South Korea Launches the Next Stage of Virtual Asset Regulation Research
South Korea is establishing plans to regulate virtual assets with the launch of the second phase of the Legislation Research. South Korean financial officials are allegedly getting ready to launch a research project for the second phase of the nation’s virtual asset legislation in an effort to improve rules further and protect users in the […]
Vietnam Launches Investigation Into Pi Cryptocurrency
The Pi cryptocurrency gained much interest in Vietnam, but local officials warned investors to exercise caution because it is quite risky. According to the Department of Cybersecurity and High-Tech Crime Prevention , regulatory authorities in Vietnam have begun looking into the Pi cryptocurrency. Department chief Le Xuan Minh stated last week at a conference in […]
BitgetX Joins HKVAC to Obtain an Exchange License in Hong Kong
BitgetX, the Hong Kong division of cryptocurrency exchange Bitget, joined the Hong Kong Virtual Asset Consortium (HKVAC), which offers rating services and indexes to cryptocurrencies. The HKVAC, established on May 31 with Huobi as its first member, will create two indices. A seven-day median, additional criteria, and quarterly rebalancing will be used to determine the […]
UAE free zone partners with HBAR foundation to aid Web3 startups
The HBAR Foundation and RAK Digital Assets Oasis, a free zone in the United Arab Emirates devoted to cryptocurrency businesses, have signed a memorandum of understanding. In order to encourage the ecosystem’s members through a grant program and assist them in using the Hedera blockchain, the HBAR Foundation and RAK Digital Assets Oasis (RAK DAO), […]
Bitwage Halts USDC Payments for US Residents
The cryptocurrency payroll startup Bitwage announced it would stop accepting payments in USD Coin (USDC) from Americans in an email to customers on July 5. Bitwage warned that users who failed to remove their USDC allotment by July 13 would have their accounts reset. Financial officials in the United States have tightened their regulatory monitoring […]