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Asia Pacific
$1 Billion Blockchain Fund Launches with Chinese Government Backing
China now has a new blockchain fund with $1.6 billion available – 30 percent of that backed by the Hangzhou city government.

Korea to Inspect 3 Banks Over Crypto Exchange Connections
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.

Japanese Regulator Suspends Two Crypto Exchanges Over KYC Failings
Japan's financial regulator has ordered two cryptocurrency exchanges to halt operations for two months due to insufficient KYC procedures.

Korean Police Detain 4 Crypto Exchange Execs Over Alleged Embezzlement
South Korean police on Thursday detained four executives from two cryptocurrency exchanges over alleged embezzlement.

Korean Regulator Tells Crypto Exchanges to Revise User Agreements
South Korean regulators, whose decisions have shaken cryptocurrency markets in the past, are reportedly cracking down on exchanges' contract terms.

Don't Forget the 'Other' Cryptocurrency Tax
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.

New AML Rules for Australia's Bitcoin Exchanges Kick In Today
Australia’s cryptocurrency exchanges must now follow new rules aimed to counter money laundering and terrorism financing.

Taiwan Central Bank Proposes Money Laundering Rules for Bitcoin
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island's existing anti-money laundering regulations.

Korean Police Bust Bitcoin Miners Illegally Using Cheap Factory Power
Companies using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea have reportedly been arrested by police.

Thailand Inches Closer to Cryptocurrency Taxation
Thailand is expected to enact a law soon that will mandate cryptocurrency traders for both value added tax as well as capital gain tax.
