ASIA|BUSINESS|EXCHANGE|FIAT|REGULATION Updates
$15m crypto laundering operation busted in Hong Kong
Hong Kong authorities have successfully busted a cross-border crypto laundering network that allegedly processed approximately HK$118 million (US$15 million) in illicit funds. The enforcement action r...
UK overtakes China as second-biggest holder of US Treasurys with $780 billion
The UK now holds $779.3 billion in US Treasurys, pushing past China’s $759.0 billion and taking second place among foreign holders of American government debt, according to the March update from the U...
South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector
South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed. South Korea’s Financial Post reported that ...
Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation?
Key Takeaways: By establishing a dedicated Digital Asset Committee, the Democratic Party is making crypto regulation a defining issue in South Korea’s upcoming presidential election. The committee inc...
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