Thailand launches regulatory sandbox to test crypto services

Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more.

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Taiwan Mobile receives VASP license, entry to crypto market

Taiwans second-largest telecom has found a way into the crypto market, bring resources and experience with it.

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Taiwan proposes tougher AML measures for crypto service providers

Taiwans Ministry of Justice proposed four amendments to the countrys AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance.

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PNP Subpoenas Local VASPs, 4.5M in Crypto Frozen by Foreign Exchange in Anson Que Ransom Case

Police uncovered how ransom in the Anson Que case was funneled through unregistered e-wallets linked to junket operators and converted into cryptocurrency.

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Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations. (Read More)

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Hong Kong security regulator to issue crypto license guidelines in May

The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.

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Namibia signs crypto exchange regulation bill into law

The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.

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Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment

On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory policy. CCTV’s Coverage of Hong Kong’s Crypto Regulations Sparks Excitement, Says Binance CEO; Nanxin University Launches Metaverse

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SEC Warns Public Against Unregistered and Unlicensed Cryptocurrency Exchanges in Philippines

The SEC is reminding the public to exercise caution or stop dealing with crypto exchanges not licensed in the Philippines.

The post SEC Warns Public Against Unregistered and Unlicensed Cryptocurrency Exchanges in Philippines appeared first on BitPinas.

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DA5 is the New BSP-Licensed VASP (Crypto Exchange), Plans to Launch SurgePay Wallet

Direct Agent 5 is planning to launch SurgePay - a blockchain wallet to make remittances coursed through the firm cheaper.

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BSP to Licensed Crypto Exchanges: Don’t Misuse User Funds

Citing the BSP Circular No. 1108, the central bank emphasized that virtual asset services providers must not lend out user funds.

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VASP-Licensed Bexpress Publishes Position on Digital Assets Act of 2022

Bexpress, operating as Bexpress/Bexpro is a licensed virtual assets service provider (VASP) in the Philippines.

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List of Firms With Both VASP and EMI Licenses in the Philippines

With Binance intending to purchase a single firm with both EMI and VASP licenses, which companies in the Philippines have them both?

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Binance PH to Acquire a Single Firm That Has Both BSP VASP and EMI Licenses

Crypto exchange giant Binance announced that it plans to have a PH firm counterpart to be able to acquire a VASP License from the Central Bank.

The post Binance PH to Acquire a Single Firm That Has Both BSP VASP and EMI Licenses appeared first on BitPinas.

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BSP Seeks Passage of Digital Asset Law

BSP seeks legislative proposals to regulate digital assets and clear rules defining what it can do.

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BSP Cautions the Public Against Engaging with Unregistered and Foreign Virtual Asset Service Providers (VASPs)

BSP urges the public not to deal with Virtual Asset Service Providers (VASPs) that are either unregistered or domiciled abroad.

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BSP Imposes Ban on VASP License Application

The Bangko Sentral ng Pilipinas will not approve any new virtual asset service providers (VASPs) in the next three years.

The post BSP Imposes Ban on VASP License Application appeared first on BitPinas.

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[Exclusive Video] Wen Coins Token? Coins.ph CEO Wei Zhou Reveals Web3 Plans to BitPinas

Wen Coins Token? In this exclusive interview, Wei Zhou, the new CEO of Coins.ph reveals a more web3 future for the licensed crypto company.

The post [Exclusive Video] Wen Coins Token? Coins.ph CEO Wei Zhou Reveals Web3 Plans to BitPinas appeared first on BitPinas.

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UAE to Strive for Virtual Service Provider Licenses before Q2

In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022. (Read More)

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Estonia to Strengthen Supervision of Virtual Asset Service Providers

Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers. (Read More)

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