Page 5 - Virtual Asset News Today

Despite launching aggressive no-fee marketing campaigns, Koreas crypto exchanges Bithumb, Korbit and GOPAX have failed to see significant results.

Koreas cryptocurrency exchange Bithumb has taken the unprecedented step among the nations top exchanges to waive all transaction fees. This strategic move is viewed as Bithumbs attempt to significantly increase its market share in a domestic landscape largely dominated by Upbit.

In our previous alerts (Part I and Part II), we provided a brief overview of the new Dual Licensing Regime and highlighted some of the key aspects of the new regime, particularly those...

More than 10 trillion won ($7.4 billion) has been channeled into illegal foreign exchange transactions over the past five years amid rising public interest in cryptocurrency transactions. Capitalizing on the price discrepancy between the domestic and foreign markets, individuals were found to have purchased cryptocurrencies from overseas markets and resold them in the domestic market for a profit.

Counterfeit cryptocurrencies were sold as genuine assets on Upbit, Koreas largest crypto exchange. After an internal review, Upbit is now working to bring those back.

The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in cryptocurrencies, casting a shadow over Hong Kong's ambitions to become a global virtual asset hub. The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual asset compan...

New FAQS Complementary to FAQs on Investment in Virtual Assets - Further to the general publications by the Financial Sector Supervisory Commission (CSSF) in 2020 and 2021 and two sets...

International crypto event TOKEN2049 highlights India's crucial role in crypto legalisation

Approaches and developments - The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre...

The NFT 2023 Seoul Conference on Friday focused the connection between non-fungible tokens (NFTs) and Web3 infrastructure as well as the role of Security Token Offerings in fundraising. Patrick Yoon from cryptocurrency exchange company Crypto.com Korea opened the sessions by talking about the the growth trajectory Web3. He predicted a $50 trillion-$60 trillion Web3 valuation by 2030, with NFTs poised to claim 10 to 1...