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“# Bank of Korea selects Kakao’s blockchain arm for digital won tests ” The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the…
“# China is pumping money out of the US with Bitcoin ” The ongoing United States-China trade war is in its fourth year. Former U.S. President Donald Trump saw different results from what he initially expected: America has taken a hit from higher tariffs and sanctions against Chinese companies and hasn’t benefited from it nearly…
“# Indian regulator probes crypto exchange for alleged forex law violations ” Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors. In the latest run-in with the government, the Directorate of Enforcement (ED) issued a show-cause notice to WazirX for allegedly violating…
“# Turkey’s crypto bill ready for parliament, says Deputy Minister of Finance ” The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Şakir Ercan Gül announced that the crypto bill would be proposed to The Grand National…
“#Democrats fleeing Texas inhibit democracy but pretend to save it” Barack Obama once had some sage advice that Texas Democrats could stand to hear just now: “Win an election.” Instead, Texas Democrats are — not for the first time — holding democracy hostage under the pretext of saving it. More than half of the state’s…
“# Japan to reportedly take action to scrutinize crypto globally ” Japan is strengthening its efforts to regulate digital currencies on a global scale, with related government authorities reportedly looking to expand staff to impose stricter rules. Japanese regulators have expressed fresh concerns over the massive growth of the cryptocurrency market, particularly cautioning against stablecoins,…
“# Tennessee city wants to accept property tax payments in Bitcoin ” United States’ city of Jackson, Tennessee, continues exploring a potential dive into cryptocurrencies, now looking to accept Bitcoin (BTC) for property tax payments. Jackson Mayor Scott Conger announced late Thursday that the city’s blockchain task force had launched a study on potential methods…
“# US government delves deeper into crypto accountability with $10M bounty ” The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable. According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments,…
“# UK FCA will spend £11M to warn people about investing in crypto ” The United Kingdom’s Financial Conduct Authority (FCA) has created an 11 million pounds sterling ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments. Nikhil Rathi, chief executive of the FCA, made this known in a…
“# Indian high court seeks ad disclaimers from crypto exchanges ” Amid the ongoing regulatory uncertainty to cryptocurrencies in India, a high court in the country’s capital is taking action to regulate advertising by local crypto exchanges. The Delhi High Court has issued notices to local authorities and crypto firms in an effort to enforce…