The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by launching a crypto trust solution. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
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Francisco Gimeno - BC Analyst Binance has opened its own Pandora Box, with bad IRS and even Germany regulatory authorities news. Binance has never been friend of complying with regulations, speaking about a digital economy where decentralisation doesn't need old type of regulations. In the meantime banks start to realise their need to transform and accept digital economy as a fact beyond being offering internet services. This can easily start in places like Singapore or South Korea.