Global Focus Financial News

A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks. According to Fn News, the accused is a level six district office official in her 50s. Police said she “received money from multiple victims.” Police say she converted the fiat to Bitcoin (BTC)....

Recognizing the potential benefits of Bitcoin‘s role as a portfolio diversifier, asset managers have been actively increasing their Bitcoin allocations. In a recent note, crypto asset trading firm QCP Capital revealed that asset managers continue to add Bitcoin allocations as a “portfolio diversifier.” Additionally, requests for structured products such as Accumulators and FCNs have flooded...

The Hague Conference on Private International Law (HCCH) has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets. This project will encompass various digital token types. It will also explore preliminary legal questions surrounding digital securities and blockchain-based digital asset management. The intergovernmental organization...

Both the US and the UK foreign sanctions bodies have targeted online media outlet Gaza Now for aiding Hamas fundraise $21,000 in crypto. Gaza Now has been promoting crypto donation campaigns and ramped-up these efforts particularly after the October 7 attack in Israel. The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) and the...

BlackRock‘s foray into blockchain with its tokenized fund BUIDL has quickly captured investors’ attention, securing $240 million in deposits. According to a recent report by Bloomberg, BlackRock’s money-market fund, which utilizes the Ethereum blockchain to record share ownership, reached the astonishing milestone within the first week after its launch. BlackRock’s Tokenization Solution BUIDL targets investments...

HashKey Exchange has formed a strategic partnership with Victory Securities to enhance virtual asset services in Hong Kong. In an official announcement made by HashKey, the exchange has entered a collaboration with the Hong Kong Securities and Futures Commission (SFC) licensed investment management firm Victory Securities on March 28. HashKey to Enhance Digital Asset Services...

Starting in January 2025, crypto firms seeking to operate in Indonesia must undergo evaluation in a regulatory sandbox before being licensed. This regulatory change will come into effect as supervision of the crypto industry transitions to the Financial Services Authority (OJK). Firms offering crypto services in Indonesia without undergoing evaluation in the sandbox will be...

KuCoin, a cryptocurrency exchange, has announced an airdrop of Bitcoin and its native KuCoin (KCS) token, totaling $10 million, to their loyal customers, despite recent US DOJ charges. KuCoin CEO Johnny Lyu announced the news in a letter published on the exchange’s blog. The move comes amid legal challenges and charges filed by the United...

Stratis, a blockchain company specializing in flexible and modular enterprise-grade solutions, has achieved a significant milestone by receiving Virtual Asset Service Provider (VASP) registration from the Banco de España, the central bank of Spain. This registration officially recognizes Stratis as a registered blockchain platform operating in the country. The announcement, made on March 28, highlights...