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Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
South Korean Gaming Giant Unveils Two Mobile Blockchain Games
9.3.2020
WeMade Tree, the blockchain arm of South Korean gaming giant WeMade, has announced that it will release two new major blockchain-powered mobile gaming titles.
Per Sports Kyunghan, the two titles will be named Bird Tornado for WEMIX and Aqua for WEMIX.
WEMIX is Wemade Tree’s new blockchain-powered...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Potential
7.3.2020
Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their...
South Koreans Welcome New Crypto Laws – But There’s a Word of Warning
6.3.2020
South Korean cryptocurrency industry chiefs, legal experts, politicians and more have been having their say on yesterday’s landmark vote in the National Assembly to introduce the nation’s first-ever package of crypto-specific legislation.
As previously reported, the National Assembly green-lighted...
South Korean Lawmakers Greenlight Strict Crypto AML Bill
5.3.2020
South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation
Why Bitcoin Mining Might Be the New Business Model for US Power Plants
5.3.2020
South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?
South Korea Passes Law to Introduce Permit System for Crypto Exchanges
5.3.2020
Virtual currency exchanges in South Korea will soon have to report their activities to regulators after receiving real-name confirmed bank accounts
Breaking: South Korean Parliament Passes ‘Landmark’ Crypto Bill
5.3.2020
In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours.
The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee...
Crypto Custody Could Help Keep South Korea’s Biggest Exchanges Afloat
4.3.2020
South Korean cryptocurrency exchanges have been suffering as trading volumes continue to remain low or stagnant in what was once one of the world’s busiest bitcoin (BTC) and altcoin markets.
The downturn in trading has already seen many exchanges go out of business in recent months....
Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide
2.3.2020
On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently...
Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs
28.2.2020
A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment in the current uncertain...
Crypto Contributes to Money Laundering Problems in Latin America, Report
28.2.2020
Crypto exchanges in Latin America attract money launderers due to “extremely lax” AML and KYC regulations, a new report says
13,000 South Korean ATMs to Enable Litecoin Withdrawals
28.2.2020
Source: iStock/Ja'Crispy
Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW).
The Litecoin Foundation said...
13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances
28.2.2020
The Litecoin Foundation hopes to drive LTC adoption in Asia through the new partnership with MeconCash
Beyond the Law Star Steven Seagal Settles With SEC + More News
27.2.2020
Beyond the Law movie poster. Steven Seagal is in the middle.
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
The U.S. Securities and Exchange Commission (SEC) settled...
South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
27.2.2020
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
‘Mass South Korean Crypto Closures’ to Follow if Legislation Delayed
27.2.2020
South Korean cryptocurrency industry insiders are warning that the country’s failure to introduce crypto laws could be cataclysmic, with “mass bankruptcies” likely.
As Cryptonews.com reported yesterday, the South Korean National Assembly’s schedule has been thrown into turmoil by an outbreak of...
RippleNet to Boost Remittances Across Asia WIth New Partnerships
26.2.2020
A group of companies in South Korea and Philippines have joined RippleNet to bolster the remittance business
South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform
26.2.2020
Bithumb users can now instantly move Bitcoin and Ether to Bithumb Global with zero fees