Places Asia

North America has embraced decentralized finance the most amongst all regions of the world.

Bitcoin mining activity more than doubled in the US, following China’s crackdown.

A report from China has revealed that over 20 firms have closed because of the crypto ban.

South Korea is undecided on how it should tax gains made from NFTs

Kucoin has advised its Chinese users to move their digital assets to another crypto platform.

Decentralized finance (DeFi) is profiting from China’s new shakedown on the crypto industry.

Out of the 66 crypto exchanges operating previously in Korea, only 29 of them met the authorities new regulations.

Senator Toomey recently put pressure on the SEC Chairman Gensler, sending him a list of 25 burning questions, as he asked for detailed and concrete clarification surrounding current crypto regulation. 

Binance has declared that it has stopped dealing with China since 2017.

Crypto exchanges operating in South Korea are running a race against time as their registration deadline approaches.

Hong Kong is being assimilated into mainland China which puts the dampers on crypto innovation in the region.

The country's ruling party is fighting a battle with the Ministry of Finance over the implementation of a new crypto tax law.

South Korean operators are facing mass shutdown as the September 24 deadline for foreign and local crypto exchanges to register with the authorities approaches. 

The island nation has long and planned its own CBDC. And development is now set to begin.

Meitu reported a $17,3 million impairment loss on its Bitcoin holdings in the first half of 2021.

The case marks the latest proceeding against cryptocurrencies from the historically crypto-adverse Chinese government.

Binance Singapore has announced its new CEO in its bid to become more regulatory compliant.

The publicly traded exchange announced its inroads in the country yesterday.