South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China

South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean … Read more

Over 500 BTC Belonging to Iranians Seized by US Government: Report

According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms … Read more

HashFlare Offers Clients No Alternatives for Suspended Bitcoin Cloud Mining Contracts

Cryptocurrency companies active in the world of cloud mining always face an uphill struggle. It is evident things are not looking all that great as of right now. HashFlare, one of the bigger cloud mining providers as of right now, has confirmed that it will not resume Bitcoin mining for the time being. HashFlare Calls … Read more

Costa Rican Workers Can Be Legally Paid in Cryptocurrency

Employees in Costa Rica can receive part of their salary in cryptocurrency and that wouldn’t be against the law. Certain provisions in the national legislation allow companies to pay their workers not only with fiat money but also with goods, and some legal experts believe cryptos can fit in this category. Besides, Costa Rican laws … Read more

UK Judge Confiscates 300 Bitcoin Through Proceeds of Crime Act

Criminals still tend to favor Bitcoin and other cryptocurrencies to mask their activities. That is not an advisable course of action, as most of these currencies lack both privacy and anonymity features. Over 300 BTC was confiscated by the UK police after they arrested a notorious drug dealer and money launderer. Another Bitcoin Criminal Gets … Read more

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