1d atrás
Pakistan Loses Over $600 Million to Unauthorized Crypto Transactions
Pakistan has lost more than $600 million through unauthorized cryptocurrency transactions, according to the Exchange Companies Association of Pakistan. Residents are converting local currency to dollars via exchange firms, then moving funds into digital assets through unregulated channels. The outflows have reduced dollar inflows to the formal banking system, with sales from exchange companies to banks dropping from approximately $4 billion to $3 billion year-over-year.
1d atrás
11-16
South Korean Crypto Exchanges Face Earnings Pressure as Trading Volumes Drop
Major South Korean cryptocurrency exchanges are experiencing financial strain as trading volumes decline amid a broader market downturn. Dunamu reported operating profits of 235.3 billion won ($161.7 million) in the third quarter, reflecting a 180% year-over-year increase, while Bithumb recorded operating profits of 70.1 billion won, an eightfold rise. Industry officials warn that heavy reliance on trading fees exposes platforms to market volatility.
11-16
11-2
Romania's Gambling Regulator Blacklists Polymarket for Operating Without License
Romania's National Office for Gambling has blacklisted prediction platform Polymarket for conducting betting operations without proper authorization. The regulator stated that cryptocurrency-based wagering constitutes gambling activity requiring licensing, regardless of underlying blockchain technology. Polymarket faces regulatory scrutiny in multiple jurisdictions, including France and the United States.
11-2