Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently applied for a license to operate as a Virtual Asset Service Provider (VASP). The company is now listed as the 26th VASP by the Financial Supervisory Commission and is included in a list of Virtual Currency Platform Operators compliant with Money Laundering Prevention Laws. With
Exchanges
The European Banking Authority (EBA) has recently updated its Travel Rule guidelines to include crypto service providers and intermediaries. This update, outlined in the EU-2023/1113 regulations, requires crypto exchanges in the European Union to adhere to the Travel Rule guidelines starting December 30, 2024. The rule mandates that exchanges report information on funds and crypto
Recently, the crypto exchange KuCoin announced that it would be imposing a 7.5% value-added tax on trading fees for its Nigerian users starting on July 8. This decision marks a significant change for users in the country, as they will now have to pay an additional fee on each trade made on the platform. The
Binance.US, the American arm of the world’s largest cryptocurrency exchange, Binance, is gearing up for the next stage in its legal battle with the Securities and Exchange Commission (SEC). The SEC has filed multiple charges against Binance.US, alleging violations of securities laws. Despite efforts to dismiss these allegations, the court has ruled in favor of
Sony Group, a prominent conglomerate in Japan, has made headlines with its recent acquisition of Amber Japan, leading to the launch of a crypto exchange. The WhaleFin exchange, now under Sony’s ownership, will be rebranded as S.BLOX Co. This move signifies Sony’s entrance into the world of cryptocurrencies, expanding its portfolio beyond gaming, music, and
Kraken founder Jesse Powell made headlines when he announced a $1 million donation, predominantly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell justified his donation by stating that it was intended to help the US maintain its leadership in blockchain technology. He expressed his excitement about backing the “only pro-crypto major
Recently, a US bankruptcy court granted FTX approval to seek votes on a liquidation plan that would pay customer claims in cash. This plan would determine payments to customers based on crypto prices at the time of FTX’s collapse in November 2022. Despite objections from some customers who believe they are entitled to higher amounts
A recent development in the legal battle between the US Securities and Exchange Commission (SEC) and Kraken, a popular cryptocurrency exchange, has seen a federal judge in California leaning towards allowing the lawsuit to proceed. Judge William Orrick expressed his inclination to deny Kraken’s request for dismissal during a recent hearing. The judge stated that
Binance, the leading cryptocurrency exchange in the world, is currently grappling with rising regulatory hurdles in various countries, including India. The Financial Intelligence Unit in India recently slapped Binance with a hefty fine of 188.2 million Indian Rupees, equivalent to approximately $2.2 million, for failing to comply with the country’s Anti-Money Laundering regulations. According to
When it comes to traveling with cryptocurrency, the first and most important step is to ensure the security of your digital wallet. Safeguarding your private keys and seed phrases is crucial to protect your assets from potential threats and hacks. By following best practices for wallet security, such as using hardware wallets and multi-signature wallets,
