Taiwan Cracks Down on Unregistered Foreign Crypto Exchanges
Taiwan is apparently preparing new regulations for VASPs, including limits on foreign crypto exchanges that are not registered there.
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Latest firstCoinCodeCap WeekInFocus: September 3, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
China’s Courts Extend Legal Protection to Crypto Investors: Report
Key Takeaways In a significant development, a People’s Court in China has issued a comprehensive report that dives deep into the legal aspects of virtual assets, reshaping the nation’s stance on cryptocurrencies. This development comes amidst China’s sweeping ban on…
Ex-Chinese Official Receives Life Sentence for BTC Mining-Related Crime
Key Takeaways A former government official in China has been sentenced to life imprisonment for engaging in corrupt activities, including running a sizable Bitcoin mining operation, along with unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi…
CoinCodeCap WeekInFocus: August 20, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Chinese Individual Receives 9-Month Prison Sentence for $13K USDT Purchase
The Fuzhou Mawei People's Procuratorate has found a man guilty of buying Tether USD for a friend for 94,988 ($13,067) Chinese Yuan.
Binance Files an Application in Taiwan Seeking AML Compliance
The Financial Supervisory Commission (FSC) and Money Laundering Control Act have apparently received an application from Binance.
Largest Southeast Asian Bank Launches Digital Yuan Payment Solution
The payment solution is exclusively available to corporate clients of DBS Bank China, allowing them to collect e-CNY from their customers and conduct automated settlements of the digital currency into their CNY bank deposit accounts.
Tether Addresses Reports on Chinese Securities Exposure
Tether, the stablecoin issuer, did partially back its stablecoin with Chinese stocks for a while, despite refusing to confirm it at the time.
Beijing Unveils White Paper: Paving Way for Web3 Innovation and Development
Beijing has published a white paper to encourage innovation and grow the Web3 industry.