On January 8, according to the "Korea Economic Daily" report, South Korean prosecutors have added charges against a woman in her 30s for allegedly operating an illegal cryptocurrency gambling website in Thailand. The new charges include concealing the proceeds of crime and false accusations. Between April 2018 and August 2021, the website she managed received more than 24,000 bitcoins (worth $2.30 billion) from users, including Koreans. The website gambled by predicting changes in bitcoin prices...
On January 5th, the Economic Daily wrote an article "Strict Characters to Cure and Manipulate the Market". The article pointed out that market supervision, communication management, financial supervision, public security and other departments should strengthen data connectivity and sharing, strengthen governance in key areas, and unblock the connection of punishment and execution. At the same time, make good use of big data, cloud computing, blockchain and other Internet technology means to accu...
On December 23rd, according to the Korea Financial Daily, South Korean lawmaker Choi Eun-seok proposed an amendment to the Foreign Exchange Trading Law, which aims to prevent foreign exchange crimes such as virtual asset money laundering. The amendment proposes to establish a virtual asset trading monitoring system, improve the institutional foundation of fintech foreign exchange services, improve the convenience of foreign exchange transactions for individuals and enterprises, and strengthen th...
According to an analysis published by the Hong Kong Economic Daily, bitcoin has broken up in recent days, and is expected to hit a new record high in speculation about the potential outcome of the US election. The correlation between bitcoin price and capital inflows is expected to rise further, and liquidity will become an increasingly large price driver. Bitcoin spot exchange funds, which saw a large influx of global funds into the US market last week, are betting on Trump's victory in the US ...
According to the Russian newspaper Kommersant, citing government regulations, the Russian government has reduced the proportion of forced foreign exchange sales by exporters in the domestic market from 50% to 25%.
According to the Korea Economic Daily, the Ministry of Economy and Finance of South Korea announced that it is considering measures to ensure the integrity of cross-border transactions involving virtual assets such as stablecoins. The ministry explained that stablecoins are mainly used for transactions within the cryptocurrency ecosystem, stressing that it has the potential to expand into the real economy as a cross-border transfer and transaction method. A government official said that the supe...
On September 9, the article said that as an important part of the financial industry, securities firms have the dual attributes of functionality and profitability, and profits must be subordinate to function. However, some institutions have deviations in their business philosophy, pursue profit maximization one-sidedly, and even ignore the long-term development of the company and the market for the short-term temptation of money. To correct such undesirable trends, securities firms also need to ...
Montenegro's Supreme Court Committee is due to decide by the end of this week whether to delay the extradition of Terraform Labs co-founder Do Kwon to South Korea, according to Montenegro daily Vijesti. The State Supreme Prosecutor's Office of Montenegro has requested the Supreme Court to review the legality of the ruling made by the Montenegro Court of Appeal and has proposed delaying its implementation. The Prosecutor's Office believes that the decision of the Court of Appeal violates the Law ...
According to a report by the Palestinian News Agency on the 1st, the Israeli army launched an airstrike on a school housing displaced people in Gaza City in the northern Gaza Strip that day, killing at least 15 people and injuring many others.