Singapore isn't ready to list crypto ETFs, according to SGX’s CEO, and Philippines prosecutors charged two people over a $6 million XRP hack.
Ex-consultants at Coins.ph are suspected of conducting a $6 million XRP theft, mining rig importer in South Korea gets creative to evade taxes, and more!While several nations have approved the listing of cryptocurrency-based exchange-traded funds, Singapore, a key financial hub in Asia, is apparently not ready.so in a conference hosted by Reuters on July 9, stating that SGX is currently not open to crypto listings.
Hong Kong has already launched Asia’s first spot Bitcoin and Ether ETFs, a few months after the spot Bitcoin ETFs made their debut in the United States, the world’s largest economy. The exchange is licensed by the Philippines central bank to provide crypto trading and custody services to 16 million users.
Vladimir Evgenevich Avdeev and Sergey Yaschuck reportedly departed from the country before they were indicted.South Korea’s airport customs has reportedly busted an importer for tax evasion after trying to bring cutting-edge cryptocurrency mining equipment disguised as obsolete and second-hand models.
In response to these allegations, local law enforcement has started blocking access to the websites associated with the named businesses, as requested by the city’s financial watchdog. However, many of these sites were already offline by the time action was taken.
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