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 […]

Asia-Pacific / 12:54 pm

Coinbase Confident Japanese Crypto Exchange License Arriving in 2019

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 […]

Asia-Pacific / 10:50 am

Singapore Moves to Help Crypto Startups Receive Banking Services

The Monetary Authority of Singapore (MAS), the city-state’s central bank, is working to ensure cryptocurrency startups receive domestic banking services as part of the country’s efforts to boost fintech development. In an interview with Bloomberg on Tuesday, Ravi Menon, the institution’s managing director, said the central bank is trying to “bring the banks and cryptocurrency […]

Asia-Pacific / 8:24 pm

Taiwan Lawmaker Pitches AML Rules Update to Cover Crypto

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 […]

Asia-Pacific / 5:08 pm

South Korea’s Policy Chief Calls for Legalization of ICOs

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 […]

Asia-Pacific / 10:43 am

India’s Central Bank Denies ‘Formal Creation’ of Blockchain Unit

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 […]