Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported

The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are … Read more

South Korea Expected to End Anonymous Crypto Trading by January 20

The South Korean government has been working on a system to enforce real-name identity verification on cryptocurrency traders. This system is expected to be implemented around January 20, thus ending the current practice which allows for anonymous crypto trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Government’s Real-Name System … Read more

Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy

Bitcoin and other cryptocurrency assets are precious and some of them have grown over 1300 percent in value this year. Although, with the price on exchanges being higher than ever before its now a bit more difficult for those who want to ‘cash out’ or make significantly large purchases without being watched by the prying … Read more

Survey Says 31% of South Korean Workers Are Cryptocurrency Investors

Survey data shows that about three out of every 10 South Korean workers have invested in cryptocurrency in some shape or form.  Also Read: Former FDIC Chair Sheila Bair on Bitcoin: “Value — Like Beauty — Is in the Eye of Beholder” 31.3% Invested in Virtual Currencies On Wednesday, online job portal Saramin surveyed 941 salaried … Read more