Asia Pacific


Markets

$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.

Hangzhou

Markets

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.

korea won bitcoin

Markets

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.

fsa

Tech

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.

sk police

Markets

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.

Skorea

Markets

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.

shutterstock_167801732

Markets

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.

Sydney, Australia

Markets

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.

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Markets

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.

bitcoin mining

Markets

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.

baht bitcoin