Philippine SEC Warns of International Ponzi Offering 300% Daily Returns
‘Bitcoin Revolution’ Ponzi scheme targets investors from AUS, EU, and the Philippines using fake news & celeb endorsements on social media Go to Source Powered by WPeMatico
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MakerDAO’s Gustav Arentoft: Decentralization Is Not a Binary Choice
MakerDAO expanding to South East Asia: “When we started talking with them, we had 10 or 20,000 people on the platform. Now, before we have even launched, we had more than 600,000 people pass through KYC” Go to Source Powered by WPeMatico
Bitcoin Cash Meetups Go Virtual in Japan to Combat Virus, Allowing Members to Choose
Due to the spread of the COVID-19 virus, BCH meetup groups in Tokyo and Osaka, Japan, have announced they will be offering a virtual option for those wishing to avoid crowded places and to participate digitally, while still supporting merchants. In Tokyo, physical venues will still be booked for those opting to meet face-to-face, allowing … Read more
Philippine Cryptocurrency Regulator Accused of Misappropriating Millions
A Philippine crypto regulator is accused of misappropriating funds and funneling them into his family members’ electoral campaigns Go to Source Powered by WPeMatico
Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests
Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong and coronavirus outbreak have not affected his platform much. Also … Read more
Dubai Launching Crypto Valley in Tax-Free Zone
A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, … Read more
Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries
Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among Asian countries. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws … Read more
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have … Read more
IMF Helping Philippines Become Important Crypto Market
The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China … Read more
IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis Go to Source Powered by WPeMatico