Global #crypto exchanges

Russia is set to tighten its grip on crypto exchanges as regulators seek to bring the industry under stricter control. The Financial Action Task Force (FATF) compliance is a key driver behind these regulatory efforts.

As of Saturday, October 12, the total cryptocurrency market capitalization has surged by 2% over the past 24 hours, reaching approximately $2.28 trillion during the early European session.

A recently unveiled AI-powered deepfake tool, known as ProKYC, has emerged as a sophisticated means for nefarious actors to circumvent high-level Know Your Customer (KYC) protocols on cryptocurrency exchanges.

South Korea's Financial Services Commission (FSC) has approved the establishment of the Digital Asset Protection Foundation, a nonprofit organization aimed at safeguarding crypto assets and blockchain belongings.

The landscape of cryptocurrency security continues to evolve as exchanges grapple with increasingly sophisticated hacking threats.

Russia is poised to begin trials for crypto exchanges starting September 1, as part of a strategic move to mitigate the impact of international sanctions. According to Bloomberg, citing knowledgeable sources, these trials will focus on enabling conversions between rubles and cryptocurrencies through the National Payment Card System, which is regulated by the Bank of Russia.