China State Grid Corporation, the country’s state-owned power utility, is looking to blockchain to advance its plans for an “Internet of Energy.”
3.5 Million Traders: Japan Releases Domestic Cryptocurrency Statistics
Japan’s Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.
$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.
Normal Tax Rules Apply to Crypto Income, Says South Africa
The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.
Singapore Plans Blockchain Push to Boost ASEAN Financial Inclusion
The Singapore government is looking to boost blockchain development in an effort to improve financial inclusion across Southeast Asian countries.
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.
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.
Vitalik: Ethereum App Builders Are Being ‘Screwed’ By Scaling Limits
At a conference in South Korea Wednesday, ethereum creator Vitalik Buterin sought to raise awareness of the platform’s technical limitations.
Crypto Data Startup BitKan Raises $10 Million in New Funding
After closing its OTC trading service, Chinese bitcoin startup BitKan is looking to expand its business with $10 million in a Series B round.
Korea’s Crypto Exchanges Pledge Market Cleanup
While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self-regulation efforts.
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.
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.
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.
Arizona Bitcoin Trader Convicted for Crypto Money Laundering
An Arizonan bitcoin trader has been convicted for using the cryptocurrency to launder the proceeds of drug deals.
Singapore Launches Blockchain Challenge with Funding Prizes
The Singapore government is launching an innovation-boosting blockchain challenge that will reward successful projects with funding.
Crypto Exchange OKEx to Roll Back Trades After Futures Plunge
OKEx has halted token withdrawal and futures trading amid irregular activities that pulled down bitcoin futures price significantly.
Bitcoin Breaks Below $7K to Fall to 50-Day Low
Bitcoin has dropped below $7,000, reaching a month-low since Feb. 7 while the cryptocurrency market is seeing a major sell-off.
UK Financial Watchdog Warns Over Unregistered Crypto Brokerage
The U.K.’s Financial Conduct Authority has warned investors over an unregistered brokerage that appears to be offering crypto-related derivatives.
China’s Central Bank Eyes Crypto as Possible Yuan Risk
The People’s Bank of China says cryptocurrencies will be a top priority for the agency this year, in an effort to protect the national currency.
West Virginia Piloting Blockchain Voting App in Senate Election
The U.S. state of West Virginia is trialing a voting system for absentee military personnel using a mobile app powered by blockchain technology.