Places Asia

Hong Kong SFC caution investors about fake crypto sites mimicking licensed exchanges.

Singapore's MAS has granted licenses to major crypto firms, including Coinbase, BitGo, and others during the past year.

Do Kwon's lawyers are not seeking an adjournment and the trial is expected to proceed as scheduled.

Hong Kong SFC has received seven new applications for licensing from several firms, including HTX, after warning that unlicensed platforms would be shutdown.

Users of the exchange have been unable to access funds or customer support for 3 days.

The timeline for his extradition is unclear and could take several weeks or months to finalize.

The initiative aims to foster innovation while ensuring robust consumer protection within the burgeoning field of tokenization

The decision aligns with the government and legislative consensus to prioritize regulatory groundwork before enforcing taxation on virtual assets.

The bill is part of a broader legislative proposal aimed at enhancing Japan's industrial competitiveness.

The financial regulator said these measures would "strengthen users' protection" against such illegal activities.

The Philippines central bank intends to launch a wholesale CBDC that will not employ blockchain technology.

The initiative is part of South Korea's effort to bolster financial oversight and consumer protection in the fast-evolving digital asset industry.

The scammers are reportedly pretending to be a legitimate virtual asset trading platform (VATP) and luring unsuspecting victims into participating in what appears to be a crypto investment scam.

Criminal gains over $40 million could lead to life imprisonment under new laws set for July.

Local media reports arrests as execs claimed to take advantage of 'inefficiencies' in the market, HaruInvest halted withdrawals in 2023.

Under the new regulations, any alteration in the representative or executive positions within crypto businesses must be reported and approved before assuming the new role.

Do Kwon and Han Chang-joon were arrested last March for attempting to travel with fake documents.

Hacken reports blockchain security sees significant progress with a dramatic reduction in crypto hack losses in 2023.