amina

According to a report by Hong Kong media Orange News, the President of the Hong Kong Securities and Futures Professionals Association, Chen Zhi-hua, disclosed that the Hong Kong virtual asset industry is facing a sudden "compliance storm." Practitioners in related businesses have reported encountering bewildering regulatory requirements during the application process for virtual asset-related business qualifications. The existing written policy requires an additional 5 hours of Continuing Professional Training (CPT).However, the latest requirements were not issued through formal written documents or public guidelines, but were communicated "quietly" to license upgrade applicants in the form of verbal notifications or individual emails, stating that all responsible officers (RO) for relevant license upgrades, including those who have already obtained upgrade qualifications, must pass a virtual asset regulation exam conducted by a designated single institution. This nearly "invisible" directive undermines the transparency and fairness that regulatory agencies should uphold.Chen Zhi-hua suggested maintaining the original requirement of an additional 5 hours of Continuing Professional Training (CPT) and urged regulatory agencies to immediately suspend the enforcement of exam requirements through invisible policies.

According to Scam Sniffer, 10 hours ago, a victim lost 4,556 ETH (worth $12.25 million) due to copying the wrong address from a contaminated transfer record.

According to Xinhua News Agency, the relevant departments of the State Taxation Administration have informed that tax authorities are continuously strengthening the publicity and guidance on the taxation of residents' personal overseas income. Since last year, taxpayers have been reminded to conduct self-examinations on income obtained from abroad from 2022 to 2024. According to the Tax Collection and Administration Law and other laws and regulations, if taxpayers fail to file tax returns or make calculation errors resulting in unpaid or underpaid taxes, tax authorities can recover the tax and late fees within three years; if tax evasion is constituted, legal action will be taken.Residents are required to pay individual income tax on income obtained from both domestic and foreign sources, which is a common international practice that helps prevent cross-border tax evasion and protects national tax rights. Tax authorities remind that paying taxes in accordance with the law is an obligation of every citizen. If taxpayers find that they have not declared their overseas income as required, they should promptly correct their declarations in accordance with the law.

According to Scam Sniffer monitoring, another victim lost $81,132 by copying the wrong address from contaminated transfer records.

Scam Sniffer posted on platform X that a victim lost approximately 50 million dollars due to copying an incorrect address from contaminated transfer records.

Ripple announced a partnership with Swiss crypto bank AMINA Bank, which becomes the first European bank to adopt Ripple's end-to-end payment solution. By integrating Ripple Payments, AMINA Bank can provide customers with 24/7, minute-level cross-border fund settlement without relying on traditional correspondent banking systems.The collaboration aims to address the inefficiencies faced by crypto-native enterprises in cross-border payments, particularly in stablecoin settlements, within the traditional banking system. Ripple Payments supports the parallel processing of fiat and stablecoins, bridging the gap between Web3 and traditional finance.AMINA Bank stated that the introduction of Ripple technology will significantly reduce cross-border friction and enhance its ability to serve crypto-native clients. Earlier this year, AMINA became the world's first bank to support the custody and trading of Ripple's stablecoin RLUSD.

According to CCN, AMINA, a crypto bank regulated by Switzerland's FINMA, has become the first European bank to officially launch Ripple's payment cross-border settlement solution. This integration connects blockchain settlement with traditional banking systems, allowing customers to efficiently conduct cross-border transfers within a regulated framework.Myles Harrison, Chief Product Officer of AMINA, stated that traditional correspondent banking networks cannot support both fiat and stablecoin rails simultaneously, while Ripple's technology significantly enhances banking capabilities, reduces cross-border friction, and helps crypto-native clients maintain a competitive edge.

According to Financefeeds, Swiss crypto bank AMINA Bank has integrated Paxos' USDG stablecoin into its institutional services and joined the Global Dollar Network (GDN). As a FINMA-regulated Swiss crypto bank, AMINA Bank continues to expand its institutional-grade digital dollar services.Myles Harrison, Chief Product Officer of AMINA Bank, stated that this collaboration reflects AMINA's ongoing commitment to compliant innovation. In addition to custody and trading, AMINA has also launched a rewards program that offers higher annual rewards for USDG balances.

Swiss crypto bank Amina Bank, along with Crypto Finance Group and its partner banks, recently completed a pilot project using Google Cloud Universal Ledger for distributed ledger technology (DLT): achieving fiat settlements between regulated banks in Switzerland, reaching near real-time, 24/7 availability.The pilot did not introduce a new digital currency but continued to use traditional commercial bank funds, demonstrating that DLT technology can seamlessly integrate with traditional banking systems within the existing regulatory and compliance framework. Officials stated that this achievement lays the groundwork for future promotion of "cross-border payments," "multi-currency settlements," and "point of sale (POS) integrated payments," indicating that the traditional financial system may be on the verge of a Web3/blockchain infrastructure transformation.

Dragonfly partner Haseeb published a lengthy article on social media titled "Defending Exponential Functions," reflecting on the current pessimism in the crypto market. He pointed out that the market mentality has shifted from "financial nihilism" to "financial cynicism," with many believing that blockchain project valuations are too high and will face collapse.Haseeb used Amazon as an example, noting that the company only began to turn a real profit 22 years after its founding, during which time critics constantly questioned its business model. He believes that the blockchain industry is in a similar phase and should not be evaluated using linear growth thinking and traditional financial metrics like price-to-earnings ratios.The article emphasizes that blockchain technology will exhibit exponential growth, akin to the trajectory of early e-commerce development. While the growth may not be as smooth as that of e-commerce, its potential cannot be overlooked. Haseeb believes that blockchain will ultimately change the way finance and currency operate, just as the internet transformed other industries.He calls on investors to become long-term believers, trusting that blockchain will bring about a profound transformation in society and finance, and states, "If you believe in exponential growth, everything is still very cheap from a long-term perspective."

According to Business Wire, AMINA (Hong Kong) Limited has received an upgrade to its Type 1 license from the Hong Kong Securities and Futures Commission (SFC), becoming the first international banking group to offer cryptocurrency spot trading and asset custody to professional investors in Hong Kong.The services cover 24/7 trading, custody, and cryptocurrency deposits and withdrawals to whitelisted addresses, initially supporting 13 types of cryptocurrencies (including BTC, ETH, USDC, USDT, and major DeFi tokens), and utilizing SOC 1/2 Type 2 level infrastructure. AMINA stated that it will subsequently expand to private fund management, structured products, derivatives, and RWA tokenization, targeting institutions, corporations, and high-net-worth clients.

ChainCatcher news, Swiss crypto bank Amina Bank's Hong Kong subsidiary Amina HK has announced that it has obtained the Hong Kong Securities and Futures Commission's license upgrade approval, which will allow it to provide virtual asset services to users.It is reported that Amina HK has currently launched dual-currency certificates linked to four cryptocurrencies, including Bitcoin, but there are no strategic considerations for applying for a virtual asset trading platform license at this time.

ChainCatcher news, the cryptocurrency bank AMINA Bank AG, regulated by the Swiss Financial Market Supervisory Authority (FINMA), announced that it has partnered with the Polygon Foundation to officially offer staking services for the Polygon ecosystem's native token POL and provide staking rewards for participants.

ChainCatcher news, according to Businesswire, cryptocurrency bank AMINA Bank AG, regulated by the Swiss Financial Market Supervisory Authority (FINMA), announced that it has partnered with the Polygon Foundation to officially provide staking services for the Polygon ecosystem's native token POL and offer staking rewards to participants.

ChainCatcher news, Swiss crypto bank AMINA has announced that it is the world's first bank to offer compliant institutional staking services for the Polygon blockchain native token POL.By partnering with the Polygon Foundation, AMINA clients can earn staking rewards of up to 15%, which includes base returns and additional incentives. This service provides institutional clients such as asset management companies and corporate treasuries with a compliant way to participate in the security of blockchain networks, while also expanding AMINA's existing POL custody and trading services. The CEO of Polygon Labs stated that this indicates institutions have shifted from merely purchasing tokens to deeply engaging in the blockchain ecosystem.

ChainCatcher message, the DePIN project Multiple Network stated on platform X that previously, due to third-party market makers unlocking and selling tokens, the original MTP token supply was contaminated, resulting in compromised token security. To protect community interests and ensure system stability, the team will implement a comprehensive token swap, accompanied by systematic buyback measures.At 10 AM Beijing time, all exchanges will suspend the deposit/withdrawal/trading of MTP and take a snapshot. The new MTP tokens will be automatically issued at a 1:1 ratio (applicable to both exchange users and on-chain users). The new token contract address (BSC chain): 0x83330d159C9A4B09E6717feeFef7a634b70D216A. According to previous news, Binance Alpha will support the BEP20 contract swap for Multiple Network (MTP).

ChainCatcher news, according to Financefeeds, Swiss licensed crypto bank AMINA today announced the official launch of trading and custody services for SUI tokens, becoming the world's first regulated institution to provide bank-grade services for Sui blockchain native assets. This service is open to institutional investors with no trading volume limits and plans to support SUI staking features in the future.AMINA Bank holds a banking and securities dealer license issued by the Swiss Financial Market Supervisory Authority (FINMA) and has regulatory authorization in Abu Dhabi and Hong Kong.Previous report, Swiss AMINA crypto bank supports trading of Ripple stablecoin RLUSD, providing custody and trading services.

ChainCatcher news, AMINA Bank AG, a crypto bank regulated by the Swiss Financial Market Supervisory Authority (FINMA), announced that it has become the world's first regulated bank to offer SUI token trading and custody services. SUI is the native token of the Sui blockchain, known for its high speed, scalability, and institutional-grade applications.AMINA plans to launch SUI staking services for customers in the coming months. This move comes as SUI enters a broader public market, including the SEC review of Canary Capital, the Nasdaq application of 21Shares, and the inclusion of the Bitwise crypto index ETF, demonstrating increasing institutional recognition of Sui's technological advantages. By providing early access, AMINA helps customers seize market opportunities and accelerates the global expansion and adoption of the Sui ecosystem.

ChainCatcher news, according to CoinDesk, Swiss crypto-friendly financial bank AMINA Bank has announced support for Ripple's newly launched USD stablecoin RLUSD, becoming the first global bank to offer custody and trading services for this currency.It is reported that the service will initially be available to institutional clients and professional investors, with plans for further expansion in the coming months. RLUSD is backed by U.S. Treasury securities and regulated by the New York Department of Financial Services, with a current issuance of $430 million. AMINA Bank stated that its goal is to connect traditional banking with crypto financial infrastructure, and it has established regulated business hubs in Switzerland, Hong Kong, and Abu Dhabi.