Fisco, owner of the Zaif crypto exchange, is being forced to upgrade its management systems after an investigation by Japan’s financial watchdog.
Japan Watchdog Orders Improvements After Fisco Crypto Exchange ‘Violations’
Russian Hackers May Have Carried Out Largest Ever Crypto Exchange Theft
Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange.
Korean Crypto Exchanges Update T&Cs to Accept Liability for Hacks
Five South Korean crypto exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues.
Philippines Central Bank Warns on Risks of Growing Cryptocurrency Use
The Bangko Sentral ng Pilipinas will continue to regulate cryptocurrency use in the country, senior officials have said.
NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch
Many of the companies associated with NEO have proven to be a lucrative boon for token cofounders Erik Zhang and Da Hongfei.
Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance
Japanese tax authorities are said to be planning to take action on the under-reporting of cryptocurrency-based profits.
BitConnect Promoter Wanted Over Another Alleged Crypto Scam
A promoter of the now-shuttered crypto fraud BitConnect has again been charged over a different claimed cryptocurrency scam.
China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants
Authorities in Sichuan province are reportedly probing into local bitcoin mining farms that may have been constructed without official approval.
Rakuten Brings in Compliance Partner for New Crypto Exchange
E-commerce giant Rakuten has partnered with blockchain analytics firm CipherTrace to ensure AML compliance for its soon-to-launch exchange platform.
Korean Government Plans Action Over Risks of Resurgent Crypto Market
With the price of bitcoin surging, the South Korean government has held an inter-agency emergency meeting over the risk for investors.
Security Token Platform iSTOX Admitted to Central Bank Sandbox
iSTOX, a Singapore Exchange-backed security token platform, has joined a regulatory sandbox set up by Singapore’s central bank.
Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit
Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June’s G20 meeting.
Australian Crypto Scam Reports Rose Almost 200% in 2018
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog.
Indian Government Again Discussing Ban on Cryptocurrencies: Report
The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies, according to The Economic Times.
New Crypto-Mining Malware Targeting Asian Firms With NSA Tools
A new form of malware discovered by Symantec is targeting enterprises using leaked NSA tools to infect networks and mine monero.
China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance
The agency that regulates and manages China’s foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
Crypto Exchanges Huobi and Fisco Investigated by Japan Watchdog: Report
Crypto exchanges Huobi Japan and Fisco were investigated by the country’s Financial Services Agency last week, according to Reuters sources.
Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner
Japanese crypto exchange Zaif, which was hacked for $60 million last year, is reinstating all services after being acquired by investment firm Fisco.
Crypto Startups Barred from Indian Central Bank Fintech Sandbox
The Reserve Bank of India is setting up a regulatory sandbox for fintech startups – but crypto projects are excluded.
China’s New Policy Isn’t An Automatic Bitcoin Mining Ban – Here’s Why
Despite breathless headlines, a recent proposal by China’s economic planners would not automatically ban bitcoin mining.