Articles tagged with "Financial Intelligence Unit"
South Korea has approved new crypto licensing rules that give the FIU more say over exchange approvals, shareholder vetting, and conditional licenses. It’s a tighter compliance net, not a crypto ban — but for shady operators, the party’s over.
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South Korea is moving to give its FIU direct authority to investigate unregistered crypto firms, especially offshore operators that have dodged enforcement. The push comes as referrals stalled, exchanges face tougher reporting rules, and Seoul tightens oversight without trying to choke crypto outright.
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BitGo Korea has secured VASP registration in South Korea just as new crypto rules raise the bar on ownership, capital, and compliance. The approval opens the door to institutional custody and transfer services, not a retail exchange, in one of Asia’s strictest markets.
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South Korea has approved an early regulatory filing tied to Mirae Asset’s planned move on Korbit, but the acquisition is far from finished. More approvals are still needed, and the deal’s structure shows how traditional finance keeps pushing into crypto through the side door.
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India’s New Crypto KYC Rules: Stricter Regulations Hit Bitcoin and Altcoin Users India has just dropped a regulatory bombshell on the cryptocurrency scene. The Financial Intelligence Unit (FIU) has unveiled a set of stringent Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) rules that aim to stamp out anonymous accounts and illicit financial flows. While the intent is […]
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India’s Crypto Crackdown: 49 Exchanges Register as Unregulated Platforms Persist India is tightening the screws on the cryptocurrency sector, aiming to stamp out illicit financial activities while wrestling with a sprawling, often shadowy market. In the 2024-25 fiscal year, 49 exchanges have registered with the Financial Intelligence Unit (FIU), bowing to strict anti-money laundering rules. […]
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