Category: Regional

Major Korean Bank Collaborates with Blockchain Firm to Introduce Blockchain-Based KYC

Major Korean Bank Collaborates with Blockchain Firm to Introduce Blockchain-Based KYC

Blockchain firm ICONLOOP is reportedly working with South Korea’s second largest commercial bank, Shinhan Bank and bringing blockchain tech to the KYC certification process that is necessary for certain financial offerings for bank customers, such as opening accounts. This will be done through ICONLOOP’s proprietary decentralized identity (DID) technology via its mobile app Zzeung. “This […]

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Fidelity-Affiliated DIgital Assets Firm Obtains Hong Kong Regulatory Approval

Fidelity-Affiliated DIgital Assets Firm Obtains Hong Kong Regulatory Approval

Digital assets firm OSL Digital Securities, backed by investment company Fidelity, has been granted a principal license from Hong Kong’s Securities and Futures Commission (SFC), the first crypto business to do so under Hong Kong’s new crypto regulations, according to Reuters. Introduced in November 2019, under the new laws, it is not compulsory for crypto […]

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Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS) has introduced a Code of Practice for crypto-related businesses in the country in collaboration with the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), aimed at standardizing guidelines to “help digital asset players strengthen regulatory compliance”. This is supplementary material that […]

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