Key Takeaways Hong Kong and Germany plan to add bitcoin to reserves to diversify assets and hedge inflation. Lawmakers Johnny Ng and Christian Lindner support bitcoin to modernize policies and boost competitiveness. Analysts see this shift as recognizing bitcoin’s role in stability amid inflation and volatility. Hong Kong and Germany are exploring proposals to include…

Key Takeaways Malaysia’s Securities Commission ordered Bybit to shut down operations for violating securities laws and operating without a license. The exchange must disable platforms, block access, and terminate ads targeting Malaysian investors within 14 business days. The SC warned investors to use only licensed platforms, highlighting compliance rules and risks tied to unregulated exchanges.…

Key Takeaways: A South Korean court sentenced Bithumb’s ex-CEO and golfer Ahn Sung-hyun for manipulation. They accepted bribes and luxury gifts to inflate altcoin prices, defrauding investors. Ongoing investigations expose corruption risks in crypto markets, prompting stricter regulations and investor protections. A South Korean court has sentenced a professional golfer Ahn Sung-hyun, and a former…

Key Takeaways Cambodia’s central bank approved stablecoins for financial firms while banning unbacked assets like Bitcoin. Banks can process crypto transactions, transfers, and custody services under strict regulatory oversight. Firms must secure NBC permits before offering crypto services, ensuring compliance and market stability. Recently, Cambodia's central bank has approved regulated stablecoin services for banks and…

Key Takeaways Bitwise filed for a Bitcoin Reserve ETF to track firms holding 1,000 BTC or more. Eligible firms must have $100 million market caps, $1 million daily liquidity, and low free floats. Unlike traditional ETFs, it weighs firms by bitcoin holdings, capped at 25% for risk management. Bitwise has filed with the U.S. Securities…

Key Takeaways KULR Technology purchased 217.18 bitcoin worth $21 million to launch its Bitcoin Treasury strategy. The plan allocates 90% of surplus cash to bitcoin, supporting long-term value preservation. KULR chose Coinbase Prime for custody and wallet services, highlighting the growing institutional adoption of digital assets. KULR Technology Group, a NYSE-listed energy solutions firm has…

Key Takeaways: South Korea sanctioned 15 North Koreans and one organization for laundering stolen cryptocurrency funds. The sanctions target Bureau 313, tied to weapons programs, and hackers linked to the Lazarus Group. Authorities froze assets and urged exchanges to monitor activities, strengthening global cybersecurity efforts. South Korea has imposed sanctions on 15 North Korean individuals…

Key Takeaways SBI VC Trade will acquire DMM Bitcoin’s assets after a May 2024 cyberattack. Investigators linked the $320 million bitcoin theft to North Korea’s TraderTraitor group. The transfer, scheduled for March 2025, will ensure seamless account migration and improved security. SBI VC Trade, a Japanese cryptocurrency asset management company, announced it will acquire the assets…

Key Takeaways: Turkey’s new crypto rules, effective January 1, 2025, target money laundering and boost transparency. Exchanges must verify identities, monitor transactions, and report suspicious activities to authorities. Non-compliance risks fines or license loss, ensuring market stability and investor protection. Turkey has introduced tougher cryptocurrency regulations to combat money laundering and terrorism financing. The rules,…

Key Takeaways South Korea now has over 15 million crypto investors, nearly 30% of its population. The number of investors has steadily grown, adding 100,000 new users each month. By November’s end, reserves surged to 102.6 trillion won, up from 58.6 trillion in July. According to local reports, over 15 million South Koreans own cryptocurrencies,…