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Fire will be banned by the Malaysian government!

The Malaysian Securities Regulatory Commission (SC) announced that it has taken enforcement action against Huobi Global and its CEO, Leon Li, accusing it of illegally operating a digital asset exchange (DAX) in Malaysia and ordering the company Horse operations ceased immediately. The Malaysian Securities Regulatory Commission issued a statement today (22nd), publicly condemning Huobi and …

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The valuation looks at $1 billion! Hong Kong HashKey is seeking US$100-200 million in financing

According to “Bloomberg” report, cryptocurrency investment company HashKey Group intends to take advantage of the Hong Kong government’s determination to develop the virtual asset ecosystem and raise funds of US$100 million to US$200 million at a valuation of more than US$1 billion. Founded in 2018, HashKey is the only cryptocurrency exchange in Hong Kong that …

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Crack down on cryptocurrency crime! The U.S. Department of Justice says it will “enhance scrutiny” of exchanges

According to a report by the Financial Times on May 15, the National Cryptocurrency Enforcement Team (NCET) under the U.S. Department of Justice (DOJ) is stepping up scrutiny of cryptocurrency exchanges to crack down on illegal behavior on these platforms. Eun Young Choi, director of NCET, said that the U.S. Department of Justice is now …

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Hong Kong regulates cryptocurrency industry ‘will never be soft’

Yu Weiwen, President of the Hong Kong Monetary Authority, said today (9) that although the Hong Kong government has promised to develop the cryptocurrency industry in a sustainable manner, it will “never be soft” in terms of regulation. Cryptocurrency companies that want to establish a foothold in Hong Kong should not take it lightly . …

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Holding 800,000 WEMIX proposals to “delay cryptocurrency taxation”!

Kim Nam-kuk, a lawmaker from South Korea’s main opposition Democratic Party (DP), has sparked controversy for previously not disclosing that he held and traded 6 billion won ($4.5 million) worth of cryptocurrencies in early 2022, but he has denied any misconduct. It is reported that Kim Nam-kuk proposed a bill to postpone the taxation of …

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Former U.S. SEC official: Binance’s future is in jeopardy

Since FTX went bankrupt in November last year, the U.S. authorities have continuously escalated their supervision of cryptocurrencies, and the “big tree attracting wind” Binance has come under unprecedented scrutiny. John Reed Stark, a former lawyer and director of cyber law enforcement at the U.S. Securities and Exchange Commission (SEC), said that Binance‚Äôs prospects are …

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MicroStrategy’s first quarter “turning losses into profits”!

After the business intelligence platform MicroStrategy turned from loss to profit for the first time since 2020, it reiterated its adherence to its investment strategy for Bitcoin and stated that it will continue to buy Bitcoin. The company, founded by Michael Saylor, swung to a $94 million profit in the first quarter, largely due to …

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Let the Financial Supervisory Commission set up a “Virtual Asset Bureau”!

The Taiwan Financial Supervisory Commission was previously designated by the Executive Yuan as the competent authority for virtual asset platforms with “financial investment” or “payment nature”. In this regard, legislator Jiang Yongchang has recently jointly signed a proposal to amend the relevant provisions of the “Financial Supervisory Commission Organic Law”, proposing to add a “Virtual …

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