The head financial regulator in South Korea is proposing a new amendment to the credit financing regulations that would make it illegal for residents to use credit cards to purchase cryptocurrencies. The Financial Services Commission (FSC) is concerned about potential money laundering and illicit outflows associated with South Korean nationals buying crypto from foreign exchanges. […]
Gamma Strategies, an Ethereum-based liquidity management protocol, has experienced a significant exploit resulting in the loss of $3.4 million in digital assets. The attack was detected by blockchain security firm PeckShield, who initially estimated the losses to be around $469,000 but later confirmed the higher amount. The attacker had already transferred $2.2 million to a […]
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These expansions are aimed at leveraging the bank’s close relationship with Switzerland and Europe to strengthen its presence in the market.According to a press release, the LLB branches in Germany began operations in January 2024 with a team […]
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These locations were chosen to strengthen the bank’s close relationship with Switzerland and Europe.According to a press release, the LLB branches in Munich, Frankfurt, and Düsseldorf officially opened in January 2024 with a total of 20 employees. The […]
Huobi Korea, a leading virtual asset exchange, has announced the termination of its local virtual asset trading services. The decision comes as part of the exchange’s strategic move to adapt to the changing market dynamics and improve its overall offerings. The termination is scheduled for January 29, reflecting concerns about the current industry environment.In addition […]
The Financial Services Commission (FSC) in South Korea has proposed a ban on citizens purchasing cryptocurrencies using credit cards. The FSC aims to limit crypto trading on foreign exchanges and address concerns over illegal outflows of domestic funds, money laundering, speculation, and encouraging speculative activities. The proposed amendment seeks to restrict local crypto traders from […]
A recent survey conducted among employees of a major Swiss bank suggests that nearly half of the combined workforce of UBS and Credit Suisse are concerned about their job security. According to the survey conducted by “Efinancialcareers” at the end of 2023, 43.2% of UBS bankers expressed fear of losing their jobs, making them second […]
The Swiss bank UBS is making a significant move to strengthen its market position in the Middle East. It has appointed a new leadership team for its investment banking division in the region. This move is seen as a clear indication of UBS’s ambitions in the Middle East.According to a report from Bloomberg, UBS has […]
Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
South Korea’s Financial Services Commission (FSC) is proposing changes to the country’s credit finance laws that would prohibit local citizens from using credit cards to purchase cryptocurrency. The FSC expressed concerns about potential illegal outflows and money laundering associated with South Korean citizens buying cryptocurrency from foreign exchanges.The current laws in South Korea only allow […]
