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CATEGORY: financial legislation

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 28, 2023 05:55

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal [...]

The post Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities appeared first on Crypto Breaking News.

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Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 26, 2023 10:30

Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption

In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The list of these digital assets includes popular tokens such as bitcoin, ethereum, usd coin, litecoin, and several others that the [...]

The post Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption appeared first on Crypto Breaking News.

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