EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5
The move would prohibit EU-based individuals and companies from interacting with the token, either directly or via intermediaries. The European Union is weighing a fresh round of sanctions targeting A7A5, a ruble-backed stablecoin that has rapidly become the largest non-US-dollar pegged token in the world. The move would prohibit EU-based individuals and companies from interacting […]
South Korea Plans Sanctions Against BitMEX, KuCoin and CoinW
South Korea plans to sanction unregistered crypto exchanges such as BitMEX, KuCoin and others for operating illegally without VASP licences. The Financial Intelligence Unit (FIU) has identified a number of exchanges that have not registered as Virtual Asset Service Providers (VASPs), a requirement under South Korean law. The exchanges facing potential sanctions include BitMEX, KuCoin, […]