Crypto.com
Crypto.com Halts Its Launch in South Korea
Singapore-based crypto exchange Crypto.com has postponed its market entry into South Korea due to regulatory concerns. South Korea’s Financial Intelligence Unit (FIU), overseen by the Financial Services Commission (FSC), found Anti-Money Laundering (AML)-related problems in the data submitted by the exchange and launched an “emergency on-site inspection” to monitor the crypto.com’s activities. An official representing […]
Coinbase’s Derivatives Dilemma: FTX Europe’s Intriguing Twist
The aftermath of FTX’s bankruptcy in November of last year has led to intriguing developments in the industry. It has come to light that Coinbase briefly considered acquiring FTX Europe. The European unit of the failed exchange, as part of its ambitious expansion into the crypto derivatives market. Documents reveal that while acquisition talks never […]
Dubai Suspends Crypto Exchange BitOasis’ License
Dubai’s Virtual Assets Regulatory Authority (VARA) sent a market alert on July 10. The notice states crypto exchange BitOasis did not fulfil the mandate conditions in the timeframe set out by VARA. However, the regulator has taken enforcement action against the exchange. It suspended the exchange’s MVP license. Meanwhile, VARA has not disclosed those requirements. […]