Mon, November 25

UNODC Calls for Crackdown on Unlicensed VASPs in Southeast Asia

The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asian countries to take strong measures against unlicensed virtual asset service providers (VASPs) in a new report.  According to a 142-page page released on October 8,  the involvement of some VASPs in facilitating illegal transactions for cybercrime groups

October 8, 2024 2 mins read

UAE Boosts Virtual Asset Leadership with SCA and VARA

The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA).  The agreement was signed in September 2024 at the SCA’s Dubai

September 11, 2024 2 mins read

Nigeria SEC Tightens Crypto Regulatory Frameworks for Exchanges

Nigeria’s SEC has planned to take legal action against crypto exchanges and investors. Those who fail to abide by their regulatory frameworks. Nairametrics, a local Nigerian media has reported that Dr. Emomotimi Agama, the SEC Director-General is emphasizing that the committee is determined to protect investors. Similarly, in July, the

September 9, 2024 2 mins read

SK Telecom and Hana Financial Group Acquire Stakes in BitGo Korea

South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a

September 3, 2024 2 mins read

Seychelles Embraces Comprehensive Virtual Asset Regulation

The Seychelles National Assembly has approved the Virtual Asset Service Providers (VASP) Bill 2024, marking a significant step towards establishing a regulated environment for virtual assets. This legislation aims to align Seychelles with international standards, particularly those set by the Financial Action Task Force (FATF) while fostering an innovation-friendly financial

August 20, 2024 2 mins read

Dubai FinTech Summit concludes with over 8,000 visitors from 118 countries

The 2nd edition of Dubai FinTech Summit (DFS) organised by Dubai International Financial Centre (DIFC), under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, concluded with

May 14, 2024 8 mins read

Ouinex’s VASP Registration Marks a Milestone for European Expansion

Ouinex, the secure and high-speed digital asset trading platform, has obtained Virtual Asset Service Provider (VASP) registration from the Polish Financial Supervision Authority (KNF), the company announced in a press release. This achievement stands as a testament to Ouinex’s commitment to compliance and regulatory adherence in the ever-evolving digital asset

February 1, 2024 2 mins read