Thai immigration officials have uncovered a cross-border cryptocurrency scam that defrauded a local woman of more than $620,000. As reported by the local news outlet Khaosod, five suspects have been arrested in connection with the scheme. These individuals, hailing from Cambodia, Myanmar, and Thailand, allegedly created a fraudulent investment group ...
OKX has named UK’s banking giant Standard Chartered as the third-party custodian for its services aimed at global institutional clients. According to the crypto exchange's Global Chief Commercial Officer Lennix Lai, this collaboration will enhance OKX's institutional services by connecting it with diverse markets worldwide through Standard Chartered's extensive cross-border ...
Sequoia Capital and several other venture capital (VC) firms are reportedly set to generate hundreds of millions of dollars in returns from Stripe's recent acquisition of the stablecoin infrastructure platform Bridge. According to Bloomberg, Sequoia holds a 16% stake in Bridge after an initial investment of $19 million in the ...
Hong Kong’s digital bank, ZA Bank, has started a sandbox trial for its new virtual asset trading service for select retail customers. In an October 29 press release, the bank highlighted the growing demand for virtual assets in Hong Kong, referencing a recent market study that found 75% of local ...
Hong Kong plans to expand its current tax concessions on privately offered funds and family offices to include cryptocurrency investments. During his speech at Hong Kong Fintech Week on October 28, Christopher Hui, Secretary for Financial Services and the Treasury, announced that by the end of the year, the government ...
Bitstamp has received a MiFID Multilateral Trading Facility (MTF) licence from Slovenia's Securities Market Agency, enabling it to offer crypto derivatives products such as perpetual swaps in the European Union. The Markets in Financial Instruments Directive (MiFID) governs traditional financial markets across the EU, covering assets like stocks, securities, and ...
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 ...
The Dutch Ministry of Finance has opened a consultation process on its proposed regulatory framework to tighten crypto tax rules and improve transparency in digital asset ownership. It announced that feedback from crypto service providers, citizens, and other relevant stakeholders would be welcomed until November 21, 2024. The proposed legislation, ...
In 2024 so far, over a dozen cryptocurrency exchanges in South Korea either shut down or paused their operations, leaving nearly 34,000 users with unclaimed assets totalling 17.8 billion won (approximately $13 million), according to a new report from The Korean Times. These unclaimed assets allegedly amount to over 1.41 ...
Denmark's Tax Law Council has proposed a bill that could impose taxes on unrealized gains and losses for cryptocurrency assets held by Danish investors, potentially starting in 2026. In its comprehensive 93-page report on crypto asset taxation, the council suggested that all crypto assets should be governed by the same ...
