Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Asia and Australia: Crypto and Blockchain News Roundup, 21st to 27th September 2018

written by

Asia and Australia: Crypto and Blockchain News Roundup, 21st to 27th September 2018

Support free journalists: > send a tip

Asia and Australia

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

South Korea

South Korea may reverse crypto ban: Regulators of South Korean markets are reportedly softening their stance on ICOs and cryptocurrencies and may lift the blanket ban on ICOs imposed last year.

The Financial Supervisory Service (FSS) took these measures because of consistent hacks occurring in Korean exchanges. Various cryptocurrency exchanges got hacked and lost hundreds of millions of dollars. Some exchanges were also suspected of illegal activity. But, due to increased security measures and Anti Money Laundering (AML) laws being implemented, the authority may look to reverse its earlier decisions on banning ICOs.

North Korea

Government thought to be using crypto to circumvent US sanctions: The North Korean government is using cryptocurrencies to avoid US sanctions on it, according to international money laundering and intelligence experts Lourdes Miranda and Ross Delston.

They said in a joint statement:

“International criminals everywhere prefer cryptocurrencies and the DPRK (North Korea) is no exception. Cryptocurrencies have the added advantage to the DPRK of giving them more ways to circumvent US sanctions. They can do so by using multiple international exchangers, mixing and shifting services – mirroring the money laundering cycle – to exploit international financial institutions that have correspondent banking relationships with the United States.”

The move could spell further weakening of the US-controlled financial model that is currently widely accepted in the world.


Government fumes at $60 million hack of exchange: The Japanese Financial Services Agency (FSA) is fuming at the latest hack occurring in Japanese exchange Zaif that saw almost USD 60 million stolen from investors. 

What is so frustrating for the FSA is that the exchange was given two warnings earlier to drastically improve their security system but it did not. The FSA has opened an investigation into the Zaif hack to help devise methods for exchanges to protect themselves in the future.

Mt Gox exchange confirms Bitcoin sell-off: Defunct cryptocurrency exchange Mt Gox’s has confirmed that it has liquidated over USD 230 million worth of cryptocurrencies including Bitcoin and Bitcoin Cash from its wallets.

The exchange suffered a mammoth USD 470 million hack back in 2014 and declared bankruptcy. Now the recent sell-off is allowing the company to get out of bankruptcy by compensating its investors and getting into a rehabilitation program.


Government encouraging industries to adopt blockchain: The top three industries of Malaysia are being asked to promote blockchain growth in them that will enable transparency, efficiency and sustainability by a government-formed task force. The three top sectors include renewable energy, palm oil and Islamic finance.

In the energy sector, the government is confident to lead the growth in renewable energy with the help of blockchain technology by categorizing energy as green or emission-related. Similarly, in banking and palm oil, blockchain technology can create a recipe for success according to the government.

Hong Kong

Stock exchange firm announcing blockchain and fintech acquisition strategy: The Hong Kong Stock Exchange is looking to invest in blockchain and other fintech companies starting next year.

The progressive move was announced due to increased interest by the public in the blockchain space and encouraging government attitude. The stock exchange is already partnering with Australian Securities Exchange to implement blockchain technology in its system.


Research blockchain to conduct 30,000 cross-border transactions per second: Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) is testing a new blockchain developed by the University of Sydney group called Red Belly Network and can reportedly process 30,000 transactions per second.

The Concurrent Systems Research Group (CSRG) of the university was behind the creation of this project and the blockchain will help CSIRO to improve the speed of cross-border transactions to help monitor environmental risks including those posed to marine life.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Bitcoin News

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter