virtual currency

Policy Easing, New Crypto Classification in South Korea

7 days ago admin2 0
Regulation South Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with G20 policies. While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks. In addition, the Bank of Korea has Read More

Thailand Officially Announces Rules for Token Issuers, Portals, and Investors

1 week ago admin2 0
Economy & Regulation The Thai Securities and Exchange Commission (SEC) has officially announced its regulations for initial coin offerings (ICOs). The rules specify requirements for ICO portals, issuers, as well as who can invest in tokens. The Commission has also provided a series of infographics to explain the regulations. Also read: Yahoo! Japan Confirms Entrance Into Read More

Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

3 weeks ago admin2 Comments Off on Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
Exchanges South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Theft Amount Reduced South Read More

Korean Government Launches Investigation into Crypto Hacks

3 weeks ago admin2 Comments Off on Korean Government Launches Investigation into Crypto Hacks
Regulation Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that Read More

Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

4 weeks ago admin2 Comments Off on Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses
News Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since Read More

Coinbase Cryptocurrency Index Fund Now Open For Investment

1 month ago admin2 Comments Off on Coinbase Cryptocurrency Index Fund Now Open For Investment
Finance Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Read More

South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency

1 month ago admin2 Comments Off on South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency
Finance The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is Read More

BTC City – Slovenia’s Largest Shopping Center to Become a ‘Genuine Bitcoin City’

1 month ago admin2 Comments Off on BTC City – Slovenia’s Largest Shopping Center to Become a ‘Genuine Bitcoin City’
News Slovenia’s largest shopping destination is implementing strategies to become a “genuine Bitcoin City.” Coincidentally named BTC City already, the complex stretches 475,000 square meters and is filled with 500 retail stores. It was recently visited by the country’s prime minister who got acquainted with its bitcoin strategy. During his visit, the state secretary bought Read More

331 High-Income Traders Declared Crypto Profits in Japan

2 months ago admin2 Comments Off on 331 High-Income Traders Declared Crypto Profits in Japan
Taxes The Japanese tax authority has for the first time revealed the number of high-income taxpayers who declared cryptocurrency profits in the year 2017. Out of the total number of taxpayers with miscellaneous income of 100 million yen or more, excluding public pension, 60% of them reported income from crypto transactions. Also read: Yahoo! Japan Confirms Read More