Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings
Bank of Thailand has permitted banks to set up branches for dealing with cryptocurrencies, while the main crypto-dealings ban still remains Go to Source Powered by WPeMatico
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Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public
Philippines SEC have released draft rules for regulating ICOs, requesting banks and investors provide feedback by the end of the month Go to Source Powered by WPeMatico
FT: UK MP Resigns From Two Blockchain Roles Over ‘Secret’ ICO Pay Deal Controversy
The former chair of the UK Tory party has resigned from two blockchain-related roles after media allegations of an undisclosed ICO pay deal Go to Source Powered by WPeMatico
Korean Crypto Exchange Bithumb Suspends Opening New Virtual Accounts
Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. These accounts are part of the real-name system enforced by the Korean government earlier this year. Only three exchanges in the country are now reportedly able to open new virtual accounts for … Read more
Australian State Government Invests in Crypto Startup to Promote Regional Tourism
The state government of Queensland, Australia, has invested in a digital currency tourism startup to boost the tourism industry in the province Go to Source Powered by WPeMatico
US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain
A major new report from the U.S. Treasury Department has called for a more agile and conducive regulatory approach to innovations in the fintech sector Go to Source Powered by WPeMatico
South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges
The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. Also read: Yahoo! Japan Confirms … Read more
New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik
A Russian request to extradite Alexander Vinnik has been supported by a Greek Court, complicating the case as France and the U.S. seek his extradition as well Go to Source Powered by WPeMatico
Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion
DMG Blockchain has started installing an 85 megawatt substation for a flagship crypto mining facility in Canada Go to Source Powered by WPeMatico
US: Lawmaker Calls for More Action from Congress on Regulating Crypto
Republican U.S. Congressman Bill Huizenga calls for more action in Congress on crypto regulation and empowering financial authorities Go to Source Powered by WPeMatico