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Coinbase is in talks with India's Financial Intelligence Unit (FIU) to re-enter the Indian market after suspending operations for more than a year. Previously, Binance had resumed operations in India after registering with FIU in August 2024, setting a precedent for overseas crypto exchanges to enter the Indian market in compliance. Coinbase briefly launched its India business in 2022, but services were suspended for three days after the National Payments Corporation of India (NPCI) refused to r...
According to the registration status of virtual asset companies released by the Financial Information Analysis Unit (FIU) under the Financial Commission of Korea, the total number of virtual asset companies in South Korea is 31. Of the 42 companies previously registered, 11 were removed from the list, including Gdac, Probit, Huobi Korea and others.
India's Financial Intelligence Unit (FIU-IND) has fined cryptocurrency exchange Bybit 927 million rupees (about $1.06 million) and banned its website for violating anti-money laundering regulations. Bybit is understood to be operating in India without obtaining the necessary registration formalities. FIU-IND took this action after finding multiple compliance violations.
Nepal's Financial Intelligence Unit (FIU) has found that cryptocurrencies are still widely used to plot cyber fraud despite an official ban on trading digital assets. The FIU is a specialized unit of Nepal's central bank, the National Bank of Nepal, that monitors and combats financial fraud, including money laundering and terrorist financing. The Financial Intelligence Unit (FIU), in its Strategic Analysis Report published on November 18, noted an increase in the use of cryptocurrencies by crimi...
The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has approved the registration of virtual asset service providers (VASPs) for the first time in a year. Entities approved for registration include virtual asset infrastructure firm DSRV and crypto asset custodian BDACS. DSRV submitted its registration application in October 2023 and was approved approximately one year later, while BDACS submitted its application in February 2024 and was approved approximately six...
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