Coin Cafe Faces $4.3 Million Compensation Demand for Alleged Hidden Fees
The New York Attorney General's Office is demanding that cryptocurrency platform Coin Cafe pay users $4.3 million in compensation for hidden fees that were charged for bitcoin storage. The New York attorney general's office alleges that Coin Cafe charged users exorbitant ...
Hong Kong Launches e-HKD Pilot Program with Major Financial Players
The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...
South Korea Considers Inclusion of Cryptocurrencies in Asset Declaration
Government officials in the Republic of Korea believe it is necessary to add cryptocurrencies to the list of assets to be declared by the authorities. Prime Minister Han Duck-soo's initiative will be discussed soon by the country's parliament. ...
Taiwan passes legislation to create new department for digital assets regulation
The Taiwan Legislative Assembly has approved new legislative amendments that will allow the Taiwan Financial Services Commission (FSC) to establish a new department dedicated to handling digital assets. The new department will be created alongside the existing four divisions that oversee audit co ...
Australian Regulator to Introduce Daily Reporting for Banks on Crypto Investments
Amid the turbulence in the American banking sector, the Australian Prudential Regulation Authority (APRA) has announced plans to mandate daily reporting for domestic banks regarding their investments in startups and cryptocurrencies. As reported by the Australian Financial Review, APRA has issued ...
South Korea Considers Banning Staking “Services on Domestic Virtual Asset Exchanges”
South Korean financial authorities are exploring the possibility of implementing a ban on staking services offered by domestic virtual asset exchanges. They held a meeting in Seoul to discuss global trends in cryptocurrency regulation and plans to support and stabilize the national financial market ...