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South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […] дальше »
2021-6-13 08:30 | |
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South Africa’s Financial Watchdog to Regulate Crypto Assets in ‘A Phased and Structured Manner’
South Africa is ready to set crypto asset controls to curb the growing cases of fraud and scams and improve the management of cross-border flows. According to a statement by the Intergovernmental Fintech Working Group (IFWG) and the Financial Sector Conduct Authority (FSCA), the nation will start regulating cryptocurrencies with a “structured approach. дальше »
2021-6-13 17:16 | |
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Largest Korean Exchange Upbit Goes on a Delisting Spree Ahead of New Regulation
Upbit, the largest cryptocurrency exchange in South Korea, is removing several cryptocurrencies from its platform. The exchange announced the removal of the KRW market pair of MARO, Paycoin (PCI), Observer (OBSR), Solvecare (SOLVE), and Quiz Talk (QTCON) on Friday. дальше »
2021-6-12 18:50 | |
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Official Recognition of Cryptocurrency’s Potential on Display in South America
The first decentralized cryptocurrency, Bitcoin, was created in 2009. Since then, cryptocurrencies have become incredibly popular and were even adopted by several financial institutions. In... дальше »
2021-6-11 13:58 | |
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Fantom (FTM) to Collaborate with Uzbekistan to Modernize IT Infrastructure
Fantom’s footprint across South and Central Asia is set for another milestone with the Directed Acrylic Graph (DAG) protocol set to make inroads into Uzbekistan. The decentralized ledger technology (DLT) protocol is looking to revamp critical areas of the Uzbek information technology (IT) matrix. дальше »
2021-6-11 20:00 | |
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Fantom to pilot blockchain-based IT solutions in Uzbekistan
Fantom’s presence in Central and South Asia has expanded to Uzbekistan, with the partnership focusing on upscaling the country’s information technology infrastructure. дальше »
2021-6-10 13:24 | |
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South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. дальше »
2021-6-10 06:30 | |
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XRP, Litecoin, Cardano Price Analysis: 08 June
XRP faced an uphill task to recover from recent lows considering the dearth of buying pressure. Litecoin broke south from a descending triangle and eyed further losses towards $134-116. Finally, CardaThe post XRP, Litecoin, Cardano Price Analysis: 08 June appeared first on AMBCrypto. дальше »
2021-6-9 03:00 | |
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Разработчики NEAR Protocol запустили аукцион Green NFT
Некоммерческая организация NEAR Foundation в сотрудничестве с South Pole и Mintbase объявила о проведении аукциона Green NFT. Об этом ForkLog сообщили представители проекта. «Это один из этапов нашего пути по декарбонизации всего ИТ-сектора и превращению значимых технологий, таких как блокчейн, в климатическое решение, а не в проблему», — заявили в South Pole. дальше »
2021-6-8 14:20 | |
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South Korea bans crypto executives from trading on their own platforms
South Korea’s Financial Services Commission (FSC) announced restrictions for executive employees and exchange operators, preventing them from trading on their own platforms. The post South Korea bans crypto executives from trading on their own platforms appeared first on CryptoSlate. дальше »
2021-6-8 07:00 | |
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South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban
Crypto regulation is gaining traction by the day, and the latest is in the Asian nation South Korea. ‘Bicycling’ Creates ‘Conflict Of Interest’ The top regulatory body of the South Korean financial market, the Financial Services Commission, is bringing to an end the practice of ‘bicycling' by crypto exchange operators, per reports from a local […] The post South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban first appeared on BitcoinExchangeGuide. дальше »
2021-6-7 20:32 | |
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Crypto exchanges in South Korea brace up as officials ban cross-trading
South Korea’s Financial Services Commission (FSC) has announced that it is banning exchange operators and executive employees from trading on their platforms. This has led to series of complaints from exchanges that are affected. дальше »
2021-6-8 18:59 | |
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Социальная сеть Weibo заблокировала аккаунты криптовалютных блогеров
Китайский сервис микроблогов Weibo заблокировал как минимум 12 аккаунтов криптовалютных инфлюенсеров. Сервис обвинил владельцев учетных записей в нарушении его руководящих принципов, а также «соответствующих законов и правил», пишет South China Morning Post. дальше »
2021-6-7 14:00 | |
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Korean Crypto Exchange Employees Could Face Heavy Fines for Trading
Reports are emerging that the government in South Korea is mulling a proposal to fine employees of cryptocurrency exchanges for trading in digital assets. The post Korean Crypto Exchange Employees Could Face Heavy Fines for Trading appeared first on BeInCrypto. дальше »
2021-6-7 12:09 | |
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eToro Is The Latest Crypto Exchange Moving To Miami
The ‘Miami Migration’? ‘Florida Flocking’? While there is no term coined yet, eToro is looking to get their name in the mix as there is undoubtedly more attraction routinely being driven towards the south Florida area when it comes to cryptocurrency and tech. дальше »
2021-6-7 02:36 | |
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EZ Blockchain Opening a Houston, TX Office to Target Wasted Natural Gas in Permian Basin with new Immersion Cooling Mobile data center
EZ Blockchain made its shift to an energy focus three years ago, and now demand is taking the company south to Texas.Recruiting has already begun in the Houston area... дальше »
2021-6-7 19:03 | |
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South African Cannabis Entrepreneur Snags GGG NFT Seed Auctions
Establishing a new era in the emerging legal cannabis industry, a South African businessman, Matt Benas, outbid everyone in an historic NFT (non-fungible token) auction for... дальше »
2021-6-7 18:17 | |
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Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3. дальше »
2021-6-5 16:00 | |
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South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. дальше »
2021-6-5 02:00 | |
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South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year
Korea's Financial Services Commission is also meeting with crypto exchanges to hear their concerns about new regulation approaches. The post South Korea to Tax Crypto Assets Held in Overseas Exchanges Starting Next Year first appeared on BitcoinExchangeGuide. дальше »
2021-6-4 19:41 | |
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Solana (SOL) Launches $20 Million Fund With ROK Capital to Expand Into the Korean Market
Solana Foundation and ROK Capital release a joint $20 million fund to enhance Solana-based developments on the Solana blockchain. According to a press release to BEG, the fund will specifically target South Korea’s involvement in Solana development and apps from the region. дальше »
2021-6-4 15:26 | |
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South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […] дальше »
2021-6-3 08:30 | |
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Cheap Power Is Creating a Bitcoin Mining Boom in Argentina
Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […] дальше »
2021-6-2 11:00 | |
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Publicly-listed Chinese brokerages eye Bitcoin offerings, but there’s a catch
Chinese online brokerages Tiger Brokers and Futu plan to bolster crypto trading services, taking on global players Robinhood and eToro, as per a report in the South China Morning Post today. The post Publicly-listed Chinese brokerages eye Bitcoin offerings, but there’s a catch appeared first on CryptoSlate. дальше »
2021-6-2 07:00 | |
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Bank account flows for South Korean crypto exchanges surge 40% since 2020
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter.
дальше »2021-6-1 12:01 | |
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Korbit Launches South Korea’s First NFT Marketplace
While Korbit will be the first NFT marketplace in Korea, there have been some private sales that have preceded this announcement. The post Korbit Launches South Korea’s First NFT Marketplace appeared first on BeInCrypto. дальше »
2021-6-1 22:40 | |
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South Korea to regulate crypto exchanges by the end of summer
The struggle to regulate the crypto industry continues in every country around the world. Many have asked whether it is even possible to regulate crypto, given that it is still an evolving technology that is still seeking its final form, use cases, price, and more. дальше »
2021-5-31 14:05 | |
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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. дальше »
2021-6-1 13:00 | |
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South Korean crypto exchange Korbit launches NFT marketplace
Korbit, a South Korean crypto exchange, has announced the launch of its new NFT marketplace service. Firstly, any Korbit user can join the marketplace and participate in auctions after creating an Ethereum-based NFT wallet. дальше »
2021-6-1 11:10 | |
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South Korea’s First Regulated Crypto Exchange Could Launch in Q3
South Korea has asked exchanges to comply with regulatory requests. Should the exchanges complete the process in June, the country’s first regulated exchange could launch in Q3 2021. The post South Korea’s First Regulated Crypto Exchange Could Launch in Q3 appeared first on BeInCrypto. дальше »
2021-5-31 10:45 | |
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South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead
The government of South Korea is planning to impose a 20% tax on gains from cryptocurrency transactions. The plan is to impose this law starting next year, with the same reiterated by the government oThe post South Korea: FSC tasked with crypto-compliance as 20% crypto-tax plans move ahead appeared first on AMBCrypto. дальше »
2021-5-29 13:30 | |
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South Korea to Impose 20% Income Tax on Crypto Transactions
Beginning in the 2022 tax year, stock and bond investors will be taxed on capital gains that are over 50 million won, or $45,000. The post South Korea to Impose 20% Income Tax on Crypto Transactions appeared first on BeInCrypto. дальше »
2021-5-29 22:15 | |
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South Koreans lost $5 billion to crypto crimes in the past four years
South Korean police arrested 14 people involved in a cryptocurrency fraud case totaling $3. 5 billion earlier this month, bringing the country’s losses to $5 billion in the last five years, reported the South Korean daily newspaper Hankyoreh on the 26th. дальше »
2021-5-28 19:00 | |
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South Africa: Reserve Bank Announces Research to Study CBDC Feasibility
It seems like the South African Reserve Bank (SARB) now understands the importance of digital currencies alongside traditional fiat currency. Recently, the South African Reserve Bank (SARB) has announced the start of a feasibility study for a retail central bank digital currency (CBDC). дальше »
2021-5-28 13:00 | |
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Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea
Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages considering the instability of [crypto],” he said. дальше »
2021-5-28 11:41 | |
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BoK says leveraged crypto trading poses a threat to the banking system
The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday. дальше »
2021-5-28 18:31 | |
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Stock Seasonality Points South, How Bitcoin Could Take Yet Another Hit
Bitcoin seems to be more correlated with the stock market since the Covid-19 pandemic went global in 2020. The first cryptocurrency by market cap has been rejected for the second time around the $40,000 and now trades slightly south at $39,954, at the time of writing. дальше »
2021-5-28 17:58 | |
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South Africa Reserve Bank Commences Retail CBDC Feasibility Study
The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa for general retail purposes. Study […] дальше »
2021-5-27 08:30 | |
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South Africa Now Considering Both Retail and Wholesale CBDC
The SARB notes that the CBDC may serve as electronic digital tender, complementary to cash, for general purpose retail use. The post South Africa Now Considering Both Retail and Wholesale CBDC appeared first on BeInCrypto. дальше »
2021-5-26 16:30 | |
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This country takes the first steps toward CBDC
South Africa has taken its initial steps towards a central bank digital currency [CBDC]. South African Reserve Bank has begun to explore the feasibility of a fiat digital currency owing to the latest The post This country takes the first steps toward CBDC appeared first on AMBCrypto. дальше »
2021-5-26 23:30 | |
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68% of Young Crypto Traders in Korea Experiencing Psychological Issues
A survey of 1,750 college students in South Korea has revealed that at least 23. 6 percent of respondents actively trade bitcoin (BTC) and other cryptocurrencies, with less than half of the surveyed population already in profit. дальше »
2021-5-26 17:00 | |
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Bank of Korea Seeking Technology to Develop Digital Currency
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic cryptocurrency exchanges. Central Bank of Korea to Launch Pilot […] дальше »
2021-5-25 11:30 | |
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Bank of Korea Planning Mock Test to Trial CBDC Functionality
The Bank of Korea (BOK), South Korea’s Central bank is looking to research the usefulness of launching a central bank digital currency (CBDC) through a mock test, although the apex bank is not keen on issuing a sovereign digital currency. дальше »
2021-5-25 23:00 | |
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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday. дальше »
2021-5-24 17:54 | |
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South Korea Set to Launch CBDC Pilot Platform
South Korea has made significant progress towards development of its digital currency. дальше »
2021-5-25 14:04 | |
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