Key Takeaways Upbit is facing potential suspension and fines due to AML and KYC violations. The Financial Intelligence Unit found 700,000 KYC procedure failures at Upbit. Upbit, which dominates South Korea’s crypto trading market, faces potential business suspension and fines due to violations of anti-money laundering (AML) regulations, particularly regarding its Know Your Customer (KYC) … Read more
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.
XRP’s rally to a seven-year high came amid the SEC’s latest filing to appeal a court ruling in its partially unsuccessful case against Ripple Labs.
South Korea’s regulator is about to suspend Upbit’s operations, citing the exchange’s failure to properly implement KYC processes. South Korea‘s financial regulator, the Financial Intelligence Unit, has notified Upbit, the country’s largest crypto exchange, of a potential suspension over violations of the KYC requirements and AML obligations, the Maeil Business Newspaper has learned. The report … Read more
Nubank, the largest Latam neobank, has announced the expansion of its USDC rewards program to all customers. This expansion follows a phased rollout announced in May, which opened access to dollar-based stablecoins in Brazil. Nubank Opens Access to USDC Rewards Program Nubank, one of the biggest companies in Latin America and the largest neobank in … Read more
Vladimir Putin is making a new warning from BRICS to the United States: a NEW central-backed digital currency or CBDC sponsored by Russia and China aimed to take down the US dollar. With the US presidential inauguration only days away, Putin and Chinese President Xi Jinping are directly challenging the dollar. Today, we want to … Read more
Nvidia (NASDAQ: NVDA) remains a focal point for investors as DA Davidson analyst Gil Luria maintains a ‘Neutral’ rating on the stock with a price target of $135, reflecting a reserved stance amidst ongoing optimism for the chipmaker. In his latest commentary, Luria revisited the basis of his neutral outlook, which he first issued a year ago. … Read more
The Ronin Network has introduced a $10 million grant program to boost blockchain development, focusing on gaming, consumer DApps and DeFi protocols.
USD/CAD regains positive traction on Thursday and draws support from a combination of factors. Retreating Oil prices undermines the Loonie and acts as a tailwind amid reviving USD demand. Traders now look to the US monthly Retail Sales and Jobless Claims data for short-term impetus. The USD/CAD pair builds on the overnight bounce from the … Read more
South Korean authorities have indicted suspects for unfair crypto trading involving artificial price inflation and subsequent token dumping, known as a pump and dump.