VASP
12,550 views
15 Discussing
Hot
Latest
See original
HashKey Secures VASP License in Ireland within MiCA Compliance Framework!
Exciting news for the crypto world as HashKey Group, a prominent digital asset management and blockchain solutions provider, has just obtained a Virtual Asset Service Provider (VASP) license in Ireland! 🇮🇪
This milestone aligns perfectly with HashKey’s expansion plans in Europe, signaling strong growth and compliance within the evolving MiCA (Markets in Crypto-Assets) regulatory framework.
🔑 Key Takeaways:
HashKey is now officially licensed to operate as a VASP in Ireland.This development opens the door for broader European market expansion.Ensures compliance with MiCA, boosting credibility in the crypto space.
With the ever-growing regulatory landscape in Europe, this is a strategic move that positions HashKey for success in the digital asset industry. 🌐
Stay tuned for more updates on how this regulatory shift will impact the global crypto market!
💬 What do you think about the impact of MiCA on the crypto industry? Share your thoughts below!
#CryptoNewss #VASP #MiCACompliance #HashKeyExpansion #blockchaineconomy
This milestone aligns perfectly with HashKey’s expansion plans in Europe, signaling strong growth and compliance within the evolving MiCA (Markets in Crypto-Assets) regulatory framework.
🔑 Key Takeaways:
HashKey is now officially licensed to operate as a VASP in Ireland.This development opens the door for broader European market expansion.Ensures compliance with MiCA, boosting credibility in the crypto space.
With the ever-growing regulatory landscape in Europe, this is a strategic move that positions HashKey for success in the digital asset industry. 🌐
Stay tuned for more updates on how this regulatory shift will impact the global crypto market!
💬 What do you think about the impact of MiCA on the crypto industry? Share your thoughts below!
#CryptoNewss #VASP #MiCACompliance #HashKeyExpansion #blockchaineconomy
See original
South Korea Bans 14 Unregistered Cryptocurrency Apps from the Apple Store
What Happened?
On April 14, 2025, South Korea's Financial Intelligence Unit (FIU) banned 14 apps from the Apple Store operated by unregistered foreign virtual asset service providers (VASPs), including KuCoin and MEXC. This followed a similar action on March 25, when 17 apps were banned from the Google Play Store.
Why is Korea taking these strict measures?
• Regulatory compliance: To ensure all providers are registered with the FIU and comply with anti-money laundering (AML) and know-your-customer (KYC) laws.
• Investor protection: To protect Korean investors from the risks of unregistered platforms.
• Market integrity: To maintain fair competition with registered domestic platforms.
• National security: To prevent illegal activities and protect the economy.
Impact of the ban on users and platforms
For users:
• Restricted access to banned apps
• Risk of losing money if platforms are shut down
• Need to migrate to licensed platforms
For websites and platforms:
• Loss of Korean user base
• Pressure to comply with Korean regulations
• Damage to reputation.
#kyc #aml #VASP #KUCOIN #MEXC
What Happened?
On April 14, 2025, South Korea's Financial Intelligence Unit (FIU) banned 14 apps from the Apple Store operated by unregistered foreign virtual asset service providers (VASPs), including KuCoin and MEXC. This followed a similar action on March 25, when 17 apps were banned from the Google Play Store.
Why is Korea taking these strict measures?
• Regulatory compliance: To ensure all providers are registered with the FIU and comply with anti-money laundering (AML) and know-your-customer (KYC) laws.
• Investor protection: To protect Korean investors from the risks of unregistered platforms.
• Market integrity: To maintain fair competition with registered domestic platforms.
• National security: To prevent illegal activities and protect the economy.
Impact of the ban on users and platforms
For users:
• Restricted access to banned apps
• Risk of losing money if platforms are shut down
• Need to migrate to licensed platforms
For websites and platforms:
• Loss of Korean user base
• Pressure to comply with Korean regulations
• Damage to reputation.
#kyc #aml #VASP #KUCOIN #MEXC
See original
The T3 Financial Crime Unit Helps the Spanish Authorities Freeze $26.4 Million Related to Syndic
The Spanish government has just announced the arrest of 23 individuals and the seizure of $26.4 million thanks to the support from the T3 Financial Crime Unit (T3 FCU). This is the largest bust of T3 to date, dismantling a transnational financial crime network in Europe.
The Largest Arrest by T3 FCU
According to a statement from the T3 Financial Crime Unit, this organization has helped Spanish authorities freeze $26.4 million related to a European financial crime organization. This is noted as the largest asset seizure the group has participated in since its inception last year. To date, T3 has frozen $126 million.
The Largest Arrest by T3 FCU
According to a statement from the T3 Financial Crime Unit, this organization has helped Spanish authorities freeze $26.4 million related to a European financial crime organization. This is noted as the largest asset seizure the group has participated in since its inception last year. To date, T3 has frozen $126 million.
See original
New Regulations in the Cayman Islands: Mandatory Licensing for Custodial and Crypto Trading Services
Major Change: Cayman Islands Tightens Cryptocurrency Regulation
Starting from April 1, 2025, all companies providing custodial and cryptocurrency trading services in the Cayman Islands #Cayman will have to register for operating licenses under the new regulations.
According to information from the amended law on Virtual Asset Service Providers (VASP), companies operating here must complete their application by June 29, 2025.
Starting from April 1, 2025, all companies providing custodial and cryptocurrency trading services in the Cayman Islands #Cayman will have to register for operating licenses under the new regulations.
According to information from the amended law on Virtual Asset Service Providers (VASP), companies operating here must complete their application by June 29, 2025.
See original
South Korea considers imposing sanctions on non-compliant cryptocurrency trading platforms
Cryptocurrency trading platforms, including "BitMEX," "KuCoin," "CoinW," "Bitunix," and "KCEX," are under scrutiny by the Financial Intelligence Unit (FIU) in South Korea for non-compliance with local regulatory requirements.
The authorities accuse these platforms of operating illegally for not being registered as Virtual Asset Service Providers (VASPs) according to the Specific Financial Information Act.
The FIU is conducting investigations into these platforms, considering strict measures such as banning access to their sites in collaboration with the Korean Communications Standards Commission.
South Korea has previously imposed similar restrictions, having shut down more than 60 unregistered platforms in 2021 and blocking access for 16 foreign trading platforms to local investors in 2022.
As the crackdown continues, a decline in the number of registered crypto companies in the country is expected, which has already decreased by 26% since 2024.
#KUCOIN #fiu #VASP #BitMEX
#coinw
Cryptocurrency trading platforms, including "BitMEX," "KuCoin," "CoinW," "Bitunix," and "KCEX," are under scrutiny by the Financial Intelligence Unit (FIU) in South Korea for non-compliance with local regulatory requirements.
The authorities accuse these platforms of operating illegally for not being registered as Virtual Asset Service Providers (VASPs) according to the Specific Financial Information Act.
The FIU is conducting investigations into these platforms, considering strict measures such as banning access to their sites in collaboration with the Korean Communications Standards Commission.
South Korea has previously imposed similar restrictions, having shut down more than 60 unregistered platforms in 2021 and blocking access for 16 foreign trading platforms to local investors in 2022.
As the crackdown continues, a decline in the number of registered crypto companies in the country is expected, which has already decreased by 26% since 2024.
#KUCOIN #fiu #VASP #BitMEX
#coinw
South Korea Cracks Down on Unregistered Crypto Exchanges
In a significant move to regulate the cryptocurrency market, South Korean authorities have blocked access to several foreign crypto exchange apps on the Google Play Store. This crackdown affects users in South Korea who rely on apps like KuCoin and MEXC.
Understanding the Regulations
South Korea's Financial Intelligence Unit (FIU) requires Virtual Asset Service Providers (VASPs) to register and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This ensures crypto exchanges operate within the bounds of the law, protecting users and maintaining financial integrity.
The Consequences of Non-Compliance
The FIU has taken decisive action against unregistered foreign VASPs, requesting Google to block access to their apps on the Google Play Store. This means:
- No new downloads: Users in South Korea can no longer download these apps.
- No updates: Existing users will not receive updates through Google Play.
Why This Matters
This move is a clear indication that South Korea is committed to enforcing its crypto regulations and protecting its users. By blocking unregistered exchanges, the government aims to:
- Prevent illicit activities: Unregistered exchanges can facilitate money laundering, terrorist financing, and other illicit activities.
- Protect users: By ensuring exchanges comply with AML and KYC regulations, users are better protected from potential risks.
What's Next?
As the regulatory landscape continues to evolve, it's essential for crypto exchanges to prioritize compliance. Users in South Korea should also be aware of the risks associated with using unregistered exchanges and take necessary precautions.
Stay informed about the latest developments in the cryptocurrency space and their impact on the market.
Understanding the Regulations
South Korea's Financial Intelligence Unit (FIU) requires Virtual Asset Service Providers (VASPs) to register and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This ensures crypto exchanges operate within the bounds of the law, protecting users and maintaining financial integrity.
The Consequences of Non-Compliance
The FIU has taken decisive action against unregistered foreign VASPs, requesting Google to block access to their apps on the Google Play Store. This means:
- No new downloads: Users in South Korea can no longer download these apps.
- No updates: Existing users will not receive updates through Google Play.
Why This Matters
This move is a clear indication that South Korea is committed to enforcing its crypto regulations and protecting its users. By blocking unregistered exchanges, the government aims to:
- Prevent illicit activities: Unregistered exchanges can facilitate money laundering, terrorist financing, and other illicit activities.
- Protect users: By ensuring exchanges comply with AML and KYC regulations, users are better protected from potential risks.
What's Next?
As the regulatory landscape continues to evolve, it's essential for crypto exchanges to prioritize compliance. Users in South Korea should also be aware of the risks associated with using unregistered exchanges and take necessary precautions.
Stay informed about the latest developments in the cryptocurrency space and their impact on the market.
Login to explore more contents