India has secured the second spot globally in terms of cryptocurrency transaction volume, as revealed in a recent report by Chainalysis. Despite facing challenges related to tax laws, India has emerged as a significant player in the crypto market, surpassing the UK, Turkey, and Russia. According to Chainalysis, India has showcased remarkable grassroots adoption, with […]
Hong Kong authorities have arrested an internet celebrity for allegedly promoting the unlicensed cryptocurrency exchange known as JPEX. The arrest comes after more than 83 reports were filed against JPEX, resulting in an estimated loss of HK$34 million. The Securities and Futures Commission (SFC) has raised concerns about JPEX’s active promotion of its services without […]
Joseph Lubin, one of the co-founders of Ethereum and the CEO of ConsenSys, expressed confidence that the ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and various crypto firms will eventually find a resolution in favor of the crypto industry. He believes that U.S. regulators will come to recognize the alignment of […]
Member of the new Financial Services Authority (OJK) Board of Commissioners, Hasan Fawzi who oversees Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets, revealed that he is preparing and will launch a master plan related to the regulation and supervision of crypto assets. In a press conference for the inauguration of members of […]
Deputy Trade Minister Jerry Sambuaga explained that the government continues to encourage the development of the digital economy in Indonesia. One of them is through the development of a national crypto asset ecosystem, and later the regulation and supervision will be handed over to the Financial Services Authority (OJK). This was conveyed by the Deputy […]
Japan will implement stricter anti-money laundering measures, including those recommended by the Financial Action Task Force (FATF). The decision was made by Japan’s cabinet on June 23, 2023 after the country’s anti-money laundering measures were deemed insufficient by global financial crime watchdog FATF. Reporting from CoinDesk, Friday (11/8/2023), in 2019, the FATF recommended rules called […]
Binance, the world’s largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador. In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP) by the National Commission […]
The Indonesian Supreme Court officially inaugurated Hasan Fawzi and Agusman as the Board of Commissioners (DK) of the Financial Services Authority (OJK) for the 2023-2028 period on Wednesday, 9 August 2023. Hasan officially filled the position of Chief Executive Supervisor in the realm of technological innovation in the financial sector, digital financial assets and crypto […]
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal is to litigate. And litigate more. And litigate more.” […]
The Futures and Commodity Trading Regulatory Agency (Bappebti) will inaugurate the Indonesian crypto exchange which is scheduled for July 2023. Bappebti head Didid Noordiatmoko said that once the exchange is launched, all crypto transactions can only be done through the exchange. “Yesterday we agreed on the stock exchange rules. So the know your customer (KYC) process and […]