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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…
Hong Kong Industry Leader Warns Against Misapplying Crypto Rules
The President of the Hong Kong Association of Securities and Futures Professionals (HKASFP), Chan Chi-wah, has voiced significant concerns regarding proposed regulatory changes for brokerage account registrations. The d…
South Korea Tax Agency to Hire Professional Crypto Custodians
The South Korean National Tax Service (NTS) has announced plans to transition the management of confiscated digital currencies to professional private custody providers. This strategic shift, scheduled to be implemented…
South Korea to Launch AI-Powered Crypto Tracking System by 2025
The National Tax Service (NTS) of South Korea has officially initiated a tender for the development of a "Virtual Asset Comprehensive Analysis System," a sophisticated platform designed to monitor and analyze digital as…
Pakistan Enacts Virtual Assets Act to Regulate Crypto Sector
The Pakistani Parliament has officially passed the Virtual Assets Act, marking a transformative shift in the nation's financial landscape. This legislative milestone establishes a comprehensive regulatory framework for …