Cryptocurrency News TheBitTimes.com

Author：0xMingyue Editor：Colin Wu 1. Singapore MAS Announces Collaboration with Regulatory Authorities in Japan, Switzerland, and the UK to Advance Digital Asset Legislation link On October 30th, the Monetary Authority of Singapore (MAS) announced its collaboration with the Japan Financial Services Agency, the Swiss Financial Market Supervisory Authority, and the UK Financial Conduct Authority to advance discussions on legal, regulatory, and accounting treatment related to digital assets. This collaboration aims to identify potential risks and gaps in existing policies and legislation concerning tokenization solutions, explore the development of common standards for digital asset networks and market best practices across jurisdictions, promote high standards of interoperability to support cross-border digital asset developments, and facilitate industry pilots for digital assets through regulatory sandboxes. 2. WalletConnect Protocol Restricts Usage for Russian Users link On November 1st...

Author：Crescent Editor：Colin Wu 1. Hubei Police Cracks the First National “Virtual Currency Case” in China link On July 18th, according to a publication by Ping An Hubei, the Shaoyang County People’s Court made a ruling on a massive cross-border gambling case involving a transaction volume of 400 billion CNY. In the judgment, a portion of the frozen virtual currency was legally confiscated, amounting to approximately 1 billion CNY. This case became the first in the country to involve the confiscation of “virtual currency.” The article mentioned that the special investigation team communicated with the virtual currency issuer to freeze the relevant accounts, preventing approximately 160 million US dollars (about 1 billion CNY) worth of virtual currency from flowing into the hands of the suspects. Additionally, three key suspects who had been hiding overseas were also apprehended. 2. “Taiwan’s Buffett” Zhou Ruiqing Orchestrates ATC Cryptocurrency Sale During Prison Term link Self-procl...

Author：Lily Editor：Colin Wu 1. South Korea’s weekly summary 1.1 MTL becomes the new Korean MEMECOIN link Upbit MTL/KRW, South Korea’s largest exchange, had a trading volume of $260m. Binance MTL contract annualized negative funding rate is as high as 1430%. MTL is the token of Metal Pay, which allows users to buy, sell, transfer, and pay for cryptocurrencies. 1.2 Prosecutors are holding Bithumb’s largest shareholder Vident in custody link South Korean prosecutors held and searched Vidente, the largest shareholder in Bithumb, in an investigation into the alleged misappropriation of funds by Bithumb-related companies. on February 20, prosecutors formally charged Kang Jong-hyun, the actual owner of Bithumb. 1.3 South Korean authorities scrutinize Gopax previously acquired by Binance link After Binance acquired the South Korean exchange Gopax, regulators may require it to reapply for virtual asset operator certification; banks are considering whether to continue to provide accounts. But i...