South Korea to Simplify Blockchain Investment With New Legislative Changes
Regulation overhauls this week see South Korea aim to simplify blockchain investment Go to Source Powered by WPeMatico
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Report: India May Not Ban Cryptocurrencies, But Treat Them as Commodities
An anonymous source in the government told news outlet Quartz that the Indian government is not planning to ban crypto, but rather will treat it as commodity Go to Source Powered by WPeMatico
South Korean Regulators to Introduce New Rules for Crypto and Blockchain
South Korean lawmakers are to present drafts of bills aimed at developing new rules for crypto, blockchain, and ICOs in the country Go to Source Powered by WPeMatico
Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services
Riyadh municipality in Saudi Arabia has partnered with IBM to jointly design a blockchain strategy to improve services in the government sector Go to Source Powered by WPeMatico
Special Unit Formed to Investigate Crypto Cases in India
A special investigations unit has been set up in the Indian state of Maharashtra where there is a rise in bitcoin-related scams. The unit will take over the investigation of all cases relating to cryptocurrency in the state that are currently handled by various police departments. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
Philippine Special Economic Zone Grants Licenses to Three Crypto Exchanges
The Cagayan Economic Zone Authority has awarded licenses to three crypto exchanges and expects to raise $3 million in investment Go to Source Powered by WPeMatico
New EU Directive Sets Stricter Transparency Rules for Digital Currencies
The EU Fifth Anti-Money Laundering Directive has come into force, setting new rules for European financial watchdogs to monitor cryptocurrencies Go to Source Powered by WPeMatico
Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor
The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government. Meanwhile, one of the nation’s largest crypto exchanges, Upbit, has denied … Read more
Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation
Three U.S. economists offer harsh criticism of Bitcoin, claiming that it’s doomed to be “regulated into oblivion” Go to Source Powered by WPeMatico
Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report
Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto Go to Source Powered by WPeMatico