Day: 25 October 2024

South Korea to Tighten Cross-Border Crypto Monitoring to Combat Tax Evasion and Currency Manipulation — Finance Minister

South Korea is taking steps to tighten its monitoring of cross-border cryptocurrency transactions in order to prevent tax evasion and address foreign exchange crimes. Finance Minister Choi Sang-Mok revealed this at a G20 meeting in Washington. According to a report from local news outlet Edaily, Choi stated that the country ...

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Chiliz’s Socios.com Secures Regulatory Approval in Malta to Provide Digital Asset Services

Chiliz has announced that its sports-centric blockchain platform, Socios.com, has received in-principle approval for a Class 3 Virtual Financial Assets Act (VFAA) license from the Malta Financial Services Authority (MFSA). This license will allow Socios.com to offer digital asset services, including holding and controlling client assets, while functioning as a ...

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Thailand’s Crypto Market is Shifting From Retail to Institutional Investment — Binance Thailand CEO

Thailand's cryptocurrency landscape is undergoing a significant transition as it pivots from retail to institutional investments, according to Nirun Fuwattananukul, CEO of Binance Thailand. In an opinion piece recently published by the Bangok Times, Fuwattananukul noted that this shift marks a step forward for Thailand's role in the digital asset ...

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