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South Korea Taps Private Custodians to Manage Seized Crypto Assets
The South Korean National Tax Service (NTS) has officially launched a pilot program to entrust the management and safekeeping of seized virtual assets to private cryptocurrency custodians. This initiative marks a signif…
South Korea to Implement Virtual Asset Tax on January 1, 2025
The South Korean government has officially confirmed its intention to proceed with the taxation of digital assets starting January 1, 2025. During a recent emergency discussion meeting, Moon Kyung-ho, the head of the in…
South Korea Moves to Tighten Crypto Foreign Exchange Regulations
The South Korean National Assembly’s Legislation and Judiciary Committee has officially passed an amendment to the Foreign Exchange Transactions Act, marking a significant shift in the country's oversight of digital ass…
Amber Premium Secures VASP License from Dubai’s VARA Authority
Amber International Holding Limited (NASDAQ: AMBR) has announced a significant regulatory milestone for its Middle Eastern operations. Its subsidiary, Amber Premium FZE, has been officially granted a Virtual Asset Servi…
South Korean Virtual Asset Complaints Surge by 1,000% in 2025
The South Korean Financial Supervisory Service (FSS) has released its "2025 Financial Complaint and Financial Consultation Trends" report, revealing a significant spike in grievances related to digital assets. According…
Pakistan Central Bank Ends 2018 Crypto Ban for Licensed VASPs
The State Bank of Pakistan (SBP) has officially authorized domestic banking institutions to provide services to licensed virtual asset service providers (VASPs), effectively reversing a restrictive policy maintained sin…
South Korea Proposes Independent Virtual Asset Market Regulator
A significant legislative shift is underway in South Korea as lawmakers seek to overhaul the oversight of the digital finance sector. Kim Nam-geun, a representative of the Democratic Party, has formally proposed an amen…
Hong Kong Police Charge 10 More Suspects in JPEX Crypto Fraud Case
The Hong Kong Police Force's Commercial Crime Bureau has significantly advanced its investigation into the JPEX virtual asset trading platform by initiating new legal proceedings against ten individuals. According to re…
Alchemy Pay Secures SFC Type 1 License Upgrade for Hong Kong Assets
Alchemy Pay, a leading fiat-to-crypto payment provider, has officially announced the completion of its Type 1 license upgrade with the Hong Kong Securities and Futures Commission (SFC). Partnering with licensed institut…
South Korea’s Daegu City to Seize Crypto Assets from Tax Evaders
The municipal government of Daegu, South Korea, has announced an intensive campaign aimed at recovering local tax arrears and uncovering hidden wealth. According to reports from the Yonhap News Agency, authorities are s…