Asia-Pacific

India May Legalize Cryptos But Under ‘Strong’ Rules: Report

| Yogita Khatri

The Indian government could possibly legalize cryptocurrencies, but with tough terms and conditions attached, a news report suggests.

Executives at Korean Crypto Exchange UPbit Indicted for Fraud

| Yogita Khatri

Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.

Mark Karpeles

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

| Yogita Khatri

Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

| Yogita Khatri

A Japanese politician has proposed four changes to the taxation system he says will promote adoption of cryptocurrency in the country.

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

| Yogita Khatri

Reported suspicious crypto transactions soared in the first 10 months of 2018, but fiat is still vastly more popular in money laundering.

Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog

| Yogita Khatri

The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are "illegal" in the city.

Singapore’s Stock Exchange Clarifies Rules for Listed Firms Issuing ICOs

| Yogita Khatri

SGX has clarified the rules for publicly listed companies planning to conduct token sales.

Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Scheme in Japan

| Yogita Khatri

Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that amassed about $68.70 million.

Bitmain Denies Reports CEO Jihan Wu Ousted from Bitcoin Miner’s Board

| Wolfie Zhao

Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary.

Bitcoin Miner Canaan’s IPO Likely Delayed After Hong Kong Filing Expires

| Wolfie Zhao

Canaan Creative's IPO may be in doubt as the bitcoin mining firm's filing with the Hong Kong Stock Exchange has now lapsed.