Hong Kong regulator adds personnel to boost crypto supervision
Hong Kong regulators intend to increase their personnel in order to “better supervise” the operations of regional providers of virtual assets. According to a Commission report submitted on February 6, four more employees would be hired to “better supervise” the operations of regional virtual asset (VA) providers in Hong Kong. Additionally, by enabling retail investors […]
Binance Will Temporarily Suspend US Dollar Bank Transfers
Beginning on February 8th, Binance has stated that it would temporarily stop accepting bank transfers in dollars. Leading cryptocurrency exchange Binance has stated that, as of February 8th, it would temporarily stop accepting bank transfers in dollars. A evaluation of its services led to the decision, which showed that just a small percentage of its […]
Brazil releases crypto laws for police, tax authorities
The Brazil government wants to give the country’s police, prosecutors, and courts new authority to seize cryptocurrency. The federal prosecutor’s office in Brazil is getting ready to release a schedule of events that will give the country’s judges, police, and prosecutors the authority to try criminals and seize cryptocurrency. Brazil’s top prosecutor’s office, Ministério Pblico […]
Tether overtakes Bitcoin as most traded cryptocurrency in January
Tether trade volume increased from $603.6 billion to $977.1 billion between December 2022 and January 2023, representing a 61% increase. According to a study that Bitcoin Casinos carried out, Tether is presently the cryptocurrency that is being traded the most around the world. Its value has increased by 61% in the past month. Following the […]
South Korean FSC provides criteria for security tokens
South Korean Financial Services Commission (FSC) has published guidelines that outline which categories of digital assets fit the descriptions for security tokens under the country’s Capital Markets Act. The Financial Services Commission (FSC) said in a news release that digital assets that meet the criteria outlined in the nation’s Capital Markets Act would be considered […]