Indonesia will introduce a new regulation that requires 66% of firm board members and directors to be natives of the nation in an effort to crack down on foreign ownership of cryptocurrency exchanges.
Do Kwon, the co-founder and CEO of Terraform Labs, is the target of increased attempts by South Korean prosecutors, and the ministry of foreign affairs is prepared to intervene and revoke his passport.
Bitbase is a cryptocurrency store and ATM company headquartered in Spain and it is preparing to open operations in Venezuela this year. The company is now in the search for new employees for the stores and crypto ATMs that will be opened. Bitbase would be one of the first international exchanges to open an office in the country.
Binance, the biggest cryptocurrency exchange platform, signed an MoU with South Korean City Busan.
Japanese crypto exchange Bitbank has announced that it has not yet made up its mind on the listing of Ethereum PoW (ETHW). It needs to determine potential regulatory risks before making a decision on whether it will list a token. Earlier this August, rebellious crypto miners created a proof-of-work alternative to Ethereum before the upcoming Merge update.
A new class action suit has been filed against Coinbase in the Georgia federal court, alleging the company of unauthorized asset transfers, freezing funds, and locking customers out of their own accounts for extended periods of time, causing customers to have significant losses due to the unstability of cryptocurrency.
Bybit, the third most popular cryptocurrency exchange in the world, has announced the launch of GrabPic, a brand new private NFT platform.
Union Bank of Philippines, generally known as Unionbank, has developed new option of crypto service for its clients.