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Huobi Global denies ‘large-scale layoffs’ and key exec resignations

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A spokesperson from Huobi Global says rumours of layoffs are “untrue” and the “senior management team is performing their duties as per normal.”

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Hong Kong warns against crypto firms misrepresenting as ‘bank’

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Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong. 

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EU regulator sets restrictive measure guidelines for crypto providers

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Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU’s restrictive measures regimes.

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South Korea probes Upbit for 600K KYC violations

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Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

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