Cryptocurrency exchanges Huobi Japan and Fisco are said to have been investigated by the country’s financial watchdog last week. A Reuters report on Tuesday, citing “two sources familiar with the matter” said that the Financial Services Agency (FSA) visited the…
Tag: Asia-Pacific
Former Mt. Gox CEO Mark Karpeles to Appeal Conviction
Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, is to appeal his conviction on data manipulation charges earlier this month. According to a report from The Associated Press on Friday, Karpeles said he had decided to appeal…
Thai SEC Bans Three Cryptocurrencies from ICO Investment, Trading Pairs
Thailand’s financial markets regulator has banned several cryptocurrencies as a means to invest in ICOs and as a base in trading pairs. The country’s Securities and Exchange Commission (SEC) issued rules last July, mandating that any entity seeking to conduct a…
What China’s Cashless Revolution Can Teach the West About Crypto
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.…
Uzbekistan Looks to Lure Crypto Exchanges With New Tax Benefits
The Uzbekistan government is welcoming cryptocurrency exchanges to set up shop within the country. An order issued by president Shavkat Mirziyoev on September 2 gives foreign exchanges a number of benefits to begin operating in the country. The document states that…
Vietnam’s Securities Regulator Warns Industry to Avoid Crypto Activities
Vietnam’s securities regulator has warned industry companies and funds in the country to avoid activities related to cryptocurrencies. In an announcement this week, Viet Nam News reported Wednesday, the State Securities Commission (SSC) said firms should avoid issuance, transactions or brokerage of…
South Korea Plans Tax Perks for Blockchain Startups
The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country’s push for innovation growth. Announced Wednesday,…
Indonesian Regulator Gives Green Light for Crypto Futures Trading
Indonesia’s Futures Exchange Supervisory Board (Bappebti), a commodities market regulator under the country’s Ministry of Trade, has reportedly ruled that cryptocurrencies are commodities that can be traded on the country’s futures exchange. According to a Jarkata Post report on Monday, the agency’s…
Indian Telecoms Watchdog to Combat Nuisance Calls with Blockchain
India’s telecoms watchdog is planning to leverage blockchain technology to combat nuisance calls and SMS messages. The Telecom Regulatory Authority of India (TRAI) issued draft regulation on Tuesday, marking its intent to utilize the nascent tech in offering a more “agile”…
China State TV: Token Sales Still ‘Rampant’ After Central Bank Ban
China Central Television (CCTV), the country’s highest-level government mouthpiece, has hit out at domestic initial coin offerings (ICOs) that it says are still “rampant,” despite a 2017 ban. During its “Financial News” program aired on Monday night, the state media…