Asia-Pacific

Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

| Daniel Palmer

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

Korean Police Allege Coinone’s Crypto Margin Trading Is Illegal Gambling

| Wolfie Zhao

A South Korean police department says execs at crypto exchange Coinone will be charged over claims its margin trading service is illegal gambling.

Japan to Deny Crypto Exchange Application in Regulatory First

| Wolfie Zhao

The Financial Service Agency is reportedly planning to deny a registration application filed by a crypto exchange over KYC failings.

Chinese Firm Reportedly Nets $18 Million in ‘Questionable’ Token Sale

| Wolfie Zhao

Despite China's 2017 ban on ICOs, a Chinese firm still appears to have openly promoted a token sale that reportedly raised $18 million.

Indonesian Regulator Gives Green Light for Crypto Futures Trading

| Wolfie Zhao

Indonesia's futures watchdog has reportedly ruled that cryptos are commodities that can be traded on the country's futures exchange. 

Stock Trading App Removes Crypto Price Tracking After Debut

| Wolfie Zhao

A new service for tracking cryptocurrency prices on a popular stock trading app has become unavailable, possibly due to regulatory rumblings.

Hong Kong Official Rules Out Plan for Central Bank Digital Currency

| Wolfie Zhao

Hong Kong's de facto central bank has no plan to issue a central bank digital currency (CBDC), a government official said on Wednesday.

Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling

| Wolfie Zhao

South Korea's Supreme Court ruled Wednesday that cryptocurrencies can be forfeited in criminal cases, allowing the seizure.

Indian Telecoms Watchdog to Combat Nuisance Calls with Blockchain

| Sujha Sundararajan

India's telecoms regulator plans to leverage blockchain technology to combat unsolicited phone calls and SMS messages.

Korean National Assembly Makes Official Proposal to Lift ICO Ban

| Daniel Palmer

South Korea's legislative arm of government is pushing for the removal of the country's ban on domestic initial coin offerings.