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South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

The Ministry of Justice in South Korea, through a Government Business Report released on Jan. 26, announced the primer of a ‘virtual currency tracking system’ to curb money laundering and recovery of proceeds of crime. Enforcement of the ‘virtual currency tracking system’ The ‘virtual currency tracking system’ will enhance the monitoring of digital transactions, retrieve […]
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China

Former PBOC member criticizes China’s ban on crypto

Huang Yiping, a former monetary policy member of the People’s Bank Of China (PBoC), has expressed concerns about China missing out on financial development opportunities following the nation’s ban on cryptocurrencies.  Cryptocurrency adoption linked to development opportunities, says ex-PBoC member  While the PBoC had reasons to ban virtual currency activities, Yiping notes that the central […]
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US Regulations 1

Chad Pergram wants more regulation on cryptocurrencies

In a recent interview with Fox News, Chad Pegram, Senior congressional correspondent, said cryptocurrencies are less regulated than other assets.  The new committee for crypto regulation The federal lawmakers’ attempt to regulate cryptocurrency now has the House setting up a new subcommittee on digital assets, financial technology, and inclusion to assist in drafting relevant policies. The […]
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1671595098 FTX generic 2

Sam Bankman-Fried’s defense moves to remove restrictions on FTX assets

On Jan. 28, Sam Bankman-Fried’s legal representatives filed paperwork to have a restriction lifted that currently prohibits the former CEO from accessing FTX’s funds.  Bankman-Fried’s legal team argues for lifting restrictions Bankman-Fried’s legal team argues that bail conditions prohibiting him from accessing or transferring any assets related to FTX or Alameda Research, the trading wing associated with […]
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Crypto Regulations international version non US countries

White House wants Congress to “step up its efforts” on crypto regulations

On Friday, the Biden administration asked the United States Congress to expand regulators’ authority in policing the crypto industry. Four senior White House officials published a statement titled ‘The Administrations Roadmap to Mitigate Cryptocurrencies’ Risks.’ It urged Congress to “step up its efforts” in crypto market regulations.  Contents of the statement The administration’s primary focus is to […]
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