Despite plenty of allegations and criminal charges put forth by many crypto-regulated nations all over the world, Binance now starts a new strategy by withdrawing itself from those countries. Upon such countries, last week Binance announced its shutting down in Italy, Germany, and the Netherlands. Adding to the list, now
Money laundering is nothing new and in recent years money laundering through digital currencies has been the new trend. Accordingly, Hong Kong customs have arrested about 4 persons for money laundering through cryptocurrencies. Operation Coin Breaker A group of about four persons were arrested by the Hong Kong customs for
Crypto Exchanges in Hong Kong will allow services to only professional investors. FSTB has been consulting on proposed changes to the current “opt in” system. Investors must hold portfolios worth HK $8M to qualify for professional investor status. Hong Kong-based crypto exchanges have to obtain licenses from the territory’s markets
