Asia Crypto Regulations

In the past five years, four trillion Korean won worth of fraudulent crypto transactions have been caught in South Korea.

WazirX is now in a position to continue its banking operations as usual.

The Thai SEC has accused Zipmex and its executives in its complaint.

The Reserve Bank Of India is looking to launch digital currency this year around November, as it is pilot testing

DBS wants to offer services to more of its 300,000 wealthy clients in Asia.

Ads will have to provide a balanced view of potential risk and returns.

It is not the first initiative South Korea have taken to establish a presence in the metaverse and web3 sector.

Japan’s Prime Minster Kishida seeks to double household wealth and support the country’s Web3-centered businesses.

Ravi Menon said the bank might add frictions on retail access to cryptocurrencies.

The central bank of Korea aims to support small businesses by applying minimum regulations for user protection to utility tokens.

So far, 13 people have been arrested, and more than 20 crypto-related businesses have been shut down in Herat.

Crypto assets tax review for 2023 is being considered strongly in Japan to prevent the overseas outflow of crypto business.

AABB’s Mine-to-Token vertical integration operational approach strives toward complete independence from FIAT currency.

Tranglo said that Arab Gulf is a crucial region for the cross-border payments industry.

Seven large domestic securities companies have applied for a virtual asset exchange in 2023.

India also plans to launch a Web 3.0 regulatory sandbox soon to allow startups to build solutions around tokenization.

The tax authorities of Korea may start charging capital gain on virtual assets from 2025.

The virtual asset seizure pilot project was a successful experiment in Korea.

Businesses are suspected to exploit the difference in cryptocurrency prices between South Korean and overseas exchanges to make profit.

Dubai is continuing to be ahead in blockchain adoption.