PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislation and Improvement Measures organized by the National Assembly of the Republic of Korea. Live Debate to be broadcasted within Dvision…
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers. Law Enforcement Busts Cryptocurrency Exchangers in Ukraine Officers from Ukraine’s main law enforcement…
In Singapore, DBS Bank’s subsidiary brokerage arm will offer cryptocurrency services. They will provide asset management businesses with their services in order to purchase crypto assets. The MAS granted DBS Bank a license, according to the press statement ( Monetary Authority of Singapore). They now have complete permission to offer digital token-based payment and trading…
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From Authorized Exchanges Seeing an opportunity to use exchange transactions as a…
Cryptocurrencies are undeniably one of the most significant technological advances in recent years, with the potential to destabilize the worldwide centralized finance environment. Cryptocurrencies have the potential to transform the global financial sector due to the underlying blockchain technology and a totally decentralized environment. Cryptocurrencies can not only reduce transaction costs by eliminating intermediaries, but…
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack…
