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Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU’s restrictive measures regimes.

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Financial institutions will drive RWA tokenization’s trillion-dollar growth

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Financial institutions will drive RWA tokenization’s trillion-dollar growth

The real-world asset tokenization industry is projected to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions.

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Hong Kong warns against crypto firms misrepresenting as ‘banks’

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Hong Kong warns against crypto firms misrepresenting as ‘banks’

Hong Kong’s central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong. 

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South Korea probes Upbit for 600K KYC violations

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South Korea probes Upbit for 600K KYC violations

Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.

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