Crypto Exchange OKX Withdraws Hong Kong License Application
The well-known cryptocurrency exchange OKX declared that it will withdraw its application for a Hong Kong Virtual Asset Service Provider (VASP) license. The exchange gave no specifics in its notification on OKX’s blog, but stated that it decided after considering its business plan. In accordance with local regulatory regulations, OKX will thus cease providing centralized […]
Hong Kong Based Hashkey Adds Solana Support
SOL has been added to the list of supported assets by the global branch of the HashKey cryptocurrency exchange based in Hong Kong. The goal of HashKey Global, an international cryptocurrency exchange that HashKey Group founded, is to draw in more users worldwide by adding Solana (SOL) to its list of supported assets. In a […]
South Korean Police Arrest 19 in Crypto Fraud Bust
Authorities in South Korea have detained 19 members of a phony social media chat group that defrauded 308 investors of about $19 million. Those in custody had run an open chat room and conned hundreds of investors out of $18.8 million by promising fast gains if victims bought in unlisted currencies. Seungwon Lee claims that […]
Coinbase, SEC Clash Over Investment Definition in Appeal
Coinbase accuses SEC of sidestepping legal precedent in appeal over staking program classification. In its most recent assault against the United States Securities and Exchange Commission (SEC), Coinbase has relied extensively on case law and reached the uncommon conclusion that “the SEC attempts to circumvent the [Howey] test.” May 24 saw the submission of a […]
Montenegro Court Blocks Do Kwon Extradition
Montenegro appeals court reversed the extradition order for Do Kwon, wanted in South Korea for the Terraform Labs collapse. The appeals court in Montenegro has overturned the order that cryptocurrency entrepreneur Do Kwon be extradited to South Korea. The collapse of Terraform Labs, which resulted in substantial financial losses, has attracted the pursuit of Kwon. […]