What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to […]

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ASX-Listed DigitalX Hit With Legal Action Over ICO Involvement

Shares in the publicly listed blockchain tech and consultancy firm DigitalX have slumped after it revealed it is facing a legal claim in an Australian court In an announcement to the Australian Securities Exchange (ASX) Friday, the firm says it has been served with an Originating Application and Statement of Claim in the Australia’s Federal […]

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Uzbekistan Looks to Lure Crypto Exchanges With New Tax Benefits

The Uzbekistan government is welcoming cryptocurrency exchanges to set up shop within the country. An order issued by president Shavkat Mirziyoev on September 2 gives foreign exchanges a number of benefits to begin operating in the country. The document states that cryptocurrency-related income will not be taxed, licensed exchanges running operations with cryptocurrencies and foreign fiat […]

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Crypto Exchange Bithumb Halts Services Amid $31 Million Hack

Bithumb, one of the largest cryptocurrency exchange in South Korea by trading volume, is halting asset deposit and withdrawal services after a hack that has stolen 35 billion won (or $31 million) worth of cryptos from the platform. The company said in an announcement today that the hack happened since late Tuesday night until early Wednesday […]

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Taiwan Moves to Capture Bitcoin Under Money Laundering Laws

The government of Taiwan has moved a step closer to regulating bitcoin under anti-money laundering (AML) rules. In an announcement on Tuesday, the state’s Ministry of Finance said it will push for the regulation of cryptocurrencies under same AML rules already covering the traditional financial sector. Citing guidance issued by Financial Action Task Force, an intergovernmental […]

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Trump Sanctions on North Korea Won’t Stop Crypto Hacks, Senator Says

The Trump administration imposed new sanctions on North Korea last week, but one U.S. senator has said that the measures don’t go far enough in deterring the reclusive country’s efforts to steal cryptocurrencies. The sanctions were unveiled on Feb. 23, targeting North Korea’s shipping and maritime trading industries. The goal, as stated at the time, […]

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Singapore Deputy PM: ‘No Strong Case to Ban Cryptocurrency Trading’

Singapore’s government has indicated that it sees no need to prohibit cryptocurrency trading. Tharman Shanmugaratnam, Singapore’s deputy prime minister and chairman of Monetary Authority of Singapore (MAS), said in a written response to MPs yesterday that cryptocurrency and related trading activity currently do not pose any threat to Singapore’s finance system. He stated that MAS has […]

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South Korea Doesn’t Intend to Ban Crypto Trading, Says Finance Minister

South Korea does not intend to ban cryptocurrency trading, the country’s finance minister has said. In response to a question from a lawmaker on the government’s plans for regulation of the industry, Kim Dong-yeon said, “there is no intention to ban or suppress cryptocurrency [market],” as reported by Reuters today. Rather than follow China’s lead […]

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South Korea Announces Date for Ban on Anonymous Crypto Trading

South Korea’s financial watchdog has set a deadline for the ban on anonymous cryptocurrency trading accounts within the country. According to a new announcement from the Financial Services Commission (FSC), starting from Jan. 30, cryptocurrency investors in South Korea will have to use real-name bank accounts in order to continue trading. Once the rule comes […]

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