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Crypto

DAXA flags 12 illegal digital asset operators, requests police investigation

The Digital Asset Exchange Alliance (DAXA) said it identified 12 illegal digital asset operators and asked police to investigate. DAXA said some operators charged fees as much as 62 times higher than domestic exchanges and demanded personal data such as ID cards and bankbook copies without legal grounds. The three-month probe, conducted with reported virtual asset service providers, targeted businesses that failed to report to the Financial Intelligence Unit under the Specific Financial Information Act.

Crypto

KB Securities signs MOU with Canton, Wavebridge to build digital asset infrastructure

KB Securities is partnering with the Canton Foundation and Wavebridge to push a shift in South Korea\'s capital markets toward distributed ledger-based infrastructure. The three signed a memorandum of understanding on June 4 at KB Securities\' headquarters in Seoul\'s Yeouido district. They will jointly review applying Canton Network-based infrastructure to domestic capital market transactions. They also plan to expand cooperation to introducing distributed ledger-based financial products and building overseas distribution infrastructure.

Crypto

Coinbase restarts rupee transfer service in India

Coinbase has launched direct rupee deposits and withdrawals in India. Users can move rupees between local bank accounts and Coinbase via the Immediate Payment Service (IMPS). They can also use spot trading, perpetual futures and advanced trade on one platform. The move aligns with Coinbase’s plan to expand again in India after halting UPI-based deposits in 2022. Coinbase registered with India’s FIU in March 2025, saying it gained a formal basis under AML rules.