Police in South Korea said the 25 processed $72,000 in illegal BTC trades throughout 2021 on OTC trading platforms, violating the country’s foreign exchange laws.
The principles issued by the FSRA hint toward innovation in the digital asset sector, and on top of its list is to create a framework aligned with the practices of international financial services.
Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now use PayPal’s digital asset service to pay taxes.
Following the receipt of the license, SBI Digital Markets plans to create a digital asset securities platform to help operators in traditional finance transition to Web 3.
The so-called Bitcoin Pharaoh was arrested in August last year for defrauding over 27,000 Brazilians in a pyramid scheme that promised guaranteed 10% monthly returns.