Articles for tag: Bitcoin, Cryptocurrency, Digital Assets, Ethereum, financial regulations, Hong Kong, investment immigration

Market News

Hong Kong Approves Bitcoin as Proof of Assets: A New Era for Crypto Investors in Asia

Hong Kong has taken a significant step by officially recognizing Bitcoin and Ethereum as valid forms of proof for investment immigration applications. This change highlights the region’s growing acceptance of digital assets within its financial system. Recent reports indicate that at least two applicants successfully used these cryptocurrencies to meet the required asset threshold of ...

Market News

KuCoin to Pay $300 Million in Penalties Following Guilty Plea: What It Means for Cryptocurrency Exchange Compliance

KuCoin, a major cryptocurrency exchange, has faced significant legal troubles after its operator, PEKEN Global Limited, pleaded guilty to running an unlicensed money-transmitting business. The company agreed to pay $297 million in penalties due to failure in anti-money laundering practices that allowed criminals to launder large sums. The U.S. Department of Justice highlighted that KuCoin ...

Market News

Top 10 Favorite Stories of 2024: Unforgettable Moments from DL News

In 2024, DL News highlighted pivotal stories shaping the crypto landscape, from the detention of Binance executives in Nigeria to the ongoing speculation about Satoshi Nakamoto’s true identity. Notable features include a gambler’s $700,000 win on Polymarket, the threat quantum computing poses to Bitcoin, and Howard Lutnick’s rising influence in Trump’s circle. Other intriguing stories ...

Market News

Russia Embraces Bitcoin and Crypto Assets for Cross-Border Transactions, Finance Minister Confirms New Financial Strategy

Russian companies are increasingly turning to Bitcoin and other cryptocurrencies as a way to navigate Western sanctions and facilitate international payments. This shift comes after the imposition of sanctions following Russia’s invasion of Ukraine, which hindered access to traditional banking methods. Finance Minister Anton Siluanov announced that Russia has modified its regulations to recognize digital ...

Market News

How Cryptocurrency is Converted to Cash in Russian Banks: Insights from Krebs on Security

A Canadian financial firm has been identified as a key payment processor for many Russian cryptocurrency exchanges and cybercrime services targeting Russian-speaking users. An investigation revealed that this business operates from a Vancouver address shared by numerous other foreign currency dealers and money transfer services, raising concerns about legitimacy. Blockchain analyst Richard Sanders, who formerly ...

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