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Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter
11.12.2020
Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
Execs from '99% fake' exchange face charges over market manipulation
9.12.2020
Police have charged Coinbit chairman Choi Mo and two unnamed executives with fraud and forgery related to market manipulation and prosecutors are preparing the case
How One Retailer Is Fighting PS5 Scalpers
8.12.2020
In South Korea, game retailer Gamewoori has a banner that reads, “Pre-Order Now” next to images of the PS5. The PS5 launched there on November 12, but like everywhere supplies are tight and hopeful customers still must reserve consoles from future shipments.Read more
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...
Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...
Sadly, Atelier Ryza 2 Won't Get A PlayStation 5 Upgrade In South Korea
4.12.2020
Originally announced for the PlayStation 4, Atelier Ryza 2 is also coming to the PlayStation 5 via a free update. In South Korea, however, it’s not. Read more
South Korea to delay new tax regime on cryptocurrencies until 2022
1.12.2020
The postponement follows a successful lobbying campaign by local crypto advocates
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong
Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters
27.11.2020
The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks
South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges
26.11.2020
South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a “digital asset management company” with a number of the nation’s leading blockchain players that will safeguard the bitcoin (BTC) holdings of corporate...
South Korean Crypto Tax May Be Delayed after Parliamentary Intervention
25.11.2020
South Korean crypto investors could receive a welcome stay of execution from new crypto taxes – with parliamentarians pushing Seoul to postpone a much-maligned crypto tax reporting act.
Per the Dong-a Ilbo, a leading South Korean parliamentary committee has made a late intervention in the matter...
South Korea May Delay Implementation of 20% Crypto Tax Till 2022
25.11.2020
The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare
South Korean government to delay crypto-tax rules by three months
25.11.2020
Following lobbying by the Korean Blockchain Association, crypto exchanges are given extra time to implement a new tax infrastructure
Bithumb crypto exchange temporarily closes some offices due to COVID-19
23.11.2020
Bithumb’s offline support center in Gangnam is closing down due to COVID-19
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
21.11.2020
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Crypto-keen South Korean Travel Unicorn Sets Sights on 2021 IPO
20.11.2020
Source: A screenshot, Instagram/yanolja.official
Yanolja, one of South Korea’s biggest travel firms and fastest-growing, most crypto-keen unicorns, is heading for an initial public offering (IPO) next year.
Per Newsway, Yanolja, which operates its own digital token-powered rewards program,...
South Korean Government Has Plans to Nurture Blockchain Unicorns
19.11.2020
Source: Adobe/s_lena
A South Korean minister has talked about the government’s intention of fostering “blockchain unicorns” as part of its medium-term strategy to boost growth and mitigate the devastating effects the coronavirus pandemic is set to take on the nation’s small and medium-sized...
Can blockchain make a difference? Africa sees vast monetary potential
15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems