Key Takeaways: Woo Network’s anti-money laundering (AML) approval implies the company can seek a banking partner in Taiwan to facilitate crypto-to-fiat trade. Taiwan’s regulators have recognised the platform as the first international exchange to get AML approval. AML registration for…
Key Takeaways: The Securities and Exchange Commission (SEC) of Thailand has reported cryptocurrency exchange Zipmex and Akalarp Yimwilai, the firm’s founders and CEO of its Thai branch, to the police. Although it was claimed that the Zipmex exchange had revealed…
Key Takeaways: Crypto exchange FTX announced that it would halt all Ether (ETH) trades on numerous blockchains until the September price increase is over. The crypto exchange is not responsible for any losses in the event of significant price movements,…
Key Takeaways: Former Accenture executive Mohsen AlZahrani has been hired by Saudi Arabia’s central bank to manage its cryptocurrency and CBDC initiatives. Despite concerns over the asset class’ volatile nature, Saudi Arabia is seeking legal rules for it. In a…
Key takeaways: Jill Sommers, a former commissioner of the CFTC, has joined the board of directors of the company, according to FTX US Derivatives. She served two consecutive terms as a CFTC Commissioner and was appointed by Presidents George W.…
Key Takeaways: By the end of the year, Indonesia will introduce a cryptocurrency stock market, according to Jerry Sambuaga, the country’s deputy commerce minister. Due to difficulties in the procedure, the Southeast Asian country had initially announced a 2021 debut…
Key Takeaways: Customs officials in South Korea have nabbed 16 people involved in unlawful foreign exchange transactions. Since February, the Korea Customs Service has discovered more than 2.7 trillion won ($2 billion) in unlawful foreign exchange transactions involving virtual assets.…
Key Takeaways: 85 MW, or 23% of the market, is the energy capacity of farms used for crypto extraction in Russian Federation oil fields. Market participants report that investors are already evaluating additional 200 MW projects. Western sanctions, however, are…
Key Takeaways: CryptoCom discovered that they had paid the woman $10 million rather than a $100 refund during an audit after 7 months. With the money, the woman has already purchased a multi-million dollar property. After accidentally giving an Australian…
Key Takeaways: The founder of the cryptocurrency exchange Thodex, who fled Turkey and rendered customer funds unrecoverable, has been detained in Albania. Interpol issued a red notice for Faruk Fatih Ozer on April 23, 2021. According to the Turkish Interior…
