PANews reported on September 22nd that data from the Financial Information Analysis Unit ( FIU ) of South Korea showed that virtual asset service providers submitted 36,684 suspicious transaction reports ( STRs ) from January to August 2025 , exceeding the combined total of the previous two years. During the same period, virtual asset-related crimes totaled 9.56 trillion won, with "underground banking" crimes accounting for over 90%. Recently, stablecoins such as USDT have been used for illegal cross-border fund transfers, and relevant authorities are strengthening their monitoring and oversight.PANews reported on September 22nd that data from the Financial Information Analysis Unit ( FIU ) of South Korea showed that virtual asset service providers submitted 36,684 suspicious transaction reports ( STRs ) from January to August 2025 , exceeding the combined total of the previous two years. During the same period, virtual asset-related crimes totaled 9.56 trillion won, with "underground banking" crimes accounting for over 90%. Recently, stablecoins such as USDT have been used for illegal cross-border fund transfers, and relevant authorities are strengthening their monitoring and oversight.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more