South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn

South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges.

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China Bans Crypto Events in Beijing, Blocks 124 Trading Platforms

Despite a nationwide crackdown on cryptocurrencies already in place, the Chinese government went one step further and passed a decree forbidding all crypto-related events in Beijing’s financial district.

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China Continues Its Crypto Crackdown, Blocks Public Access to Offshore Exchanges

China has stepped up its crackdown on digital assets as it blocks the public from accessing more than 120 exchanges. Authorities are reportedly continuing to identify and police domestic websites offering information on crypto trading and initial coin offerings (ICOs).

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Chinese Authorities Block 124 Overseas Crypto Exchanges

The Chinese authorities continue their crusade against cryptocurrency trading in the country by blocking web access to overseas platforms.

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Is Crypto In China About To Hit A Brick Wall?

In two days, we have seen three significant news pieces out of China that all point towards an all out ban on cryptocurrencies from Chinese authorities. As it stands in China, some aspects of crypto are banned and others are totally legal, however it seems that new regulations are coming into force by the day, regulations that are going to put an awful lot of pressure on the crypto community within China.

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124 Foreign Crypto Exchanges to be Forced Out of the Country by Chinese Authorities

The Chinese authorities make new attempts to block the access to the overseas crypto trading platforms. Local websites and WeChat accounts accused of providing crypto trading or ICO services also get under the hammer.

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Bx3 Capital Suggests a Draft for Crypto Regulations in the US

Digital currencies have baffled the world with their volatility and even governments and financial authorities around the world are unsure about what they should make of cryptocurrencies. In the US, the Securities and Exchange Commission (SEC) has had a tense relationship with these coins.

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China Officially Bans All Crypto-Related Commercial Activities

China’s most popular messaging app, WeChat, has been asked to shut down the accounts of several blockchain and crypto-related news outlets as new regulations are enforced.   China Makes Ban Official According to the latest tweet by Dovey Wan — the Managing Director of Dhanua Capital, a California-based venture capital fund — the Chinese government authorities have released an official order asking to ban all the cryptocurrency-related commercial activities and events.

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China Bans All Crypto Events After Spending $3 Billion to Fund Blockchain Startups

The Chinese government has banned all commercial crypto and blockchain-related events in the region, after encouraging local financial authorities to speed up the development of blockchain technology.

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An Update Venezuela’s Petro, It’s Looking Worse Than We Thought

The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation.

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Gemini Inspires New Crypto Regulation Through The Virtual Commodity Association

Winklevoss owned cryptocurrency exchange, Gemini, have established a working group that has been designed to allow crypto exchanges in the United States to self regulate themselves in lieu of any regulations from the SEC and other relevant authorities.

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BitConnect's Alleged Ringleader Arrested in India: Local Reports

Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).

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Was BitConnect India A Ponzi Scheme? The Police Sure Think So

BitConnect India is now at the centre of an investigation as authorities believe that the whole concept was ‘probably’ a Ponzi scheme, a scam that saw round $3 billion in investments before the ‘exchange’ closed down in January 2018.

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Three Hackers Held in China Over $87 million Crypto Theft

Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD.

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Bitcoin Stickers Attract Unwanted Attention from Authorities

Bitcoin, while becoming more widely known and a little better understood among the general public, is still considered suspicious among rank and file security folk such as customs and airport agents.

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Regulations Roundup: This Fall May Bring More Crypto-Friendly Jurisdictions

August is not the best period for important decisions but it seems a good time to sketch plans for the second active half of the year. Authorities in several countries have shared their intentions regarding the regulation and oversight of the crypto space.

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Vietnamese Government Bans Mining Hardware Imports

Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet.

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South Korea Includes Blockchain in $4.4 Billion Innovative Growth Plan

The crypto technology is one of the key areas that South Korea’s authorities think would spearhead economic growth.

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Remember, Crypto Trade In Saudi Arabia Is Illegal

Off the back of a surge in trading volume within Saudi Arabia, Saudi authorities have issued a reminder to their citizens to ensure that they are all aware that cryptocurrency trading an investment is illegal.

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Why We Have To See Bitcoin Regulation

Cryptocurrency regulation is one of the key features needed for a global cryptocurrency adoption. Governments, banks and other authorities will not allow a total adoption of cryptocurrency for as long as cryptocurrency remains self-governing and volatile, as a result of uncertainty.

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Thailand Authorities Detain Dragon Coin Crypto Scammer In $24 Million Theft

The cryptocurrency Dragon Coin recently attempted to launch their fraudulent platform, promising any contributor that the company would equally invest in their shares as well. Bangkok Post reported that investors played their part, but Dragon Coin did not fulfill their end of the deal.

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The Solution To The Broken Real Estate Market – Dominium

The blockchain promises to fix pretty much everything. When we look at the implications of blockchain technology, the list for potential applications is frankly huge. One big area that needs to be addressed is the global property market.

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South Korean Authorities Raids Crypto Firm in Alleged Crypto Scam

A Local firm in South Korea, Shinil, was raided in the early hours of yesterday by authorities of the country due to an alleged crypto scam that saw the company promise investors the remains of a wrecked Russian ship, Dmitrii Donskoi, during the Russo-Japanese war in 1905.

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BTC, ETH And BCH Owned In Huge Amounts By Members Of The White House

Within the United States, members of Congress and other authorities are starting to be required to account for and declare their digital assets. This is a little bit of a paradox in that cryptocurrency was designed to challenge government control, yet in this scenario, we are seeing members of one of the world’s most powerful governments declare their crypto assets, on a frankly colossal scale.

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VeChain Announce Huge New Partnership With Giant Japanese Network

VeChain have announced a new partnership with NTT Docomo, the biggest mobile phone network provider in Japan. The partnership will see the pairing of NTT Docomo and the VeChainThor project. NTT Docomo are the biggest mobile phone network providers in Japan, supplying over 76 million customers with access to a mobile network across the country.

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Handshake: A Sensible Root Authority Service

Handshake (HNS) is giving away $100 million in crypto to help with the global launch of the replacement system of root authority servers for the internet architecture. Are Current Root Certificate Authorities Secure? Nope.

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$1.3 Billion Worth Of BTC Locked Up By Mt. Gox Won’t Move Till Next Year

Mt. Gox are back in the headlines, this time as a result of a decision made by authorities that will see money owed by Mt. Gox, held until summer 2019. Just to recap, Mt. Gox are due to credit the accounts of customers who had funds stolen during the Mt.

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Queensland Government To Support Payments In BTC, LTC, ETH, DASH And XEM

According to reports out today, local authorities in Queensland are alleged to be piloting a programme that could see the adoption of a number of cryptocurrencies within the state. The currencies in question include Bitcoin, Litecoin, Ethereum, Dash and NEM.

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Founders Bank Advertising Skirts Malta Banking Act Regulations

Malta-based decentralized crypto bank project Founders Bank is still awaiting a licence from local authorities.

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XRP To Be Added To Canada’s Leading Cryptocurrency Exchange

XRP is set to be added to Coinsquare, one of the biggest cryptocurrency exchange platforms in Canada. This is exciting news, especially as it falls in line within a period that is seeing extensive research carried out by the Canadian Central Bank into cryptocurrencies and blockchain technology.

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Korean Authorities Looking into Possible ShipWreck ICO Scam

The authorities in South Korea are working round the clock to unravel a possible crypto investment scam, involving Shinil Group, a Seoul-based firm, which allegedly offered to pay investors in gold, from a Russian ship that sank 113 years ago.

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Dubai Shake Up Legal System With New Blockchain Court Design

In line with a vision for a blockchain future, legal authorities within Dubai are now looking into the development of a new blockchain system designed to streamline legal proceedings that reach domestic court level.

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South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck.

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Big Coinbase Announcements See’s Jeff Horowitz Appointed As CCO

Coinbase, the leading cryptocurrency exchange in the United States and one of the biggest in the world has appointed financial mastermind Jeff Horowitz as the companies new Chief Compliance Officer (CCO).

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Korean Authorities Investigate Alleged Crypto Scam That Promised Investors Shipwreck Gold

South Korean authorities are investigating a possible crypto scam by a Seoul-based firm, which promised to pay investors in treasure from a sunken Russian shipwreck

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Plattsburgh Pushes back against the Crypto Miners, again

Cheap energy prices are sending crypto miners to the U. S. -Canadian border, turning hydropower into hash power, but the authorities are beginning to fight back. Taking Advantage of the Public Utilities Plattsburgh, a small town on the North American border has become ground zero for crypto mining.

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Bitcoin Magazine’s Week in Review: ETFs and Expansions

ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision.

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US: Lawmaker Calls for More Action from Congress on Regulating Crypto

Republican U.S. Congressman Bill Huizenga calls for more action in Congress on crypto regulation and empowering financial authorities

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Vietnamese Authorities Rule Against Everything Crypto

The future of crypto in Vietnam has been very uncertain of late. In fact, through 2018 all together, the country has remained very much on the fence about the future of crypto, including blockchain technology, currencies and projects that involve ICOs.

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Korea Needs To Establish Cryptocurrency Regulations, Now

Cryptocurrency fraud and crime is rife in South Korea. This year alone with have seen countless reports of fraud and hacks taking place within the country in instances that could have otherwise been stopped with adequate regulation.

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Authorities In India Admit They Recognise Bitcoin As A Legitimate Currency

As we should all know by now, cryptocurrency in India is taking a bit of a hit. With the Reserve Bank of India (RBI) ruling against it and the supreme court looking likely to do the same thing, by the end of September cryptocurrency could seriously hit a dead-end in the country.

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Founder Of WeExchange And BitFunder Pleads Guilty To Mass Crypto Fraud

Jon Montroll, the founder of two US based cryptocurrency trading platforms has pled guilty to allegations of security fraud that has seen Montroll deceive both investors and the authorities on multiple counts, allowing him to manipulate investigations into hacks that had taken place within his platforms.

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How To Bypass Donald Trump’s Economic Sanctions With Crypto And Bitcoin

We all seem to forget that cryptocurrency was made for this exact reason. By using the blockchain, cryptocurrency can allow citizens to break free from economic pressure to seek liberation from sanctions.

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Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks

The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry.

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Tax authorities will collect info on investors

By Adir Alon Going Towards Crypto Regulation? Tax Authorities in Israel Will Collect Information about Crypto Investors The Israeli Tax Authority conducted an audit at the offices of Bits of Gold and reached agreements whereby the company would provide information about customers who transfer over $ … The post [Guest Post] Tax Authorities in Israel

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EOS Is Still A Favourite In China, Now It’s Flying

Whilst the future for cryptocurrency in China is uncertain, there are still plenty of research authorities working in the country that are designed to explore and interpret cryptocurrencies. Within this, one such authority, the Chinese Centre for Information Industry Development (CCID) has released a number of rankings for cryptocurrencies from May this year, with the most recent update to the ranking taking place this week.

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Binance Plans to Expand Into South Korea

Cryptocurrency exchange Binance is making plans to expand operations into South Korea, reports Business Korea. Per the report, Binance CEO Changpeng Zhao hinted at his company's expansion plans while speaking at the Blockchain Partners Summit in Seoul last weekend.

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Binance Crypto Exchange Rumors Surface of South Korean Expansion

Binance Plans To Enter South Korean Market Binance, one of the largest cryptocurrency exchange platforms, is ready to enter the South Korean market. The news is reported by a local news portal, Korea Business, but has not been confirmed by Binance.

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Crypto regulation agreement: A joint effort by South Korea and China

In a new initiative, South Korea is working towards an organizational change that would create a dedicated department for establishing and regulating crypto policies with the crypto regulation agreement.

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