Crypto
Zipmex Halts Trading in Thailand Amidst SEC Probe
Cryptocurrency exchange Zipmex has initiated a temporary suspension in the trading and depositing of all types of assets from 25 November 2023, at 1:00 PM following a probe by the Thailand’s Securities and Exchange Commission (SEC). During the suspension period,
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Richard Teng Pledges Compliance Reform as Binance’s New CEO
Changpeng Zhao (CZ), the founder and former CEO of Binance, currently faces restrictions on leaving the United States, according to a recent report by CoinDesk. This development follows a federal judge’s decision to temporarily suspend part of his bond release,
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MAS Tightens Crypto Trading Rules, Credit Card Payments No Longer Allowed
The Monetary Authority of Singapore (MAS) has instructed Digital Payment Token (DPT) service providers to cease accepting locally issued credit card payments in a move to limit cryptocurrency speculation among retail customers. This directive is a critical part of MAS’
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Richard Teng Named Binance CEO Amidst CZ’s Criminal Charges, US$4.3B Fine
Richard Teng has been appointed CEO of crypto exchange Binance, following the resignation of Changpeng Zhao (CZ) who pleaded guilty to criminal charges for anti-money laundering and violations of U.S. sanctions. Teng, previously serving as the Global Head of Regional
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Mastercard and Feedzai Join Forces to Combat Rising Crypto Exchange Fraud
Feedzai, a financial crime and risk management solution provider, has joined forces with Mastercard to enhance crypto fraud protection. This collaboration aims to mitigate the risk of account-to-account fraud involving cryptocurrency exchanges. Recent data reveals that approximately 40% of scam
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Thailand’s KBank Buys 97% Stake in Crypto Exchange Satang, Renames It Orbix
Thailand’s KASIKORNBANK (KBank) has acquired a 97% stake in the parent firm of crypto exchange Satang for 3.705 billion Thai baht (US$102.8 million). The bank intends to rename the crypto exchange to Orbix Trade Company, according to a filing to the Stock
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From Virtual to Real Property – DeFi Mortgages and Gen Z Wealth Building
Real estate is overactive everywhere, including the metaverse. Statista estimates the value of the metaverse at $65.5 billion in 2022, with the virtual real estate market at around $500 million. Virtual property prices are exploding with metaverse real estate agents
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South Korean Crypto Firm Upbit Gets Regulatory Greenlight in Singapore
Upbit Singapore, a subsidiary of South Korean crypto exchange Upbit, has received in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This will allow Upbit Singapore to continue providing regulated Digital Payment Token
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The Evolution of Regulatory Policies for Crypto-Assets, According to IMF and FSB
In a world entwined with technological evolution, crypto-assets have emerged as a key player, with their existence spanning over a decade reflecting both significant opportunities and multifaceted risks. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have
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Central, Southern Asian Countries Top Global Crypto Adoption Index
In a world undergoing rapid economic and digital transformation, the face of currency is changing at a revolutionary pace, yielding a proliferation in global crypto adoption. The Chainalysis Global Crypto Adoption Index, now in its fourth annual iteration, amalgamates both
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