Thailand Commences Cryptocurrency Regulations Today

The decree to regulate cryptocurrencies and initial coin offerings in Thailand goes into effect on Monday. The government has also revised the country’s tax code to add crypto taxation. Sellers of digital tokens will face a fine or even jail time if they fail to register with the regulator within 90 days. Also read: Yahoo! Japan … Read more

New Crypto Exchanges Open in Korea, Thailand, Vietnam, and the Philippines

The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space South Korea’s Coinbit South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit. … Read more

Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and … Read more

100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective

There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 30% … Read more

Upbit’s “Investigation” Has Nothing to Do with Fraud, Everything to Do with Pooled Liquidity

As is usually the case when the cryptocurrency markets are taking a beating, people want to know what is driving this bearish pressure. It appears the South Korean media has misreported an ‘incident’ involving popular domestic exchange Upbit. While there is an irregularity being investigated, it seems this is mainly based on a big misunderstanding. … Read more

Facebook’s Own Cryptocurrency Won’t See the Light of Day Anytime Soon

Various technology firms have made it clear that they aim to issue their own cryptocurrency or digital token. Telegram has done so, LINE will be doing so, and now Facebook is apparently getting “very serious” about their own cryptocurrency. Although this idea has been proposed in the past, it remains to be seen whether or … Read more

UK Firm Launches Ethereum Futures Trading

Ever since Bitcoin futures contracts became a thing, people have been wondering when other currencies would receive a similar treatment. Although that is not a straightforward process, some progress has been made where Ethereum is concerned. Crypto Facilities, a UK-based trading platform, has begun offering ETH/USD futures. Ethereum Futures Have Arrived With so many people … Read more