Exchanges

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South Korean National Pension Fund Indirectly Invests In Crypto Exchanges

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The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges such as Upbit, Bithumb, and Korbit. This was revealed amid the country’s regulators continually releasing regulatory measures for cryptocurrencies. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Investments In Crypto Exchanges Amid South Korean regulators pushing … Read more

Russia Finalizes Federal Law on Cryptocurrency Regulation

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The Russian government is in the process of finalizing the federal law for the regulation of cryptocurrencies and initial coin offerings. The draft law has now been officially published. It regulates the creation, issuance, storage, and circulation of cryptocurrencies. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Legal Crypto Definitions The … Read more

The Marketing Ploys of Clones: Another Project Aims to Create a ‘Perfect Bitcoin’

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This week another bitcoin-based clone is coming called ‘Bitcoin Atom,’ a project that joins the myriad of other BTC copycats that have allegedly copied the protocol since late 2017. According to the team, the BCA network will launch when the bitcoin core network processes block 505,888 or roughly around January 25. Also read: South Korean Card … Read more

South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks

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The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. Also read: Cryptocurrency Activities Will Be Legal and … Read more

South Korean Card Companies Block Transactions to Overseas Cryptocurrency Exchanges

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South 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 … Read more

Tax Loophole Closing For South Korean Cryptocurrency Exchanges

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The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations What Tax Rates Apply To … Read more

Korean Crypto Exchanges to Share Data with Banks in New Account System This Month

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The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Exchanges to Share Data with Banks The Korean … Read more

Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments

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The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government … Read more

Overwhelmed Cryptocurrency Exchanges Are Hiring Staff by the Hundreds

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Cryptocurrency exchanges have been overrun for months, as record demand has caused throttling or restriction of service altogether. With exchanges buckling under the strain, a number of platforms have been forced to temporarily shut their books. On Thursday, Bitstamp announced plans to recruit 100 new call center staff as it struggles to feed the crypto … Read more

Survey: Indians See Brighter Crypto Future than Americans

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Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that most people will … Read more