Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has placed them as the 26th VASP in Taiwan, highlighting their compliance with Money Laundering Prevention Laws. With Lin Zhichen, the company’s General Manager, named
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Former Solicitor General Donald B. Verrilli, in his role as the senior legal strategist for Grayscale Investments, has made serious accusations against US regulators. He claims that regulators are intentionally stifling the growth of the crypto industry through debanking practices. Verrilli’s concerns were highlighted in a joint amicus brief filed with Paul Clement, another former
The European Banking Authority (EBA) recently announced updates to its Travel Rule guidelines, now including crypto service providers and intermediaries. This change, set to take effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The new rule mandates that exchanges report information on
Bitcoin, the leading cryptocurrency, has been experiencing significant selling pressure lately. On July 4, a dormant Bitcoin wallet that had been inactive for 12 years suddenly sprung to life and transferred over $6.8 million in Bitcoin. This wallet, known as 1Nxxi, sent 76 BTC ($4.46 million) in the first transaction and 43 BTC ($2.46 million)
The recent plummet in Bitcoin’s price can be largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, representing a substantial portion of the total Bitcoin supply, has stirred up market anxiety among investors. The large transfers of 52,633 BTC in recent hours suggest that preparations are
BNB, one of the top cryptocurrencies in the market, has recently experienced a significant drop below the critical $500 support level. This decline has raised concerns among analysts and traders, indicating a bearish trend in the near future. The increased selling pressure and growing bearish sentiment have contributed to the downward movement of BNB, signaling
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His journey began with a natural aptitude for deciphering complex systems and unraveling patterns, setting the stage for his remarkable career in the world of finance. Aayush’s early years were marked by a profound
The Ethereum price has remained in a bearish zone, constantly struggling to break above the $3,250 mark. Recently, ETH took a dive below the critical support level of $3,000 and even tested the $2,850 zone. The price is currently trading below $3,000, indicating a strong bearish trend in the market. Despite attempts to start a
Aayush Jindal is a revered figure in the world of financial markets, with a career spanning over 15 years in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has earned him a global following, as investors seek his guidance in navigating the complexities of modern finance. From a young
Bitcoin price has failed to initiate a recovery wave above the crucial $61,500 resistance zone, causing the leading cryptocurrency to start another downward spiral. As a result, Bitcoin may potentially drop towards the $55,000 mark. The failure to break above $61,500 has led to a bearish trend, with BTC trading below the $60,000 level and