Category: Banks



Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated


Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider ImplicatedThe scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities to investigate Suex’s connections with financial companies […]


10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline


10 Crypto Exchanges File for Registration With Korean Regulators Ahead of DeadlineCryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is […]









Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks


Major Korean Exchanges Secure Real-Name Account Arrangements With Local BanksLeading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept. 24 compliance deadline. Bithumb, Coinone and Korbit Maintain Partnerships With Korean Banks Banks have […]







IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks


IRS Agent Poses as Bitcoin Trader Called 'Mr. Coins,' Biden's IRS Wants 'Outflow and Inflow' Data From BanksOver the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains […]




Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance


Chinese Banks Seek New Applications for Digital Yuan in Investment and InsuranceTwo Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction […]