News with the tag "FIU"

Get ready for a major shake-up in the Indian cryptocurrency landscape! After a hiatus that felt like an eternity for many Indian crypto enthusiasts, global crypto exchange giant Coinbase is gearing up for a triumphant comeback. The latest buzz is that Coinbase has received a crucial nod from India’s...

The South Korean Financial Intelligence Unit has imposed a three-month ban on crypto deposits and withdrawals for new Upbit customers. The South Korean cryptocurrency exchange also emphasized that the ban “may be subject to change” via procedures in accordance with relevant regulations. Upbit iterat...

Bitcoin mining operations across the United States are stalled as thousands of mining rigs sit locked in customs warehouses due to a blacklist targeting Bitman, a major Chinese supplier that makes 90% of all Bitcoin mining rigs. The delays are hitting public mining companies, private companies, and ...

Coinbase reportedly plans to return to the Indian market this year. The company is said to have already contacted India’s regulators, such as the Financial Intelligence Unit. Coinbase entered the Indian market in 2022 before suspending its operations three days later. According to a Techcrunch repor...

Upbit and Bithumb have agreed to compensate their users with $2.5 million. The exchanges agreed to the compensation because of technical failures during the December martial law declaration. The 3.5 billion won payout is the largest digital asset compensation in South Korea’s crypto history. Last mo...

South Korea’s largest crypto exchange, Upbit, has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and Know-your-client (KYC) requirements. Upbit Faces Suspension Of Up To 6 Months On Thursday, the Maeil Business...

South Korea’s Financial Intelligence Unit (FIU) has issued a suspension notice to Upbit. The government accused the nation’s largest crypto exchange of violating Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. According to reports, the exchange has until January 20 to respond. ...

India is walking into 2025 like someone who just realized their house is built on quicksand. The global economy is changing, and the country’s biggest trade partners and investors are holding all the cards. If it doesn’t play this right, things could go downhill fast. The big shock? Donald Trump is ...

Upbit, the leading crypto exchange in South Korea, is being investigated by the country’s financial authorities over an alleged violation of Know-Your-Client (KYC) procedures. The probe comes amid the exchange’s license renewal process and a potential investigation for “anti-monopoly breaches.” Rela...

The U.S. Treasury Department has finalized a rule to tighten scrutiny on foreign property near military installations, which affects crypto mining. This comes after the United States president weighed in to stop a China-tied crypto operation near a nuclear missile base.