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According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions was largely contributed by the newcomer exchange backed by Kakao Corp. Also read: Indians Look to Buy […]
The post Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold appeared first on Bitcoin News.
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The Philippine Securities and Exchange Commission (SEC) has indicated that it is currently developing a regulatory framework designed to govern cryptocurrency transactions. The regulator emphasized the need for legislation pertaining to initial coin offerings (ICOs) in particular. Also Read: Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO” Philippine SEC to Partner With Overseas Counterparts The […]
The post Philippine SEC to Develop Cryptocurrency Regulations appeared first on Bitcoin News.
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SINGAPORE – The world’s first Love, Blockchain & AI driven Marketplace project, Viola.AI, has officially sold out its token pre-sale more than 5 days before its scheduled end date. Whitelist for the public sale is now open, as people continue to support Viola.AI’s mission of revolutionizing the love industry with the power of AI and Ethereum blockchain technology. 7.5 million tokens (not inclusive of bonus tokens) were sold out during the pre-sale, with contributors from over 100 countries.
The post PR: Viola.Ai Token Pre-Sale Sells out More Than 5 Days Ahead appeared first on Bitcoin News.
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Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective […]
The post Chairmen of SEC and CFTC Co-Author Article on Crypto Regulations appeared first on Bitcoin News.
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The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against “a virtual currency know as My Big Coin (MBC).” The CFTC alleges that the company raised more than $6 million USD by making false and misleading claims regarding the cryptocurrency’s utility and backing. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion […]
The post CFTC Files Against ‘My Big Coin’ for Scamming $6 Million USD appeared first on Bitcoin News.
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South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto […]
The post Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks appeared first on Bitcoin News.
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New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on […]
The post New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation appeared first on Bitcoin News.
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