Crypto Exchanges in South Korea Ready to Renew Banking Deals

• South Korea’s leading crypto exchanges are ready to renew their banking deals. • Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank). • Other “big four” exchanges – Coinone, Upbit and Korbit have already sealed deals with Kakao Bank, K Bank and Shinhan Bank respectively. South Korean Crypto Exchanges Set To … Read more

Russian Regulator Monitors 25,000 Crypto Users – Here’s How

Overview • Russian anti-money laundering regulator says it is “monitoring” over 25,000 crypto users • Advanced blockchain analytics software has helped the body increase its monitoring capabilities • Rosfinmonitoring has conducted 120 crypto-related investigations leading to more than 60 criminal prosecutions Russian AML Regulator Monitoring Thousands of Crypto Users Yury Chikhanchin, the head of the … Read more

Brazil to Tighten Crypto Regulations – CVM, Central Bank Take Action

Brazil’s Financial Markets Regulator (CVM) to Roll Out Crypto Laws CVM to Determine Which Tokens are Securities Central Bank Focusing on Tightening Crypto Regulations and Developing Digital Real CBDC Brazil’s Financial Markets Regulator (CVM) to Roll Out Crypto Laws The head of the Brazilian financial markets regulator, João Pedro Nascimento, says the body will roll … Read more

South Korea Probes Crypto Staking Services, Exchanges Wary of Regulations

• South Korean Financial Supervisory Service (FSS) is conducting an investigation into domestic crypto staking services. • At least three of the nation’s four biggest exchanges – Upbit, Bithumb, Korbit, and Coinone – have been contacted by the FSS regarding staking. • The FSS has suggested that an outright ban on domestic staking is not … Read more

Shiba Inu Price Soars: Crypto Experts Predict SHIB Growth

• Shiba Inu (SHIB) is an Ethereum-based ERC-20 crypto token, and the second most popular dog meme coin after Dogecoin. • SHIB/USD was last changing hands slightly above its 21-Day Moving Average despite a large drop in the crypto token’s burn rate. • Evidence of increased Ethereum whale buying is likely helping to prop up … Read more

Investigation into Paxos: Is Binance BUSD in Trouble?

Paxos Under Investigation by NYDFS •The New York Department of Financial Services (NYDFS) is reportedly investigating Paxos, the issuer of Binance USD (BUSD) and native stablecoin USDP. •Paxos also operates PAXG, a gold-backed cryptocurrency that stores real-world assets in Brinks Vault, London. •The company applied for a full banking charter with the OCC but has … Read more

Alfa Romeo Racing Secures $100 Million Crypto Sponsorship with

• The Alfa Romeo Racing team has recently secured a $100 million sponsorship from the crypto casino platform • This is one of the first and biggest sponsorships following the catastrophic collapse of FTX exchange which was known for its high-level and wide-reaching sponsorships. • The resurgence in the crypto market, particularly with the … Read more

IMF Offers 5-Point Plan for Regulation of Cryptocurrency Industry

• International Monetary Fund (IMF) has made recommendations to regulate the cryptosphere and provide a framework for exchanges and investors to work to. • Entities that carry out many different functions in the cryptosphere should be subject top additional oversight. • Established financial institutions that deal in cryptocurrencies should be subject to clear requirements regarding … Read more