Posts in category

Asia-Pacific


Amazon Web Services’ (AWS) China division is partnering with public blockchain project Qtum. The partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization, making it the 29th largest cryptocurrency, to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers. Revealed exclusively to CoinDesk, the partnership will allow AWS …

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A senior executive of the U.S.-based crypto exchange Coinbase has said he is confident the firm will receive an operating license in Japan next year, even while regulators in the country are stepping up scrutiny of crypto exchanges. Mike Lempres, chief policy officer of Coinbase, said that the process of getting a license is “going …

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China should increase its research efforts on the topic of stablecoins and consider backing domestic institutions in issuing a yuan-pegged cryptocurrency, a researcher from the People’s Bank of China (PBoC) argues. The comments come in an op-ed piece published Tuesday by CN Finance, a bi-weekly magazine and a mouthpiece of the Chinese central bank, and co-authored by Li …

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A Taiwanese legislator wants cryptocurrency transactions to abide by the same money laundering laws that govern traditional financial instruments. To that end, Jason Hsu – sometimes referred to as Taiwan’s “crypto congressman” – has proposed an amendment to the nation’s Money Laundering Control Act to cover cryptocurrencies. Under his proposal, the amendment would include new rules for …

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The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), provided that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global …

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The RBI has denied the “formal creation” of a unit to research AI and blockchain technology, according to a report. The clarification after an investigation by Coin Crunch India comes weeks after the central bank was rumored to have set up the supposed unit to “research and possibly draft rules” for the emerging technologies. In an …

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Shares in the publicly listed blockchain tech and consultancy firm DigitalX have slumped after it revealed it is facing a legal claim in an Australian court In an announcement to the Australian Securities Exchange (ASX) Friday, the firm says it has been served with an Originating Application and Statement of Claim in the Australia’s Federal …

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Zebpay, once the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today. Giving only several hours’ notice, the Ahmedabad-based company said in a tweet that, from 16:00 local time (10:30 UTC) on Friday, it will halt its exchange service and cancel all unexecuted orders, crediting the funds …

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An arbitration body in the Chinese city of Nanjing has launched an online ruling system that it says has a built-in blockchain network for depositing and storing data in legal disputes. The Nanjing Arbitration Committee announced on Thursday that the online platform is now live in a testing phase. Data uploaded to the system will …

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A joint venture between SBI Holdings and Ripple has moved a step closer to launching its blockchain-based payments app for consumers. SBI Ripple Asia announced Wednesday it has completed registration with the Kantou bureau of Japan’s Ministry of Finance as a licensed agent for handling electronic payments. The move clears the regulatory path for SBI Ripple Asia …

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Taiwan police have arrested Cody Wilson just days after U.S. police accused him of sexually assaulting a minor, a CBS affiliate reported Friday. Citing the Taiwan Criminal Investigation Bureau (CIB), CBS Austin said Wilson was arrested this morning. The arrest was seemingly confirmed by the Taiwan News, a 60-year-old media outlet based in the country. …

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After news broke yesterday of yet another hack of a cryptocurrency exchange in Japan, the country’s police authority has released figures revealing the rise in such attacks this year. According to a report from The Asahi Shimbun Thursday, the National Police Agency (NPA) has released data for the first six months of 2018 that reveal …

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Official government websites in India ran cryptomining scripts without their owners’ knowledge, the Economic Times reported Monday. Municipal government websites in the state of Andhra Pradesh, among others, were infected by cryptomining software such as Coinhive, security researchers found. Users visiting these websites would then inadvertently mine cryptocurrencies on behalf of the hackers who injected …

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The Reserve Bank of India made the argument on Wednesday at the Supreme Court that bitcoin cannot be recognized in the country. In a case that has been brought by a number of exchanges against the Indian central bank for blocking their access to banking services five months ago, the RBI argued via an affidavit …

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Japan’s financial market watchdog is looking to expand its team focused on crypto-related activities next year to better handle the growing interest among Japanese companies in gaining a cryptocurrency exchange license. The Financial Services Agency hosted the fifth study group meeting on cryptocurrency Wednesday, with trading platforms, scholars, lawyers, and government officials present. Kiyotaka Sasaki, …

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South Korean financial watchdogs are contacting domestic blockchain startups as part on an investigation into initial coin offerings (ICOs). According to an exclusive report from CoinDesk Korea, the probe is causing jitters among the firms over whether it could ultimately lead to some form of sanctions if firms are considered to have broken rules on token sales. …

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A Chinese government agency in charge of social services is planning to adopt blockchain technology for an upgrade of its current charity tracking system – a move aimed to bring greater visibility into public donations. The country’s Ministry of Civil Affairs released an action plan for 2018–2022 on Monday, which outlined several areas in which …

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The WeChat messaging app is continuing its efforts to block official accounts that involve cryptocurrencies, now targeting those that distribute content for sales of bitcoin miners and cryptocurrency market analysis. The official sales channel of bitcoin mining giant Bitmain, which has the WeChat ID “antminersale,” appears to be blocked on Monday. As of press time, …

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A top Australian financial regulator has indicated it will take a new approach when regulating cryptocurrency exchanges, as well as tighten scrutiny of initial coin offerings (ICOs),. In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue …

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Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts in China should review legal disputes. Part of the new regulation specifies that internet …

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