South Korea Updates ICO Stance After 3-Month Investigation

South Korea Updates ICO Policy After 3-Month InvestigationThe South Korean government has updated its stance on initial coin offerings (ICOs) as well as announced the results of its 3-month investigation of ICO activities carried out by Korean companies. The government found that many companies have bypassed its ICO ban and conducted token sales overseas. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

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South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korea Cracks Down on Unauthorized Cryptocurrency FundsSouth Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into […]

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PBOC Provides Update on Its Crypto Prevention Efforts

PBOC Provides Update on Its Crypto Prevention EffortsThe People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek […]

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$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

$2.5 Billion Sent Out of Iran to Purchase CryptocurrenciesThe chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion […]

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Indian Crypto Exchanges Strategize to Challenge RBI Crackdown

Indian Crypto Exchanges Forming Strategies to Challenge RBI CrackdownIndian crypto exchanges are devising strategies to challenge and respond to the Reserve Bank of India’s order to prohibit banks from servicing businesses dealing in cryptocurrencies. News.Bitcoin.com talked to Sathvik Vishwanath, CEO of a leading Indian exchange Unocoin, to find out more details. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Going International […]

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Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

Corporations Bypassing Korean ICO Regulations With Overseas SubsidiariesMajor corporations in South Korea are increasingly establishing cryptocurrency subsidiaries and launching initial coin offerings outside of the country due to prohibitive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Regulations Driving Away Businesses An increasing number of corporations in […]

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Korean Regulator Warns Kakao’s ICO Abroad Could Violate Crypto Regulations

Korean Regulator Warns Kakao's ICO Abroad Could Violate Crypto RegulationsResponding to media reports that South Korean internet giant Kakao plans to raise funds using an initial coin offering (ICO) abroad, the country’s financial regulator reportedly warned that the ICO could violate current cryptocurrency regulations. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies ICOs Abroad Could Still Violate Korean Laws Kakao Corp, […]

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Korea Investigates 20 Public Companies for Using Crypto Claims to Boost Share Prices

Korea Investigates 20 Public Companies for Using Crypto Claims to Boost Share PricesThe South Korean financial authorities are investigating 20 publicly listed companies for unfairly using cryptocurrency claims to boost their share prices. Crypto-related companies do not always follow through with their plans after seeing their share prices surge. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Investigating 20 Companies The South Korean Financial Supervisory […]

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Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies OverseasThe largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bypassing Russian Regulations At a […]

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South Korean Card Companies Block Transactions to Overseas Cryptocurrency Exchanges

South Korean Card Companies Block Transactions to Overseas Cryptocurrency ExchangesSouth Korean card companies are reportedly working on blocking payments to overseas cryptocurrency exchanges. Currently, 20 major crypto exchanges are blocked but that number is expected to increase, according to the Korean Credit Finance Association. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Blocking Payments Overseas South Korean card companies have […]

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