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Hong Kong accelerates crypto exchange licensing with four new approvals

Hong Kong has approved licenses for four more crypto exchanges, streamlining its licensing process to become a leading crypto hub amidst growing competition in the sector.

theblock.co • 19/12/2024 - 06:39 AM

ASIAN REGULATION

Hong Kong to speed up crypto licensing as competition intensifies

Hong Kong is accelerating its crypto licensing process, launching a consultative panel, regulating stablecoins, and proposing licenses for crypto custodians to strengthen its crypto hub status.

theblock.co • 11/12/2024 - 08:00 AM

ASIAN REGULATION

Analysts predict continued volatility in South Korean crypto markets as opposition seeks to impeach president

Following a military takeover announcement, South Korean President Yoon Suk-yeol faces impeachment urges from lawmakers and growing market volatility, particularly in cryptocurrencies.

theblock.co • 04/12/2024 - 10:21 AM

ASIAN REGULATION

South Korea’s short-lived military rule sparks record $34 billion in local crypto trade

South Korea's crypto trading volume hit $34 billion amid a brief martial law declaration by President Yoon, causing market volatility and potential treason charges from the opposition.

theblock.co • 04/12/2024 - 03:52 AM

Tron surges 80% in past day amid political unrest in South Korea

Tron's TRX token surged 80% influenced by South Korean political instability, trading dynamics, and market trends, raising questions about the nature of its rally amid Justin Sun's control over supply.

theblock.co • 04/12/2024 - 01:59 AM

ASIAN REGULATION

South Korea to postpone 20% crypto tax for the third time: report

South Korea’s left-wing Democratic Party agreed to push back taxation on crypto gains for another two years. The 20% levy on crypto income has already been postponed twice since 2021.

theblock.co • 02/12/2024 - 02:42 AM

The Daily: Human outwits Freysa AI agent to win $47,000, Hyperliquid token exceeds $5 billion FDV following airdrop and more

A human crypto user, known as “p0pular.eth,” outsmarted AI agent Freysa to win a $47,000 prize in ether by tricking it into misinterpreting its “approveTransfer” function. Hyperliquid airdropped 310 million HYPE tokens on Friday, which subsequently jumped 47% following the token generation event to $5.72, according to CoinGecko. Taiwan’s Financial Supervisory Commission is set to implement stricter anti-money laundering rules for crypto service providers on Nov. 30 — a month earlier than initially planned. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 29/11/2024 - 19:11 PM

ASIAN REGULATION

Taiwan fast-tracks stricter crypto AML rules to take effect Nov. 30

The new rules will require crypto service providers, including crypto exchanges, to complete AML compliance registration. Non-compliance may lead to penalties, including imprisonment for up to two years and a fine of up to NT$5 million ($153,700).

theblock.co • 29/11/2024 - 04:39 AM

ASIAN REGULATION

Crypto clampdown vs. blockchain ambitions: Can China reconcile its policies?

The Chinese government banned crypto trading, but it has long embraced other applications powered by blockchain technology. With the U.S. electing a pro-crypto president, could China reconsider its stance on crypto? What factors could come into play as China seeks to balance crypto regulation with blockchain innovation? This is a guest post written by Anderson Sima, Executive Editor of Foresight News.

theblock.co • 22/11/2024 - 11:14 AM

ASIAN REGULATION

China ousts former digital currency chief over alleged corruption involving crypto

Yao Qian, a former head of China’s central bank digital currency institute, has been expelled from the Chinese Communist Party for alleged corruption. Yao was an influential government figure in the country’s blockchain industry and was appointed as the first head of the central bank’s digital currency research institute.

theblock.co • 20/11/2024 - 09:47 AM

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