Thailand is Following Japan in Crypto Regulation, Will it Benefit Local Market?

Nov 11, 2018

At the Fourth Regional Counter-Terrorism Financing Summit, Thailand’s Deputy Prime Minister Wissanu Krea-ngam disclosed the plans of the government to strengthen regulations around the crypto market. Minister Wissau specifically announced the intent of the government to solidify A...

Prominent Professor in South Korea: Blanket Ban on ICO is Delusional

Nov 11, 2018

This week, Hong Ki-hoon, a respected economics professor at the prestigious Hongik University, heavily criticized the decision of the government to place a blanket ban on domestic initial coin offering (ICO) projects. In Sept 2017, the government of South Korea and local financial aut...

South Korea Court: Banks Cannot Unfairly Treat Crypto Exchanges

Oct 30, 2018

On October 30, Seoul Central District Court ruled in favor of a local crypto exchange in a legal battle between Coinis and Nonghyup, one of the largest commercial banks in the country. In September, Nonghyup unilaterally announced the termination of its banking partnership with the loc...

High Profile Gov’t Official in Korea Calls For Better Crypto Regulation For First Time

Oct 4, 2018

Earlier this week, Min Byung-doo, the chairman of Korea's National Policy Committee, encouraged the government to impose better and more practical regulatory frameworks to govern the local crypto market. Most of the reports following the speech of chairman Min at the National Assembly ...

Japan Gov’t Issued Warnings to Zaif Prior to $60m Crypto Hack, Official Investigation

Sep 24, 2018

According to local publications, the Japanese government and its main financial watchdog Financial Services Agency (FSA) has launched an official investigation into Zaif, a major local crypto exchange which experienced a $60 million hack earlier this month. The FSA reportedly issued ...

Trend in Japan: Large Crypto Exchanges Get Hacked, Conglomerates Take Over

Sep 23, 2018

In Japan, the largest crypto exchange market in the world, a new trend has emerged; large conglomerates have started to acquire hacked digital asset trading platforms as a way to enter the cryptocurrency sector. Since the $500 million security breach of Coincheck, formerly the most widely uti...

Crypto Trading in China Remains Active After Ban, Firms Offer Exchange Insurance

Sep 11, 2018

According to Shanghai-based cryptocurrency startup InVault CEO Kenneth Xu, crypto trading in China remains active despite the country’s strict ban on digital asset investment. Many investors in mainland are relying on offshore exchanges and operators, most of them based in Hong Kong...

More Hackers Attack Korea’s Crypto Exchanges, How Gov’t is Stopping it

Sep 11, 2018

According to Jon Clay, prominent security expert and the director of global threat communications at Trend Micro, a rapidly growing number of hackers are targeting major crypto exchanges in South Korea. Throughout the past nine months, the cryptocurrency exchange market of South Korea h...

Korea Removes Crypto Exchanges From Tax Reduction Bill, Says it’s Gambling

Aug 20, 2018

Last week, the government of South Korea has released the draft of its tax reduction bill for startups. But, it excluded crypto businesses and alcohol distributors, claiming that digital asset trading is gambling. The Korea Blockchain Association along with other cryptocurrency organizati...

CEO Who Bought Coincheck After $500 Mln Hack: Crypto is Future of Finance

Aug 20, 2018

Oki Matsumoto, former Goldman Sachs executive and the CEO of Monex, who acquired major Japanese crypto exchange Japan for just over $34 million, has said in a recent interview that crypto is the future of finance. In April, Matsumoto and his team at Monex purchased Coincheck, after...