Taiwan is preparing a new law to integrate cryptocurrency into its economy, allowing banks to issue stablecoins and tightening regulation for crypto service providers. The country aims to attract global investors and become a crypto hub in Asia, with a focus on security and stability.
WeatherlySouth Korean authorities have apprehended six Chinese nationals in Jeju, South Korea for assaulting a dealer and stealing $1 billion won from him during their encounter at a luxury hotel. But the perpetrators are denying all allegations, and they are claiming to be the real victims in this ordeal. The perpetrators are accusing the dealer of trying to sell them short and attempting to scam them of their money.
XingChiA Taiwanese man, only identified as Chen, became the first casualty of the newly enforced anti-money laundering regulations in Taiwan. The new anti-money laundering (AML) regulations, which came into effect on November 30, 2024, required virtual asset service providers (VASPs) to complete AML compliance registration to offer virtual asset services in Taiwan.
XingChiTether is moving its headquarters to El Salvador, attracted by the country's crypto-friendly policies and tax benefits. The relocation is a key step in enhancing El Salvador's role as a digital asset hub while supporting Tether's expansion.
WeatherlyTether is expanding into AI filmmaking, hiring experts and planning to grow its team to 200 by mid-2025. The company is also investing in AI and cloud computing to enhance scalability and technology.
AnaisCircle and Binance have revealed their strategic partnership during Abu Dhabi Finance Week to promote USDC, a stablecoin jointly owned by Circle and Coinbase.
XingChiIn Thailand, armed robbers forced a Ukrainian man to transfer $250,000 in USDT under threat. They restrained him and warned against reporting the crime before fleeing. Thai police soon arrested four suspects, including a regular USDT buyer from the victim.
KikyoFour foreign nationals were arrested in Thailand for a robbery on 8 November, where they forced a Ukrainian tourist, Viacheslav Leibov, to transfer 250,000 USD in cryptocurrency. The suspects, who had prior connections to the victim, were charged with armed robbery, unlawful detention, and coercion.
WeatherlyHong Kong authorities are investigating a cryptocurrency scam in which a 26-year-old woman reported losing approximately HK$93,000 ($12,000) in tether (USDT) at an exchange shop in Mong Kok.
XingChiTether is biting back on The Wall Street Journal for speculating that the company is under investigation by the U.S federal government.
XingChiTether and Ripple's exchange underscores stablecoin regulation challenges. Tether's CEO addresses FUD, emphasizing its vital role in emerging markets. Tether commits to compliance, blocking $1.3B in illicit transactions. Ripple's entry adds competition, elevating compliance importance.
Xu LinScarcity is a relative concept. Its emergence does not depend on the amount of demand or resources themselves, but on the comparison between the two. Scarcity occurs when resources are less than demand.
JinseFinanceJP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
BrianWe will help everyone quickly understand the logic of re-staking and LRT, and dig deeper into projects with lower market capitalization or that have not yet released tokens.
JinseFinanceBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXRevenue drawn away from ETH could result in lower staking yields.
BeincryptoThe issue of stablecoins not being stable enough has been mentioned by regulators many times. Regulators worry that the mushrooming of stablecoins, most of which are pegged to the U.S. dollar, may sow the seeds of instability in the overall financial market.
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