Asia-Pacific / 3:47 am

Korean Lawyers Urge Government to Draw Up Blockchain Rules

The body governing South Korean lawyers has called on the government to hasten the introduction of blockchain regulations. According to a report from Reuters on Thursday, the Korean Bar Association said the government should “quickly” develop blockchain laws in the country to help develop the tech industry and protect investors. Kim Hyun, president of the […]

Asia-Pacific / 2:15 pm

Chinese School Principals Caught Mining Ethereum At Work

Two principals at a Chinese school got in hot water after stealing power from the institution to mine the ethereum cryptocurrency. According to a report from Hong Kong news outlet HK01 on Wednesday, Puman Middle School in Hunan province had been experiencing higher than normal noise levels from its computers over recent months, even on the […]

Asia-Pacific / 4:12 am

Indian Officials Met to Discuss Possible Ban on ‘Private Cryptocurrencies’

The Indian government is considering imposing a ban on what it calls “private cryptocurrencies” in the country. At the 19th meeting of the Financial Stability and Development Council (FSDC) on Tuesday, the country’s finance minister Arun Jaitley discussed “the issues and challenges” of crypto assets and cryptocurrency, among other things, according to a press release […]

Asia-Pacific / 9:34 am

Hong Kong’s Securities Watchdog to Regulate Crypto Funds

Hong Kong’s Securities and Futures Commission (SFC) says it will bring crypto funds under its securities regulations to improve investor protection. In a circular issued Thursday, the financial regulator said that investment funds based in Hong Kong and that intend to invest more than 10 percent of their gross portfolios into “virtual assets,” either directly […]

Asia / 2:46 am

Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether

Ledger, the hardware cryptocurrency wallet maker, plans to add support soon for more stablecoins, including expanding tether (USDT)’s usability across all its products and services, executives said. Currently, the company supports tether for its two handheld storage products, the Ledger Nano and Ledger Blue, but it intends to add the U.S. dollar-linked cryptocurrency to its […]

Asia-Pacific / 3:57 am

India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks

The Supreme Court of India has asked the country’s government to provide an opinion on cryptocurrencies, amid legal fallout from a ruling by the central bank in April. On Thursday, the court held a hearing on a number of petitions filed by local cryptocurrency exchanges, as well as the Internet & Mobile Association of India (IAMAI), […]

Asia-Pacific / 12:47 pm

North Korean Hacking Group Lazarus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 […]

AliPay / 11:56 am

What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to […]

Asia-Pacific / 2:13 pm

North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 […]

Asia-Pacific / 9:18 am

Japanese Government Working to Simplify Cryptocurrency Tax Filings

Japan’s Tax Commission is looking for ways to simplify the current tax filing system for cryptocurrencies in order to ensure investors accurately report their gains. The commission, which guides policy on taxation and also advises the prime minister, held a general assembly meeting on Oct. 17 to discuss potential improvements to the process, according to regional […]