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South Korean regulators have delayed plans to tax virtual assets until 2023 amid pressure from the opposition.
cryptocurrency, regulation, digital assets, blockchain, virtual asset
China’s central bank’s AML office has announced plans for a tracking system for the virtual assets, such as cryptocurrencies and NFTs, for cracking down on virtual-related crimes.
AML, central bank, virtual asset, cryptocurrency
China has rounded up more than 1,100 suspects and dismantled over 170 criminal groups believed to have used cryptocurrency to provide money transfer and laundering services for telenetwork scams.
cryptocurrency, cryptocurrency exchange, online fraud, virtual asset
NFTs (Non-Fungible Tokens) market cap has experienced a CAGR of 187% from 2018 to 2020, with USD 55 million in revenue for 2020.
digital assets, blockchain, Token, virtual asset, distributed ledger technology
The Financial Services Commission (FSC) has announced that South Korea’s anti-money laundering safeguards for cryptocurrency businesses will come into effect on 25 March 2021.
cryptocurrency, cryptocurrency exchange, money laundering, AML, virtual asset, regulation