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Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi … Read more
Gazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto … Read more
The cryptocurrency situation in Japan is evolving in many different directions. While Bitcoin is a legal payment method in the country, multiple exchanges are still facing regulatory scrutiny. So much, in fact, that two more platforms have been forced to shut down due to this mounting regulatory pressure. Curtain Call for Tokyo GateWay and Mr. Exchange … Read more
The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more
The regulatory situation surrounding cryptocurrency is creating a lot of confusion. Very few countries have any active guidelines in this regard, although it seems that will come to change rather soon. Chile’s Association of Banks and Financial Institutions has been asked to take a definitive stance on this particular industry once and for all. How that will … Read more
Crowdfunding in the United States is a most dangerous game. Massachusetts brought no fewer than five acts of censure on the same day this week. Censure is a formal legal settlement entered into, in this case, with crypto companies accused of financial law violations, and usually involve a Consent Order (to prevent further prosecution, individual … Read more
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in … Read more
The United States’ Commodity Futures Trading Commission (CFTC) has received a $1 million USD budget cut. The announcement has come following the CFTC Chairman, Christopher Giancarlo requested an increase in the regulator’s budget of 12 percent. Also Read: 80,000 New Merchants in Europe Gain Option to Accept Crypto CFTC Request For Funding Increase Answered With Budget … Read more
A draft law aiming to protect the rights of owners of cryptocurrencies, while regulating their use for payments, has been introduced in Russia’s parliament. The bill defines terms like “digital money” and “digital rights”. It also allows authorities to subject cryptos to taxation, inheritance rights, and bankruptcy claims. Also read: Bill “On Digital Assets” Filed … Read more
At times when the Indian crypto community is dealing with increasingly hostile environment, an initiative is bringing new investors on board. Bitcoin gift vouchers are gaining popularity in India’s IT hub – Hyderabad. A growing number of Indians like the idea of a cheap and low-risk entry into cryptocurrencies. Also read: Tax Filing Platform Teams … Read more
