FIU

Highlights: Indian tax teams warn that poor crypto tracking may reduce government revenue. FIU and the tax department share data to catch undeclared crypto income early. Crypto demand grows in India despite 30% tax and unclear long-term rules. India’s income […]

Highlights: India registers 49 crypto exchanges under FIU rules to monitor suspicious transactions. The FIU report shows crypto funds are used in gambling, fraud, and illegal websites. Authorities say exchanges must follow strict rules, audits, and reporting to maintain accountability. […]

Highlights: After more than two years of delays, Binance has completed the Gopax acquisition. The final obstacle was removed when executive changes were approved by South Korea’s FIU. Gopax will repay impacted users and resume operations with Binance support. Binance, […]

Highlights: FIU has resumed review of Binance’s Gopax acquisition after a two-year delay. Approval could allow Binance’s return to South Korea by the end of 2025. U.S. legal settlements improve Binance’s global compliance outlook. The review of Binance’s Gopax acquisition […]

Highlights: South Korea reports a surge in domestic crypto users and suspicious crypto transactions in 2025. The Asian nation’s virtual asset providers filed 36.6k suspicious deals, exceeding the combined 35.7K reported in the past two years. South Korea has also […]

Highlights: South Korea’s FIU is deliberating new sanctions for unregistered VASP operators. The financial regulator may block access to the unregistered crypto platforms. The FIU is investigating five exchanges for offering crypto services to South Koreans without VASP licenses. On […]

Highlights: Coinbase secures registration with the FIU allowing it to offer crypto services in India. The company plans to launch retail services in India by late 2025. India’s growing developer ecosystem is a major opportunity for Coinbase’s expansion. Coinbase, a […]

Highlights: Authorities in India have ordered an investigation into WazirX for fraud and security failures after the hack. Reports indicate WazirX failed to check user identities and may have helped fintech firms move money without records. WazirX users will vote […]

Highlights: Upbit cannot process crypto deposits and withdrawals for new users for three months due to violations. Authorities found that Upbit failed to verify customer identities and processed transactions with unregistered service providers. Upbit is making changes and is working […]

Highlights: South Korea’s FIU issues a suspension notice to Upbit for violating KYC and AML rules. Upbit could face suspension of up to six months, affecting new user activity and withdrawals. South Korea strengthens crypto regulations and collaborates with the […]

Highlights: Nepal’s FIU raises concerns over the growing use of cryptocurrencies in cyber-related fraud in the country. Crypto misuse complicates investigations, with fraudsters moving illicit funds across borders easily. FIU recommends enhanced crypto monitoring, financial institution training, and public awareness […]

Highlights: Upbit faces scrutiny for 600,000 suspected KYC violations during its license renewal review. Regulators link Upbit’s compliance issues to its dominant market position, raising competition concerns. Despite investigations, Upbit is expanding its trading options, listing new tokens like PEPE […]