Korea’s Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country.
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Category: Ethereum News
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June.
Aussie asset manager to offer crypto ETF using unique license variation
The CEO of Monochrome Asset Management says their license approval represents a significant step forward for both the advice industry and retail investors.
CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB
The European Central Bank working paper sought to identify issues and consensus regarding CBDCs, as well as to identify gaps in the research — such […]
Ontario crypto exchanges impose $30K annual limit on altcoin buys
The new buy limits are intended to better “protect crypto investors” and make them “more aware of the risks” associated with crypto assets, according to […]
Korean police seize crypto for unpaid traffic fines in trial
Local police in a suburb of Seoul have the authority to seize crypto in order to clear the balance of delinquent fines from traffic violations.
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
Senator asks FDIC about allegations it discourages bank relations with crypto companies
Sen. Pat Toomey says he has information from whistleblowers that the FDIC without a legal basis is discouraging banks from dealing with companies with crypto […]
European Central Bank addresses guidance on licensing of digital assets
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies.
Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities
The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.