ChainCatcher news, according to Portal Do Bitcoin, Argentina's Financial Information Unit (UIF) and the Securities Commission (CNV) have conducted on-site supervision of a Bitcoin and cryptocurrency exchange for the first time to identify risks related to money laundering, terrorist financing, and the financing of weapons of mass destruction.This inspection is part of the UIF's 2024 annual regulatory plan and took place at an undisclosed exchange in the city of Rosario, Santa Fe Province. According to Resolution No. 49/2024, virtual asset service providers are required to report to the UIF and register with the CNV. This move comes as Argentina increases its vigilance against cryptocurrency-related scams, with recent reports of unregistered platforms involved in fraudulent activities.

ChainCatcher news, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the first phase of on-site inspections for virtual asset trading platforms (VATP) has been completed. The deficiencies identified during the on-site inspections have been communicated to the applicant platforms, requiring improvements.Alder added that the Hong Kong Securities and Futures Commission will announce the next phase plan in due course. Platforms that meet the standards will be granted conditional licenses. Applicant platforms that have been pointed out by the Commission for deficiencies must submit improvement plans to the Commission. Similar to the previous VATP transition period, the next phase plan will also include a deadline. Those who fail to meet the requirements within the deadline will lose their "considered for licensing" status and will orderly cease their operations in Hong Kong.

ChainCatcher news, the Financial Supervisory Service (FSS) of South Korea announced that it will conduct its first inspection of virtual asset service providers, marking the first action since the implementation of the "Virtual Asset User Protection Act" in July. The FSS plans to inspect 6 institutions, including 2 won market exchanges, 3 token market exchanges, and 1 wallet/custody service provider. Notably, 2 of the major won market exchanges, such as Upbit, Bithumb, Coinone, Gopax, and Korbit, will be selected for inspection.The inspection will focus on compliance with regulations, user protection systems, internal control mechanisms, and monitoring of unfair trading. The FSS will review aspects such as user asset management, cold wallet usage, insurance and reserve status, maintenance of transaction records, and monitoring systems for abnormal trading. For violations, the FSS stated that it will impose strict sanctions to maintain market order while supporting businesses in strengthening self-regulatory oversight.

ChainCatcher news reports, citing sources from Bloomberg, that after the Hong Kong Securities and Futures Commission (SFC) conducted on-site inspections of several virtual asset trading platforms, unsatisfactory behaviors were found among them, and it remains unclear whether the relevant platforms will ultimately obtain formal licenses.Sources indicate that some cryptocurrency companies overly rely on a few senior executives to supervise the custody of customer assets, while others have not taken adequate measures to prevent cybercrime risks. It is currently unclear which companies have not met the SFC's requirements.It is reported that the on-site inspections are still ongoing. A spokesperson for the Hong Kong SFC stated that they would not comment on specific cases, but the inspections are conducted to determine whether applicants comply with their requirements, with particular attention to the protection of customer assets and the know-your-customer processes. For platforms that cannot rectify serious deficiencies found during the on-site inspections, the Hong Kong SFC may choose to revoke their status as licensed applicants or reject their license applications.

ChainCatcher news, the food inspection project of the AI governance solution "Prove AI" by Greyscale AI, has announced that it has launched on the Casper mainnet and "recorded the first batch of AI-generated data."The team stated: "20,000 lots have been updated to the Casper mainnet, and we expect 280,000 lots to be deployed in the coming weeks, followed by a continuous data pipeline."It is reported that Casper Labs is collaborating with several design partners to develop the Prove AI governance solution alongside IBM.

ChainCatcher news, according to the official announcement, Upbit stated that due to wallet system maintenance, Arbitrum (ARB) and Magic (MAGIC) have temporarily suspended deposits and withdrawals. They will announce the resumption of deposit and withdrawal support after confirming the stability of deposits and withdrawals.

ChainCatcher news, according to local media EBN, the Financial Services Commission (FSC) of South Korea announced that it will not directly participate in the inspection of cryptocurrencies listed on Korean exchanges.Previously, there were rumors that South Korean financial regulators planned to delist cryptocurrencies that did not meet listing requirements before July of this year. The FSC stated that it only inspects cryptocurrency operators and does not directly inspect tokens. The final announcements regarding token inspections and delistings will be the responsibility of the cryptocurrency exchanges and the Korea Digital Asset Exchange Alliance (DAXA), which is the consulting body for Korean digital asset exchanges.

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) recently announced that it will conduct on-site office inspections of cryptocurrency platforms applying for licenses.The regulator emphasized that the 18 applicants "deemed to have obtained a license" will be required to undergo inspections to obtain approval for their applications. These inspections will take place in the coming months, during which the deemed licensed VATP applicants will submit their applications. The on-site inspections will focus on the cryptocurrency platforms' protection of customer assets and Know Your Customer (KYC) processes to determine whether the companies meet the SFC's regulatory requirements.The regulator also reminded applicants that during the application process, they must comply with all regulatory requirements and licensing conditions set by the SFC. These conditions include prohibiting residents of mainland China from accessing the platform's virtual asset-related services, marketing their services, or attracting retail users.

ChainCatcher news, the Web3 social data protocol Inspect announced its integration with Arbitrum, introducing a dedicated section for Arbitrum on its platform to provide advanced analytics across the ecosystem, while offering insights and information to all users and streamlining the research process within the Arbitrum ecosystem.It is reported that Inspect has announced its integration with BNB Chain. ChainCatcher previously reported that the Web3 social data protocol Inspect announced the completion of a new round of financing, with the specific amount undisclosed. This round of financing was participated in by Dewhales, BasementDAO, Morningstar Ventures, Kairon Labs, Optic Capital, Rarestone Ventures, Maven Capital, and others.

ChainCatcher news, the Web3 social data protocol Inspect announced its integration with BNB Chain. As the first layer two network built for the X platform, Inspect will expand into the BNB ecosystem.ChainCatcher previously reported that the Web3 social data protocol Inspect announced the completion of a new round of financing, with the specific amount undisclosed. This round of financing was participated in by Dewhales, BasementDAO, Morningstar Ventures, Kairon Labs, Optic Capital, Rarestone Ventures, and Maven Capital.

ChainCatcher news, the Web3 social data protocol Inspect announced a strategic partnership with Stargate, which allows users to easily access and utilize advanced features of any blockchain, thereby expanding the accessibility of the platform and its functionalities.

ChainCatcher news, in Richard Teng's first Chinese AMA after becoming CEO of Binance, Richard Teng stated that user privacy is always protected, and government independent inspectors mainly focus on anti-money laundering, without involving user privacy data. However, regarding user data, Binance's stance is consistent for both the U.S. and governments around the world, stating that they will only cooperate in providing data when reasonable grounds are presented by local courts or law enforcement agencies.

ChainCatcher news, the Web3 social data protocol Inspect has announced the completion of a new round of financing, with the specific amount undisclosed. This round of financing was participated in by Dewhales, BasementDAO, Morningstar Ventures, Kairon Labs, Optic Capital, Rarestone Ventures, Maven Capital, and others.Inspect stated that it is transforming the dynamic market into a user-friendly platform equipped with real-time analytics and insights accessible to everyone. Inspect's ecosystem partners include Mocaverse, MoonPay, MultiversX, Avalanche, Ronin, Axie Infinity, Polygon Ventures, Algorand Technologies, Floor Protocol, Cardano Community, OKX Web3 Wallet, and others.

ChainCatcher news, according to CoinDesk, a court document from Monday shows that the SEC urged the Washington D.C. court to approve an inspection of Binance.US and reiterated that Binance.US is not cooperating with the SEC's investigation, stating that the company's staking, settlement, and brokerage services violate federal securities laws.

ChainCatcher message, Hong Kong Legislative Council member Wu Jiezhuang stated on platform X: "Yesterday, regarding the views shared by Ethereum founder Vitalik Buterin on developing virtual asset projects in Hong Kong, I respect his right to speak, but I also believe he does not understand or recognize the situation in Hong Kong. I sincerely invite Mr. Vitalik to come to Hong Kong to understand the situation. I am willing to coordinate with relevant institutions and enterprises to share the situation in Hong Kong with him."In addition, he added that Hong Kong is a special administrative region with a sound process for formulating policies and laws. Under the 'one country, two systems' principle, Hong Kong has legislative power. As a member of the Legislative Council of the Hong Kong Special Administrative Region, I would like to share with everyone that every policy or law in Hong Kong undergoes a period of discussion, including government drafting of policies, public consultations, discussions in multiple committees of the Legislative Council, and plenary discussions. Therefore, I hope Vitalik understands the actual situation; there is no complex situation between the country and Hong Kong as he mentioned. The central government has always expressed support for the development of 'one country, two systems' in Hong Kong, so there is space for Hong Kong to formulate policies for virtual assets, and we welcome compliant enterprises from around the world to develop in Hong Kong."Wu Jiezhuang concluded: "Hong Kong's policies and laws will not change from day to day; all relevant strategies and regulations are formed through significant social consensus and complete procedures. Therefore, I can tell Mr. Vitalik that Hong Kong's policies are very stable."

ChainCatcher news, the French National Commission on Informatics and Liberty conducted an "inspection" of the Worldcoin Paris office. A spokesperson for the commission stated, "The inspection took place at the Worldcoin Paris office," but the French regulator declined to provide further details.As an independent regulatory body in France, the commission's task is to ensure that French data privacy laws apply to the collection, storage, and use of personal data. In July of this year, the company stated that it was investigating Worldcoin due to the "questionable" legality of its biometric data.

ChainCatcher news, according to official sources, the Web3 social data protocol Inspect has announced a partnership with the crypto payment provider MoonPay, allowing users to purchase cryptocurrencies and NFTs in real-time directly through its Chrome extension without leaving Twitter. The NFT Inspect Chrome extension enables users to learn more about NFTs and their communities without leaving Twitter. (source link)