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Latest from Sandali Handagama
South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says
The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
Singapore's Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation
The head of the Monetary Authority of Singapore insists this stance is "synergistic" and says price speculation is the source of the crypto world's problems.
Japan Looks at Corporate Crypto Tax Breaks to Entice Startups: Report
Two crypto lobby groups recently asked the government to reform crypto tax laws in the country, where investors can pay up to 55% on capital gains.
Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report
Police reportedly closed the exchanges and arrested their staff after Afghanistan's central bank stated that digital currency trading should be stopped, citing problems and scams.
Crypto Prices Are Fanned by Flawed Economics and Conspiracy Theories; CBDCs Are Immune: Bank of Finland Governor
While making a case for digital euro, Bank of Finland Governor Olli Rehn said central bank digital currencies won't be subject to the price volatility of private cryptos.
Crypto Exchange Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security
A class action lawsuit filed in a federal court in Georgia alleges the crypto exchange failed to secure users' accounts against theft and hacks, and seeks damages upwards of $5 million.
South Africa's Central Bank Greenlights Financial Institutions to Serve Crypto Clients
The bank warned against the "wholesale" banning of customers who have digital assets.
US Tribal Nation Economic Zone Publishes Draft Rules for DAOs
The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.
South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration
Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities" without proper registration, and could face fines or imprisonment.