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.… Read More
Alibaba’s Taobao Bars Crypto, ICO Services 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.… Read More
3.5 Million Traders: Japan Releases Domestic Cryptocurrency Statistics Japan’s Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.… Read More
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. … Read More
$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. … Read More
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.… Read More
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.… Read More
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.… Read More
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.… Read More
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.… Read More