-based firm behind the Start Land metaverse project. Officials signed the deal on February 7, aiming to introduce a “virtual Kochi” online...

Philippines Central Bank Plans CBDC Launch

by Александр Пирогов | Feb 13, 2024 | Blog News

The Bangko Sentral ng Pilipinas (BSP) is gearing up to introduce a Central Bank Digital Currency (CBDC) within the next two years to counter the growing popularity of cryptocurrencies in the country, as announced by Central Bank Governor Eli Remolona Jr. The BSP...

Kraken Secures Registration in Netherlands

by Александр Пирогов | Feb 9, 2024 | Blog News

Kraken, a cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DCB) in the Netherlands, strengthening its presence in Europe. The move comes amid significant growth in the European crypto market,...

OKX Faces Regulatory Scrutiny in South Korea

by Александр Пирогов | Feb 9, 2024 | Blog News

South Korean regulators, including the Digital Asset Exchange Association (DAXA) and the Financial Intelligence Unit (FIU), are investigating cryptocurrency exchange OKX for alleged unregistered activity. The exchange is accused of promoting its centralized exchange...

Appeals Court Reverses Extradition Decision for Terraform Labs Co-Founder Do Kwon

by Александр Пирогов | Feb 9, 2024 | Blog News

The Appeals Court of Montenegro has overturned the High Court’s decision to extradite Do Kwon, co-founder of Terraform Labs, to the United States. The court cited procedural irregularities and lack of authority on the part of the High Court to make such an...