Regulation
South Korean finance watchdog set to take over crypto regulation
South Korea is in the process of tasking a branch of the Financial Services Commission with regulating cryptocurrency exchanges.
Danny Park
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Regulation
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Regulation
Digital yuan is not a surveillance tool, says Chinese ex-central bank director
Former People's Bank of China Director Yao Qian says that the country's digital yuan is not a surveillance tool for the government.
Yihui Xie
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Regulation
Chinese crypto traders dodge clampdown in move to OTC, P2P platforms
Since Beijing's announcement of tighter restrictions on cryptocurrency trading earlier this month, investors have found a workaround in over-the-counter and peer-to-peer transactions.
Danny Park
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Regulation
Bitcoin mining difficulty drops 16% amid Chinese regulatory headwinds
The latest Bitcoin mining difficulty adjustment, made at 1 a.m. UTC on May 30, saw the difficulty of Bitcoin mining drop 15.97%.
Kelly Le
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Regulation
Ripple’s XRP communications off-limits to U.S. securities regulator, court rules
The U.S. Securities and Exchange Commission has failed in a bid to gain access to any legal communications Ripple Labs sought or received as to whether sales of XRP were subject to federal securities law.
Lachlan Keller
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Regulation
Indian lenders cling to overturned central bank crypto ban as customers fume
Banks in India, including some of the country’s largest lenders, are notifying their customers not to engage in cryptocurrencies, adhering to a central bank rule from 2018 that bans them from dealing in cryptos — despite the fact the ban was overturned by the Supreme Court more than a year ago.
Forkast.News
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Regulation
Turkey’s crypto clampdown underwhelms as investors claim ‘business as usual’
Turkish regulators have tightened their grip on cryptocurrencies, but small traders and investors appear to have barely noticed.
Zoltan Vardai
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Regulation
Are 73 SEC actions against crypto enough warning to Ripple about XRP?
SEC says Ripple had plenty of ‘notice’ that XRP transactions could be violating the law via its many enforcement actions against other crypto companies.
Michelle Lim
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Regulation
Huge cryptocurrency scam boosts S. Korea’s crypto crime losses to US$5B
Police in South Korea have arrested 14 individuals in a cryptocurrency fraud case estimated to have cost 69,000 investors a total of US$3.85 billion, taking the country’s losses to US$5 billion over the past five years.
Danny Park
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Regulation
Chinese province’s hydropower gives hope to crypto miners following crackdown elsewhere
Energy regulators in the southwestern Chinese province of Sichuan, which has abundant hydropower resources, will hold a seminar on June 2 to assess the province's cryptocurrency mining industry, fanning hopes among miners that the beleaguered sector may be given a reprieve from its recent hardships in China.
Kelly Le
