Asia Pacific


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Chinese City Causes Confusion with Digital Asset Exchange Proposal

A city government in China is mulling the creation of a "blockchain digital asset exchange," but no one is quite sure what it means.

chongqing china

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Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos

South Korea-based Coinrail has not disclosed the exact amount lost in the breach, but data suggests the damage could be $40 million.

hack

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Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

won

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Korean Police Allege Coinone's Crypto Margin Trading Is Illegal Gambling

A South Korean police department says execs at crypto exchange Coinone will be charged over claims its margin trading service is illegal gambling.

south korea police

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Japan to Deny Crypto Exchange Application in Regulatory First

The Financial Service Agency is reportedly planning to deny a registration application filed by a crypto exchange over KYC failings.

FSA

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Chinese Firm Reportedly Nets $18 Million in 'Questionable' Token Sale

Despite China's 2017 ban on ICOs, a Chinese firm still appears to have openly promoted a token sale that reportedly raised $18 million.

Marbles

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Indonesian Regulator Gives Green Light for Crypto Futures Trading

Indonesia's futures watchdog has reportedly ruled that cryptos are commodities that can be traded on the country's futures exchange. 

indonesia rupiah

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Stock Trading App Removes Crypto Price Tracking After Debut

A new service for tracking cryptocurrency prices on a popular stock trading app has become unavailable, possibly due to regulatory rumblings.

China stocks

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Hong Kong Official Rules Out Plan for Central Bank Digital Currency

Hong Kong's de facto central bank has no plan to issue a central bank digital currency (CBDC), a government official said on Wednesday.

hkd

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Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling

South Korea's Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.

gavel korean won