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Korean financial officials addressing money laundering in virtual currencies.
Digital Currency

South Korea Strengthens Anti-Money Laundering Measures for Virtual Assets

South Korea's Financial Services Commission plans stringent regulations to combat money laundering in virtual assets, requiring service providers to register and report cross-border transactions. T...

Caitlin LongCustodia Bank reduces operations due to changes in U.S. cryptocurrency policies.

Custodia Bank Cuts Operations Due to Shift in U.S. Crypto Policies

Custodia Bank, a Wyoming-based institution, scales back operations amid new U.S. crypto policies. This strategic move aims to retain key services while preparing for anticipated regulatory changes....

Financial RegulationsGraphic illustrating South Korea's new virtual asset transaction monitoring initiatives.

South Korea to Enhance Preemptive Monitoring of Virtual Asset Transactions

South Korea's Deputy Prime Minister announces plans for preemptive monitoring of virtual asset transactions to combat illegal activities like tax evasion. The country will amend foreign exchange re...

BanxsoSouth African financial regulator revokes cryptocurrency exchange license.

South African FSCA Temporarily Revokes Banxso's License Amid Allegations

The Financial Sector Conduct Authority of South Africa has temporarily revoked Banxso's license due to allegations of using deepfake tech in ads and aggressive sales tactics, leading to customer lo...

BoliviaIllustration of cryptocurrency transactions in Bolivia following regulatory changes.

Bolivia Sees Surge In Crypto Transactions Following New Regulations

Bolivia's cryptocurrency transactions have soared to $15.6 million monthly, doubling in recent months after legalizing digital payment channels. With over 1.1 million transactions recorded, the Bol...

billionaireMark Cuban expressing interest in SEC Chairman role

Mark Cuban Aims for SEC Chairman Position

Billionaire Mark Cuban has voiced his aspiration to take on the role of Chairman at the U.S. Securities and Exchange Commission (SEC), aiming to influence financial regulations.