Asia Pacific

Regulation

Taiwan Moves to Capture Bitcoin Under Money Laundering Laws

The government of Taiwan has moved a step closer to regulating bitcoin under existing anti-money laundering (AML) rules.

Policy & regulation  ·  11 April 2018
Regulation

Cloud Mining Contracts Are Securities, Says Philippines SEC

The Philippines securities watchdog has warned that it will regulate cryptocurrency cloud mining contracts under existing securities rules.

Policy & regulation  ·  11 April 2018
Regulation

Alibaba’s Taobao Bars Crypto and ICOs in Policy Update

Alibaba's Taobao e-commerce site has updated its list of prohibited goods and services on the platform, which now includes those related to cryptos.

Policy & regulation  ·  11 April 2018
Japan

Japan Could Have More Than 3 Million Crypto Traders

Japan's Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.

Policy & regulation  ·  10 April 2018
Bitcoin

Police Officers Charged in $1.3 Million Bitcoin Extortion Scheme

Ten Indian police officials have been charged with kidnapping and attempted extortion after allegedly forcing a victim to transfer 200 bitcoins.

Policy & regulation  ·  9 April 2018
China

$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.

Business  ·  9 April 2018
Exchanges

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.

Policy & regulation  ·  9 April 2018
Japan

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.

Policy & regulation  ·  9 April 2018
Exchanges

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.

Policy & regulation  ·  5 April 2018
Exchanges

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.

Policy & regulation  ·  4 April 2018
Europe

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.

Policy & regulation  ·  3 April 2018
Exchanges

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.

Policy & regulation  ·  3 April 2018
Regulation

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.

Policy & regulation  ·  2 April 2018
Crime

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.

Policy & regulation  ·  2 April 2018
Regulation

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.

Policy & regulation  ·  2 April 2018