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SBI Group is collaborating with Solana Superteam Japan to promote NFT adoption through an exclusive giveaway for SBI Web3 Wallet users, running until January 20, 2025. Participants must complete KYC verification, aligning with Japan's regulatory framework, while the initiative aims to enhance the Solana ecosystem in the country. Despite a dip in the Solana NFT market, corporate interest remains strong, with SBI's Web3 Wallet facilitating NFT trades in Japanese yen, making the market more accessible.
A federal judge has ordered Richard Ahlgren, an early Bitcoin investor, to surrender encryption keys to unlock approximately $124 million in crypto assets as part of a tax evasion case. Following his December conviction for filing false tax returns and illegal cash structuring, Ahlgren is prohibited from transferring or hiding digital assets without court approval, although he can use funds for living expenses. This case sets a precedent for future crypto tax enforcement, highlighting sophisticated attempts to obscure blockchain transactions.
HashKey Group has secured Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland through its European arm, HashKey Europe Limited, marking its first VASP license compliant with the EU’s AMLD5. This approval enables the firm to offer regulated services, including exchanges and custodial wallet services, while reinforcing its commitment to compliance and investor confidence in the evolving digital asset landscape. With prior licenses in key financial hubs, HashKey aims to expand its global presence and support the sustainable growth of the virtual economy.
Banco of Investimentos Globais (BiG), one of Portugal's largest banks, has begun blocking fiat transfers to crypto platforms, citing compliance with European Central Bank guidelines and concerns over money laundering and terrorism financing. While BiG reported nearly €7 billion in assets under management, other banks like Caixa Geral de Depósitos continue to allow such transfers. Critics, including Delphi Labs co-founder José Maria Macedo, argue that this move reflects an outdated banking system and may push more individuals to adopt cryptocurrencies.
The Czech Republic is emerging as a prime location for cryptocurrency startups in Europe, thanks to a stable legal environment and favorable regulations under the upcoming MiCA framework. Companies must obtain a cryptocurrency license, comply with AML and KYC rules, and can benefit from tax breaks, such as exemptions for long-term asset storage and small transactions. With supportive financial institutions and a growing market, the Czech Republic offers an attractive landscape for launching crypto exchanges.
In a troubling trend, the cryptocurrency sector has faced a series of significant hacks within just ten days, exposing vulnerabilities across major platforms. Notable incidents include a $235 million breach at WazirX, a $10 million exploit of Li.Fi, and a $7.6 million theft from Rho Markets, highlighting the urgent need for enhanced security measures in digital finance. As these attacks reveal critical weaknesses, the industry must prioritize robust protocols to safeguard user data and assets.
HashKey has secured a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, allowing it to operate in the EU's regulated crypto market. This license enables the company to offer various services, including fiat-to-crypto trading and custodial wallet services, aligning with the EU's Markets in Crypto-Assets (MiCA) Regulation. HashKey aims to establish a strong presence in Europe, joining other major players like Ripple and Coinbase in the region.
UBS analyst Erika Najarian upgraded Bank of America stock to Buy, raising the price target from $43 to $53, citing benefits from deregulation and strong buyback plans. The bank is expected to repurchase $18 billion in stock by 2025, representing 5% of its market cap, while also anticipating growth in capital markets. Despite facing regulatory challenges, recent upgrades from CFRA and Citi reflect a positive outlook on the bank's financial performance.
Hong Kong-based cryptocurrency exchange HashKey has obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, enabling it to offer crypto trading and custody services in compliance with the EU's MiCA regulations. This strategic move marks HashKey's entry into the European market, expanding its operations beyond Hong Kong, Singapore, Japan, and Bermuda. The license underscores HashKey's commitment to regulatory compliance and positions it alongside other major players in the crypto sector.
Over 9 million users have migrated to the Pi Network's mainnet as it aims for an Open Network launch in Q1 2025, with a deadline for KYC verifications set for January 31. Meanwhile, the Shiba Inu token TREAT will launch on January 14, 2025, amid warnings of scams targeting users. Bitcoin recently surged past $102,000 following MicroStrategy's acquisition of 1,070 BTC, marking an 8% weekly increase.
Anti-Money Laundering (AML) & Know Your Customer
SubCategory
SBI Group and Solana Collaborate to Boost NFT Adoption in Japan
14:07 08.01.2025
Texas court orders Bitcoin investor to surrender keys in tax evasion case
11:57 08.01.2025
HashKey Group secures VASP approval in Ireland for global expansion
10:30 08.01.2025
Portuguese bank halts fiat transfers to crypto platforms citing regulatory compliance
21:00 07.01.2025
Czech Republic emerges as top destination for cryptocurrency startups in Europe
19:44 07.01.2025
surge in cryptocurrency hacks exposes vulnerabilities across major platforms
15:22 07.01.2025
HashKey obtains VASP license from Central Bank of Ireland for European expansion
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15:19 07.01.2025
ubs upgrades bank of america stock to buy amid positive outlook
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12:56 07.01.2025
HashKey secures VASP license in Ireland for European market expansion
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12:18 07.01.2025
Pi Network migration progresses as Shiba Inu warns of TREAT scams
11:24 07.01.2025
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