Search
South Korea plans interagency crackdown on illegal crypto transactions
19.4.2021
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week
Court Summons Mirror Trading International Executives Over BTC Global Scam Allegations
18.4.2021
Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called BTC Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them. Two MTI Executives Linked to...
Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon
17.4.2021
Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as...
Co-Founder of South Africa’s Crypto Index Fund Reveals the Plan to Launch Country’s First Bitcoin ETF
16.4.2021
Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting...
South Korean City Threatens to Seize Cryptos From Tax Evaders
16.4.2021
Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes...
Former South Korean Social Media Giant in Talks ‘With Major Gaming Companies’ to Implement Its Crypto
15.4.2021
A former South Korean social media giant is still keeping alive its promise to relaunch its business with the help of the cryptocurrency industry. A local media outlet reported that Cyworld is in talks with “major gaming companies” that involve crypto-related ventures. Company Also...
S Korean MPs Seek to Ban Crypto Felons from Returning to the Industry
15.4.2021
Convicted South Korean crypto criminals should be barred from re-entering the domestic crypto market, lawmakers have stated – as politicians continue what they have vowed will be a “crackdown” on irregularities in the industry.
Per the media outlet Weekly Today, the influential MP Lee Jung-mun,...
South Korea's largest bank joins Hedera Governing Council
14.4.2021
Shinhan Bank plans to use Hedera’s infrastructure to bolster the efficiency of many of its internal processes
South Korean City Goes to War with Tax Evaders, Will Seize their Crypto
14.4.2021
The South Korean city of Gyeongju, in North Gyeongsang Province, has announced that it will investigate tens of possible cases of suspected tax evasion to see if high tax-band individuals are concealing their money in crypto – with token “collection and seizures” possible.
Per Gugkje News, the city...
How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles
13.4.2021
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos...
South Korean crypto traders are pivoting to ‘smaller cap’ altcoins
13.4.2021
Bitcoin trading activity in South Korea has reportedly dipped amid rising interest in smaller altcoins
P2P Bitcoin Trade Volumes Surge in Kenya and Ghana but Nigeria Still Dominates
11.4.2021
According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa...
South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’
10.4.2021
Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government...
New South Korean Crypto ‘Crackdown’ not ‘Bluster’ as Banking Ties Strain
8.4.2021
Source: Adobe/Raphaël Bourgeois
The South Korean government has announced that it will embark on a “crackdown” on illegal crypto transactions, including those made on international crypto exchanges – following a meeting of high-powered political leaders, law enforcers and financial...
Digital yuan campaign planned for contested island in the South China Sea
8.4.2021
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan
South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals
7.4.2021
A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised...
Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea
7.4.2021
A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country
Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?
7.4.2021
South Korea's Kimchi premium collapsed overnight, but it is likely not a sign of a short-term Bitcoin top
North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report
7.4.2021
A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers...
At Least 10 South Korean Crypto Exchanges’ ‘Survival Not Guaranteed’
7.4.2021
More South Korean crypto exchanges are almost certain to fold in the months ahead, regulators and industry insiders have claimed, with just five months left before some of the toughest policing measures in the world come into force.
Per Fn News, regulatory sources familiar with the matter claim...