Asia Pacific

Regulation

PBoC Will ‘Crush’ Foreign ICOs Targeting Chinese Investors: Official

Pan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.

Policy & regulation  ·  10 July 2018
Hacking

1 Million Computers Hacked to Mine $2 Million-Worth of Cryptos

Hackers reportedly reaped more than $2 million in different cryptocurrencies after spreading malware across computers in China.

Policy & regulation  ·  9 July 2018
Thailand

Thailand SEC Reveals Date for Enacting ICO Licensing Rule

After a months-long process that saw public hearings and legislative debates, Thailand regulators said a rule on ICOs will take effect this month.

Policy & regulation  ·  5 July 2018
Exchanges

Thai Securities Firms to Team Up for Crypto Exchange Launch

With a new cryptocurrency law taking effect soon, a group of traditional securities firms in Thailand plans to jointly launch an exchange.

Policy & regulation  ·  2 July 2018
China

Blockchain Can Legally Authenticate Evidence, Chinese Judge Rules

A court in China's Hangzhou city has ruled that evidence authenticated with blockchain technology can be presented in legal disputes.

Policy & regulation  ·  28 June 2018
Exchanges

Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

Policy & regulation  ·  27 June 2018
Exchanges

Huobi Pro Exchange to Suspend Crypto Trading in Japan

Huobi Pro is to stop offering trading services to investors living in Japan, reportedly over its lack of a license in the country.

Policy & regulation  ·  27 June 2018
CBDC

2 APAC Nations Have Ruled Out Central Bank Digital Currencies

The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.

Policy & regulation  ·  26 June 2018
Exchanges

Japan’s Financial Watchdog Orders AML Shake-Up at 6 Crypto Exchanges

Japan's Financial Services Agency has issued business improvement orders to six licensed crypto exchanges operating in the country.

Policy & regulation  ·  22 June 2018
Crime

Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds

South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.

Policy & regulation  ·  21 June 2018
Exchanges

Crypto Exchange Bithumb Halts Withdrawals After $31 Million Hack

Bithumb, one of the largest crypto exchanges in the world by trading volume, confirmed a hack of $31 million worth of cryptos on its platform today.

Policy & regulation  ·  20 June 2018
Crime

Former Indian Lawmaker Declared ‘Offender’ in Bitcoin Extortion Case

A former Indian politician allegedly involved in a $1.3 million bitcoin extortion case has been declared a "proclaimed offender" by a local court.

Policy & regulation  ·  19 June 2018
Exchanges

Major Crypto Exchanges Face Action Over Money-Laundering Fears

Japan's Financial Service Agency is further cracking down on what it considers lax compliance with AML rules at larger, licensed exchanges.

Policy & regulation  ·  19 June 2018
Regulation

Internet Cafes Hacked to Mine $800k in Siacoin Cryptocurrency

A group of hackers have allegedly colluded with computer maintenance firms in China to place malware on internet cafe computers to mine cryptos.

Policy & regulation  ·  19 June 2018
Regulation

Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’

South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.

Policy & regulation  ·  18 June 2018