Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating…
October 9, 2024 at 03:50 PM GST updated: October 9, 2024 at 12:50 PM 2 mins read News Cardano’s ADA enables Argentina’s first court-enforceable blockchain contract, marking a legal milestone for crypto. The ADA-backed loan contract complies with Argentine law, ensuring blockchain agreements can be legally enforced. Cardano’s blockchain transparency fosters trust, setting a precedent…
The UNODC urges Southeast Asia to ban unlicensed virtual asset providers to combat cyber fraud and organized crime. Southeast Asia, especially along the Mekong River over $18-37 billion in losses last year. The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asian countries to take strong measures against unlicensed virtual asset service…
Kraken has announced its acquisition of Coin Meester (BCM), one of the Netherlands’ oldest registered crypto brokers, according to a Sept. 24 statement. This move aims to strengthen Kraken’s presence in the Dutch market and also expand its business reach with virtual asset service provider (VASP) licenses in France and Poland. Brian Grahan, Kraken’s managing…
The VASPs operating in Dubai must secure a VARA license under the UAE’s new agreement. The agreement boosts oversight with shared supervision and penalties to enhance compliance. The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities…
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial…
South Korea’s major telecom and financial giants become shareholders in BitGo. Hana acquires 25% and SK Telecom secures 10% of BitGo’s shares. BitGo is currently obtaining a license as a VASP in South Korea. South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was…