Places Asia

China’s central and largest bank by market capitalization has officially banned all security token offerings (STO) and any related investment and businesses involved in the practice. STOs Face Government Wrath As reported by the South China Morning Post on Dec. 10, 2018, the enterprising and upcoming STO market will gain traction in the Chinese investor […]

In a recent controversy brought to light by Amber AI, Hong Kong-based cryptocurrency exchange OKEx has been allegedly engaging in “market manipulation and fraud,” impacting $400 million in trades. Investors are unable to seek help from the courts due to regulatory exclusions. An Achilles Heel for Investors Despite Hong Kong having been among the first […]

Elevated Returns, a pioneer of Trophy Real estate Tokenization, has recently announced a partnership with Securitize, a compliance platform, and protocol for issuing and managing digital securities on the blockchain. This partnership will allow Elevated Returns to spur their real estate tokenization program in Southeast Asia through the Securitize technology issuance platform. Elevated Returns recently […]

Bitmain’s billionaire co-founder Jihan Wu may sell over 1 million Bitcoin Cash SV (BCHSV), following the successful completion of a scheduled Bitcoin Cash hard fork on Nov. 15. I am wondering when I can deposit my BSV token into exchange to sell. — Jihan Wu (@JihanWu) November 17, 2018 A contentious hard fork of Bitcoin Cash […]

Asia’s traditional financial market has begun to recognize the investment merits of cryptocurrencies and its potential to be accepted as a formal asset class. Earlier this month, the Hong Kong’s Securities and Futures Commission (SFC) said that it will start to explore how to regulate the trading flows of cryptocurrencies. In the United States, preliminary […]

Thailand’s main opposition Democrat Party has become the first in the world to use blockchain technology in a live electronic voting system involving more than 120,000 voters for its primary election, Zcoin announced in a press release on Nov. 13. Thailand Becomes a Leader in Blockchain Adoption Despite a turbulent political atmosphere, the kingdom of […]

Headmaster Lei Hua has been fired from his job at a school in Hunan, China, after a total of nine mining rigs were found stealing his school’s electricity to mine Ethereum, the BBC reported on Friday. Chinese headmaster canned for mining cryptocurrency with school's electricityhttps://t.co/fFMAe2IYPj pic.twitter.com/fYSHNWmBaO — Gizmodo (@Gizmodo) November 9, 2018 School Foots the […]

Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users […]

As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets. Places such as Malta, Gibraltar, and Singapore have taken an open-arms approach to new crypto ventures and companies, coupled with a strict regulatory framework to help prevent fraud. India […]

Throughout the past 24 hours, several publications and public figures have misreported that China has put an end to its blanket ban on bitcoin and the cryptocurrency exchange market. On Nov. 9, one cryptocurrency-focused publication released a story entitled “China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.” The article instantly attracted […]

China’s central bank the People’s Bank of China (PBC) encouraged the government to increase supervision of blockchain-related ventures in a working paper released on Tuesday, warning that “bubbles were apparent,” according to Reuters. "China to Strengthen Supervision on Blockchain-Related Financing, Investment" by REUTERS via NYT https://t.co/A9MGNo1Z9d #crypto #blockchain — ACO (@altcoinore) November 6, 2018 ‘Cannot […]

Japan will test pilot a service to allow passengers to pay for limo rides with cryptocurrency, according to an article published Sunday by Bloomberg. Tokyo limousines to start accepting crytpocurrencies https://t.co/4tsGWPoicl — Bloomberg Crypto (@crypto) November 5, 2018 Expanding Into the Ride Business Payment company Remixpoint Inc., which also has its hands in the energy […]

Cryptocurrency transactions are getting a policy makeover in Taiwan after the country’s top financial watchdog agreed to curb illegal transfers and crackdown on those in violation of the law. Taiwan’s Crackdown As reported by Asia Times on Nov. 5, Taiwan’s Financial Supervisory Commission (FSC) has received full authority to exercise power on virtual currency transactions. […]

Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading volume of the Bitcoin-to-South Korean won pair, which has […]

Hong Kong unveiled a new set of regulations aimed at governing the local cryptocurrency trading and funding market in a move that seeks to improve investor protection and the city’s status as a premier financial hub. Accredited Investors Only As reported by the South China Morning Post on Nov. 1, Hong Kong’s Securities and Futures […]

Indian regulatory body the Financial Stability and Development Council (FSDC) is considering measures to ban the use of private cryptocurrencies while encouraging distributed ledger technology instead, after a meeting on Thursday. Mr. SC Garg briefed FSDC Council about the progress in the Inter-disciplinary committee on Crypto "to devise an appropriate legal framework to ban use of […]

NXMH, the subsidiary of NXC, the $10 billion parent company of game development firm Nexon, acquired major crypto exchange Bitstamp. Based in Belgium, NXMH is a Brussels-based investment firm which has made several high profile acquisitions of European corporations throughout the past five years including Stokke, a Norwegian firm that manufactures baby strollers that penetrated into […]

Thailand’s Securities and Exchange Commission (SEC) has issued a warning to investors against putting their money into initial coin offerings (ICOs) that are not recognized and authorized by the SEC. On Oct. 25, the Bangkok Post reported that the Thai market regulator has warned against investing in ICOs promoted through a plethora of online media, […]