South Korea is joining a growing number of countries researching central bank digital currencies (CBDCs). The Bank of Korea (BOK), Financial Services Commission (FSC), and Financial Supervisory Service (FSS) announced a pilot project to explore the technical infrastructure for a digital currency. The project will assess the viability of a future monetary system based on […]
Ripple has achieved a major legal victory in Singapore, with the Monetary Authority of Singapore (MAS) granting the company a license to operate as a digital payment token services provider. This development has opened the door for Ripple to expand its operations across the Asia Pacific region.The news has been well-received by the cryptocurrency community, […]
Binance has announced the discontinuation of borrowing and lending services for its native stablecoin, Binance USD (BUSD). The move is part of a phased termination of BUSD-related services, culminating in a complete cessation expected by February 2024. All outstanding BUSD loan and collateral positions will be closed by the end of October 2023.Users who have […]
Ripple’s XRP token saw a 5% surge in value, reaching $0.53018, following the company’s significant victories during the reporting period. Ripple’s subsidiary, Ripple Markets APAC Pte Ltd, secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token services in the country. Additionally, Judge Analisa Torres rejected […]
Binance, the crypto exchange giant, has teamed up with the Royal Thai Police and other international law enforcement agencies to take down a massive crypto scam that defrauded thousands of victims. The operation, codenamed “Trust No One”, resulted in the arrest of five key syndicate members and the seizure of $277 million worth of assets. […]
The Asia Pacific region is emerging as a crypto powerhouse, with Hong Kong recently opening its doors to crypto trading and Vietnam and India being crowned the top crypto adopters in 2022. For companies eager to enter these booming markets, bulletproof KYC processes and localized onboarding experiences are essential. Checkin.com stands out in this endeavour, […]
Ripple has been granted a full license by the Monetary Authority of Singapore (MAS) to operate as a major payments institution in the country. This license allows Ripple to provide digital payment token services, joining a list of 14 others given the same license by MAS. Ripple has had its Asia Pacific headquarters in Singapore […]
Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and the US Department of Homeland Security, Binance provided crucial intelligence that led to the […]
Binance, a crypto exchange, has recently joined forces with the Royal Thai Police in an investigation that led to the arrest of several suspects behind fraudulent activities. The investigation was assisted by Binance, the Cyber Crime Investigation Bureau (CCIB), and the US Homeland Security Investigation (HIS). The law enforcement agencies and the crypto exchange managed […]
Binance, the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police, and the United States Homeland Security Investigation (HSI) have collaborated to take down a crime ring responsible for conducting a pig butchering crypto scam in Thailand. The operation, code-named “Trust No One,” led to the arrest of five alleged key syndicate members and […]
