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From open arms to full bans: The latest on crypto regulation in Asia
13.9.2020
A look at the legal status of crypto in Asia, where new crypto hubs are emerging and thriving despite uneven regulation
A Gov official in South Korea proposed the nation’s first blockchain voting platform
12.9.2020
This region in South Korea may adopt a blockchain voting system
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
South African Crypto Exchange Luno Expanding Globally After Acquisition by Digital Currency Group
10.9.2020
Digital Currency Group has acquired South African cryptocurrency exchange Luno, which has more than five million customers in over 40 countries. The acquisition will help Luno expand globally, including across its existing markets in Africa, Europe, and Asia. DCG Committed to Helping Luno Expand...
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...
Small value crypto transfers in Africa have increased by 55%
10.9.2020
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year
Ukraine, Russia, South Africa, Nigeria Among Top Countries by Cryptocurrency Adoption
9.9.2020
Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis. Countries With Highest Crypto Adoption Chainalysis’...
Crypto meetups are dangerous to health and wealth, South Koreans warned
9.9.2020
The warning is not just because of the coronavirus pandemic
Bithumb Exchange’s Offices Raided Again by Korean Authorities: Report
8.9.2020
Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation
South Korean police reportedly raid Bithumb for second time
8.9.2020
Bithumb has remained quiet despite the second police raid in the course of a week
South Korean government agency to use blockchain-based employee ID system
6.9.2020
South Korean public entities are becoming blockchain-friendly
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...
Bithumb found ‘partially liable’ for a 2017 hacking incident
3.9.2020
Bithumb legal issues do not stop in South Korea
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange
2.9.2020
Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud
Seoul police reportedly investigating South Korea's largest crypto exchange Bithumb
2.9.2020
Another exchange in South Korea comes under the police spotlight
Police Raid South Korean Crypto Exchange Bithumb - Reports
2.9.2020
Police in South Korea are reportdely searching the headquarters of Bithumb, the nation’s biggest crypto exchange per trading volume as part of an investigation into fraud and embezzlement.
Per Newsis and Seoul Shinmun, officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided...
Unstaffed South Korean Stores to Use Blockchain ID Authentication
1.9.2020
New unstaffed convenience stores in South Korea will make use of blockchain-powered ID solutions – after major domestic blockchain firm Coinplug sealed a deal with a retail operator HP Retail and security provider Cubox.
Per iNews24, the firms will make use of Coinplug’s MyKeepin platform, lauched...
South Korean Central Bank Turns to Private Sector for CBDC Help
31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved.
Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...
South Africa Might Impose Tighter Crypto Taxes Rules - Auditor
31.8.2020
The South African Revenue Service (SARS) could bring in stricter taxes for the country’s cryptoasset holders in the near future, potentially hampering the development of an industry that has emerged as Africa’s biggest, analysts claim.
Wiehann Olivier, a partner in the auditing division...