Global #cryptocurrency exchanges

Recent data reveals a notable increase in the inflow of leading stablecoins USDC and USDT to centralized cryptocurrency exchanges, raising speculation about a possible rise in Bitcoin (BTC) prices.

South Korea is implementing a new regulatory measure aimed at cryptocurrency operators in the country. Effective July 19, the Financial Services Commission (FSC) introduced the ‘Virtual Asset User Protection Act,’ which mandates a supervisory fee based on the operating revenue of South Korean crypto exchanges.

HSBC Australia has announced it will block all customer payments to cryptocurrency exchanges effective July 24th. The bank cited a surge in investment scams as the primary reason for this decision.

Klip, the cryptocurrency wallet integrated into South Korea's popular messaging app KakaoTalk, is undergoing significant changes to comply with the country's increasingly stringent regulations on digital assets.

South Korea's major cryptocurrency exchanges have taken a united stand to address growing concerns about potential mass delistings of tokens, following a recent court ruling that upheld the delisting of a digital asset due to insufficient trading volume.

Bybit, a major cryptocurrency exchange, has reportedly initiated registration and identity verification procedures for Chinese citizens residing outside China. Users can now sign up and engage in crypto trading on the platform using their Chinese national identification. However, trading cryptocurrencies while based in China appears to remain prohibited.