Search results for CDD
Crypto
Bitcoin reclaims $65,000 as whale accumulation signals return
Bitcoin has moved back above $65,000, a shift seen as a sign that large holders have largely finished selling. U.Today cited CryptoQuant data showing whale selling pressure easing sharply, alongside a decline in coins moving to exchanges. Exchange balances also fell as more than 11,400 bitcoin moved to private wallets. Spot bitcoin ETFs posted net inflows on the latest trading day. Holdings in wallets with over 100 bitcoin also began rising again.
Crypto
Institutions buy, whales sell: Why Bitcoin rally stalls
Bitcoin continues to see buying from institutions and retail investors, but overlapping sell pressure from long-held whale wallets is preventing a clear upside breakout. On-chain data showed a large share of the selling coming from long-term holders even as weekly purchases exceed new issuance. Strategy added 24,869 BTC in a week, and analysts estimated it could buy more. Some long-term holders used OTC deals, keeping exchange imbalances limited.
Finance
FSS to introduce rules on PG firms reselling virtual accounts, effective July
South Korea\'s Financial Supervisory Service will introduce standards to directly regulate the overall resale of virtual accounts by payment gateway firms, aiming to prevent illegal acts involving such accounts. The rules cover merchant screening and follow-up management, pre-emptive blocking of suspected illegal transactions and anti-money laundering obligations, including CDD and STR. The standards will take effect on July 1 after a preparation period for system development.