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China shuts 13 underground crypto trading apps, a year after ban

Regulators also targeted 23 crypto media websites and 440 bloggers.

Brazil police bust crypto group led by ‘Bitcoin Sheikh’

Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

Middle East & North Africa lead crypto adoption driven by inflation, remittance payments: Chainalysis

Emerging markets dominated the 2022 Global Crypto Adoption Index, with Latin America second in transaction volume growth.

What lies ahead for crypto in India

Binance in India – potential or problem?

Binance targets expansion in Philippines, Turkey, executive says

The world’s largest crypto exchange’s regional head of Asia says the Philippines’ GameFi community and rampant inflation in Turkey present opportunities for Binance.
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Temperatures rise over alleged Celsius withdrawals ahead of bankruptcy

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

China’s international blockchain push may face Huawei-like obstacles

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

How will the crypto tax debate play out in the UK?

Like many nations, the UK is formulating new rules and guidelines for crypto taxation. Will they help or hinder its crypto hub aspirations?

Dubai’s blockchain future

Dubai’s announcement of an Islamic Coin could turn the city into the next crypto promised land.

3 reasons crypto will spring back after Crypto Winter

The crypto market has been down for months, but the industry’s long-term future is brighter than ever, writes Guilhem Chaumont of Flowdesk. Here’s why.

Terraform cofounder Daniel Shin to testify in South Korean parliament

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

Cryptocurrency crowd shrugs off market woes at upbeat TOKEN2049 conference

In the first of a two-part report on this year’s cryptocurrency gathering in Singapore, defiance outshone defeatism despite industry’s struggles.

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.

Australia gears up for state-backed digital currency trials

Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

South Korea’s industrial city to reinvent itself in the metaverse

Changwon is the latest addition to South Korea’s growing list of cities seeking a presence in the metaverse, signaling the country’s adoption of Web3.

Is the Philippines on track to becoming a blockchain hub?

The Philippines now ranks 2nd in the world for crypto adoption, but its path ahead is unclear, writes Emman Navalan. What are the hurdles it must overcome?

California governor vetoes bill requiring crypto-related businesses to obtain special license

A bill that proposed a regulatory and licensing framework for crypto companies was rejected by Gov. Gavin Newsom amid a broader national debate concerning the policing of digital assets.

Interpol issues red notice for Do Kwon, says South Korean prosecutor

South Korea is pursuing different options to get custody of Do Kwon as the Terraform Labs CEO faces charges for his alleged involvement in the multibillion collapse of the Terra-LUNA stablecoin project.

South Korea’s Busan city wants to be blockchain central. Did everyone get the memo?

The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.

U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for Innovation

Linda Jeng, chief regulatory officer and general counsel at the Crypto Council for Innovation said the U.S. has seen the writing on the wall and is expanding the conversation about cryptocurrency, in comments at Forkast’s “Crypto Rising: CBDCs & Stablecoins: The Asia Perspective.”

Philippine central bank sees stablecoins as key to make payments more efficient

Bangko Sentral ng Pilipinas (BSP) Director Mhel Plabasan said the central bank has adopted a flexible approach on the digital assets.

‘Act smart, but act fast’: Industry experts say there’s no time to waste addressing stablecoins, CBDCs in Asia

Panelists at Forkast’s “Crypto Rising: CBDCs & Stablecoins: The Asia Perspective,” co-hosted by the Crypto Council for Innovation (CCI), said tackling the technology requires international cooperation and flexibility to not stifle innovation.

Girl group AKB48’s producer to launch metaverse idol; IEO in the works

J-pop is increasing ties with immersive metaverse technology, with Japan’s top record producer Akimoto recently announcing his ambitious virtual idol project.

South Korea unlikely to push out crypto regulation before the U.S., authority says

South Korea’s top financial watchdog Monday said it is difficult for the country to establish laws overseeing the cryptocurrency industry in the country ahead of a common global regulatory framework as cross-border enforcement would be a key determinant of effectiveness.

Australia Senator says China’s CBDC may threaten national security

Amid the worsening relationship with China, one Australian Senator is trying to address possible national security concerns that may arise from Beijing’s Central Bank Digital Currency project.

If the UK wants to become a crypto hub, it must do better

Britain’s internal divisions could thwart its crypt ambitions, writes Nick Saponaro of Divi Labs. Will it be eclipsed by crypto-friendly Dubai?

FastForkast headlines

Crypto exchange Huobi Global announces advisory board

RBI to begin CBDC pilots, outlines wholesale, retail concepts

Malaysia to get its own national public blockchain

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

EU Council approves MiCA text for crypto regulation

Binance gets nod to operate in Kazakhstan

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

Singapore’s central bank says illegal crypto operations will be hunted down

Aussie laundered stolen retirement funds via Hong Kong using crypto, diamonds

South Korea makes first arrest in Terra-LUNA investigation

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

S.Korea financial regulator restates support for blockchain, crypto protections

Terra CEO Do Kwon to lose his passport within a month

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

European Parliament calls for crypto asset taxation, blockchain tax innovation

Asus launches NFT platform to plug into Web 3.0

Japan’s PM announces NFT and metaverse expansion

Dunamu, BTS’ Hybe launch first K-pop digital collectibles platform

Coinbase says it resolved glitch that blocked trades from U.S. bank accounts

India’s ED freezes more crypto in E-Nuggets money laundering case

Binance sets up shop in New Zealand in global push

XRP price surges after U.S. court rejects SEC objection in Ripple lawsuit

India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud

Busan taps K-pop metaverse to win 2030 World Expo bid

Hong Kong seeks suitable use case to sell public on retail CBDC: report

India ED freezes US$1.57 mln in crypto allegedly laundered through WazirX, Binance

Russia said to consider digital ruble settlements with China

Japan plans new crypto transfer rules to combat money laundering

Upbit exchange to use LUNC fees to set up crypto monitoring center

South Korea’s crypto market capitalization drops 58%; user numbers rise

DBS offers self-directed trading for accredited investors

Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’

Coinbase gets nod from Dutch central bank to offer crypto services

UK bill allows law enforcement to ‘seize, freeze, recover’ crypto assets

Gansu Province warns no crypto mining within national data centers

Japanese banking giant Nomura’s crypto unit to be based in Switzerland

Binance taps ex-U.S. senator Max Baucus to chair global advisory board

South Korea seizes US$184 mln in crypto towards unpaid taxes

Bitcoin recovers from steep drop after Fed hikes rates by 75 basis points

India’s finance minister sees 46% growth in blockchain technology use in next few years

China says blockchain patent applications make up 84% of world’s total

India’s CoinDCX Twitter handle hacked to peddle XRP

Hong Kong needs at least two years to build wholesale CBDC: HKMA

South Korea and Meta to ramp up metaverse safety