Nepal’s Financial Intelligence Unit (FIU) has raised alarms over the growing use of cryptocurrencies in cyber-related frauds despite an official ban on crypto trading. The FIU is a division of the Asian country’s central bank, Nepal Rastra Bank, and it focuses on monitoring and combating financial crimes such as money ...
South Korea's Financial Intelligence Unit (FIU) has reportedly launched an intensive review of Upbit's operations over alleged non-compliance with Know Your Customer (KYC) requirements. The regulator allegedly uncovered 500,000 to 600,000 cases where the country's largest cryptocurrency exchange might fallen short in its customer verification procedures, according to local media ...
India’s financial regulator may grant two foreign-based crypto exchanges approval to operate in the country by March 2025. According to a report by local media outlet Business Standard, the country’s Financial Intelligence Unit (FIU) is currently reviewing registration applications from four offshore cryptocurrency exchanges. While the specific platforms remain undisclosed, ...
Binance has resumed offering its services in India after a seven-month suspension due to regulatory issues. The exchange confirmed in an X post published today, August 15, 2024, that it has officially registered as a reporting entity with India's Financial Intelligence Unit (FIU). In January 2024, FIU blocked the website ...
