DPRK-Linked Hackers Swipe $180 Million in Digital Assets and 1,000 Credit Card Data
DPRK-linked hackers stole $180 million worth of digital assets in the first half of 2023 alone, local media reported. They also stole the data of about 1,000 credit cards. South Korea's National Intelligence Service (NIS) said that DPRK-linked hackers stole virtu ...
Hong Kong Securities and Futures Commission to Allow Retail Investors to Trade Cryptocurrencies from June 2023
According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...
G7 Supports Stricter Crypto Regulation and Global Regulatory Framework for Cryptoassets
This rule requires service providers to share customer data The FATF believes this will solve the problem of tax defaulters The bloc is expected to present a draft global regulatory framework for cryptoassets in June The Group of Seven (G7) met in Nii ...
South Korean MP’s Cryptocurrency Transactions Reported as Suspicious by Authorities
Financial Services of South Korea reported to the local prosecutor's office a series of suspicious cryptocurrency transactions made by an MP from the opposition party. Democratic Party of Korea representative Kim Nam-kuk allegedly withdre ...
Hong Kong Legislative Council Announces New Licensing System for Virtual Asset Providers
These are based on suggestions from market participants The authorities have received 150 appeals on the issue The Hong Kong Legislative Council will restart the crypto-trading market starting June 1. They have adopted a new licensing system (VASP) for virtual as ...
South Korea Introduces Strict Rules and Penalties for Cryptocurrency Market
Final work could be completed this year The country is introducing a set of rules and penalties for market participants South Korea's National Assembly has held its first round of reviews of digital asset legislation. This is a package of rules that regulates ...
South Korean Central Bank to Strengthen Control Over Cryptocurrency Industry
The South Korean Central Bank is taking steps to increase its oversight of virtual asset service providers (VASPs) and cryptocurrency issuers. To better monitor these entities, the Bank of Korea will now request transaction data from cryptocurrency exchanges, a move that has been approved by the ...
Nissan Files for Web3 and NFT-Related Trademarks: Plans to Develop Virtual Assets and Platform
Nissan, the well-known Japanese car manufacturer, has recently submitted four trademark applications pertaining to Web3, Non-Fungible Tokens (NFTs), and the Metaverse. Mike Kondoudis, an attorney licensed by the U.S. Patent and Trademark Office (USPTO), shared on Twitter that the pending applicat ...