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News Gets Approval For Virtual Asset Services In South Korea


on, a rapidly growing crypto platform, has got a big achievement related to crypto services in South Korea. The company has got a license for services here and it will now be able to easily provide services related to cryptocurrency in the country. reported on August 8, 2022.

The company has received this license under South Korea’s Electronic Financial Transactions Act, which has been approved by South Korea’s regulators. In the recent recession in Kreptomarket, the company had to face serious consequences. Apart from this, CryptoCom has also hired two South Korean firms, including payment service provider PnLink and virtual asset provider OK-Bit. 

In an official blog post,’s CEO Kris Marszalek called South Korea an exciting market. He said that they acknowledge that after the takeoff of their service, business in Korea will not just bring more potency and development, but it will even support to expand the Web ecosystem. 

Kris-Marszalek-Crypto-Com-CEO’s CEO Kris Marszalek

According to a study by the Financial Services Commission in South Korea, the crypto market in the country had reached a valuation of $ 46 billion (about Rs 3,66,318 crore) by the end of 2021, with the number of users increasing to about 5.58 million. This number was almost 10 percent of the nation’s population. 

SK Telecom, the largest network provider here, is currently building a crypto wallet that is based on advanced Web3 capabilities. Meanwhile, CryptoCom, which was created in 2016, claims to have more than 50 million customers worldwide. 

The outlet is slowly rolling out Google Pay support on its application to provide users entry to cryptocurrency acquisitions via Google’s online payment service. Asunder from this, the enterprise is continually attempting to get endorsement in other nations as well. Gets Approval From CySEC


On July 22, 2022, the official platform informed us that it has finally got regulatory approval from CySEC (Cyprus Securities And Exchange Commission). The CySEC approval allows to present a suite of services and its products to clients in Cyprus. This process will run in adherence to the local regulations of Cyprus.

Concerning this approval, CEO, Kris Marszalek, said that Europe is the primary territory for and their ongoing expansion in the market is a testimony to their dedication to obedience and cooperation with regulators. He also told that’s entry into Cyprus is the next big step to expanding its products and service to more clients. Overview

Let us inform you that, was founded in 2016 and currently serves over 50 million clients globally. It is one of the most rapidly growing global cryptocurrency platforms. Its main logo is “Cryptocurrency in Every Wallet”. Its core building blocks are privacy, security, and compliance which is dedicated to reviving crypto adoption via empowering the future generation of creators, entrepreneurs, and builders to construct a more appropriate unbiased virtual ecosystem.


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Cryptocurrency Trading Company Shut Down After Scamming Investors




Cryptocurrency trading firm, Praetorian Group International Trading Inc has been shut down by US authorities. Due to a lack of insufficient cooperation with public interest and evidence, the crypto company has finally closed.

In this update, we will understand why the US government shut down the cryptocurrency company and what exactly happened. 

The Uk government told on October 27 that PGI Limited was shut down by the High court on September 13 and the Official receiver has been specified liquidator of the company.

The firm’s central business activity was the provision of crypto trading packets, blockchain education, and health products. Read More: 10 Trending Technology Now

Despite clashing accounts of the company’s trading movement delivered by two retired directors, it seems that the major business activity completed by PGI was the deal and acquisition of cryptocurrency.

Investors were pledged returns of up to 200%. But when these did not occur, investors were incapable to draw the funds they had invested.


Three bank invoices were recognized as utilized by PGI and were operated to receive about £612,425 from its would-be investors between July 2020 and February 2021.

Charges from the accounts contained at least £195,000 delivered to personal accounts, and a £10,000 settlement to a luxury division.

PGI is said to be an aspect of the Praetorian Group International Trading Inc. Its website has been seized by the US Department of Justice and US Department of the Treasury following a stroke warrant given by the US District Court of the Eastern District of Virginia.

Uk government report noted in a statement that the firm’s director, Ramil Ventura did not cooperate with the Insolvency Service investigation.

The High Court decided that closing down the firm was in the public appeal, given the deficiency of cooperation, neglect to maintain, conserve and provide sufficient accounting records, and lacking transparency.

Chief Investigator, Mark George said that businesses and individuals working under the limited protection need to comply with the requirements of the Companies Act.


This case emphasizes that the court will take a dark perspective if they are found to failure co-operating with the public interest and in trading practices.

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Cryptocurrency Exchanges Has Been Legal In Kazakhstan




Cryptocurrency exchanges have been legal in Kazakhstan now. Presenting a report for the foremost lawful crypto operation in Kazakhstan, Kassym Jomart Tokayev, the president of Kazakhstan opens the path.

Considering teenage, such digital assets service is legalized in Kazakhstan. Being the first cryptocurrency movement in the Eurasian continent, it will open up new digital ways to make money

To regulate cryptocurrency exchanges, Kazakhstan is allowed under pilot rules under with conditions. To be part of the pilot project, crypto exchanges must have a credit card and banks must apply for membership. According to the report, the crypto regulatory framework was designed following the highest global benchmark, delivering dedicated control of transactions and the safety of customer funds.


Eurasian Bank reported that it was preparing to purchase a crypto card in Kazakhstan. Once this is done, people of the nation can manage their expenses with a Bitcoin cash card.

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How To Get Free Ethereum? Starts Regulating Stock Market In France

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News Now Starts Regulating Stock Market In France


on now gets another regulatory permission from the European government to start a stock market in France. Recently South Korea granted virtual assets service approval for Now it is evolving its liability globally.

Crypto dot com was founded in 2016, in Singapore. This crypto exchange got approval from the stock market regulator department of France.

The crypto firm was recorded as a DASP (Digital Asset Service Provider). Now it can deliver digital products & services that are under local regulations and laws.

In a report, it emphasized that ACPR completely investigated the company to lower the threat of money laundering and terror financing. claims to have over 50 million users globally and it continues to extend throughout the globe, without caring volatile market situation too much.

Similarly, this crypto exchange was granted to regulate virtual currency and their digital wallet in Italy and Cyprus. It has also got a license in Greece and UK.


Currently, has a regulatory license from the Dubai Virtual Assets Regulatory Authority, The Monetary Authority of Singapore, the Cayman Islands Monetary Authority as well as South Korea. It will soon get full approval in Canada too.

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