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Cryptocurrency Financial News

Category: Asia-Pacific

Posted on 7th February 2019

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

Posted on 31st January 2019

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea has decided not to lift its ban on domestic initial coin offerings after a watchdog’s survey found projects have been violating rules.

Posted on 21st January 2019

Crypto Exchange CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

Two execs from South Korean crypto exchange Komid have been given jail time for faking trading volume and deceiving investors.

Posted on 16th January 2019

New Zealand Police Keeping ‘Open Mind’ on Cryptopia Hack

New Zealand Police says the investigation into the hack of crypto exchange Cryptopia is complex and it’s keeping an “open mind” on all possibilities.

Posted on 15th January 2019

New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack

New Zealand-based cryptocurrency exchange Cryptopia has gone offline claiming “significant” losses arising from a hack.

Posted on 14th January 2019

Malaysia to Regulate ICOs as Securities Offerings from Tuesday

Malaysia’s securities watchdog will have powers to regulate digital asset offerings and crypto exchanges from tomorrow.

Posted on 11th January 2019

Coincheck Wins Crypto Exchange License 12 Months After Major Hack

Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity.

Posted on 10th January 2019

China’s Internet Censor to Start Regulating Blockchain Firms Next Month

China’s internet censorship agency is bringing in regulations for blockchain service providers in the country.

Posted on 10th January 2019

Two Thirds of Korean Crypto Exchanges Fail Government Security Check

Only seven out of 21 South Korean cryptocurrency exchanges got a full pass in a recent government security audit.

Posted on 10th January 2019

Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2

Thailand’s Ministry of Finance has granted digital asset business licenses to four crypto firms, while rejecting two others.

Posted on 8th January 2019

Japan Eyes Regulation of Unregistered Crypto Investment Schemes

Japan’s financial regulator is reportedly looking to close a loophole that lets unregistered investment firms solicit funds in cryptocurrencies.

Posted on 7th January 2019

Japan’s Financial Regulator May Green Light Crypto ETFs: Report

Japan’s Financial Services Agency is considering the approval of crypto exchange-traded funds (ETFs), according to a Bloomberg source.

Posted on 27th December 2018

Former Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End

In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, said he did not embezzle funds.

Posted on 26th December 2018

India May Legalize Cryptos But Under ‘Strong’ Rules: Report

The Indian government could possibly legalize cryptocurrencies, but with tough terms and conditions attached, a news report suggests.

Posted on 21st December 2018

Executives at Korean Crypto Exchange UPbit Indicted for Fraud

Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.

Posted on 12th December 2018

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.

Posted on 10th December 2018

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

A Japanese politician has proposed four changes to the taxation system he says will promote adoption of cryptocurrency in the country.

Posted on 6th December 2018

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

Reported suspicious crypto transactions soared in the first 10 months of 2018, but fiat is still vastly more popular in money laundering.

Posted on 3rd December 2018

Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog

The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are “illegal” in the city.

Posted on 20th November 2018

Singapore’s Stock Exchange Clarifies Rules for Listed Firms Issuing ICOs

SGX has clarified the rules for publicly listed companies planning to conduct token sales.

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