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India Could Be in the Drivers Seat If Legislation Activates Its Huge Bitcoin Potential

First Large-Scale Crypto Jacking Strike in India Targets Conglomerate

The Indian government is under pressure over the cryptocurrency debate. As time moves on, it is becoming hard to see how the government will be able to hold back the inevitable tidal wave of some 2.5 million bitcoin users with its current, rather tired, stance on liberalizing cryptocurrency use amongst the 1.3 billion population. This week, again, questions were thrown …


Reserve Bank of India Pulls Back From Central Bank Issued Crypto

Reserve Bank of India Pulls Back From Central Bank Issued Crypto

A news report today by the Hindu BusinessLine revealed that the Reserve Bank of India has shelved its plan to issue a central bank digital currency. Plans to issue a central bank digital currency was first declared in April of last year. The initial plans may have been driven by the burden of current rising costs in printing paper fiat …


China Could Become a Factor in Bitcoin’s Success in 2019, but Knowledge Is Key

China Could Become a Factor in Bitcoin’s Success in 2019, but Knowledge Is Key

The latest survey released in China illustrates just how much cryptocurrencies such as Bitcoin are gaining interest there, despite the country’s prohibitive stance on digital currency. Given China’s huge impact on cryptocurrency mining despite Bitmain’s recent staff layoff announcements, to some this may come as no surprise. However, the Chinese government has attacked Bitcoin at every opportunity whilst casting its …


Asia and Australia: Crypto and Blockchain News Roundup 22 – 28 December 2018

Asia

Asia and Australia Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. Japan Government Swamped with New Exchange Applications as Year’s End Approaches: Top Japanese financial watchdog Financial Supervisory Authority (FSA) has announced that it has received over 190 applications from …


Japan’s Regulator Swamped With Exchange Applications as New Year Approaches

Japan's Regulator Swamped with Exchange Applications as New Year Approaches

Japan’s financial regulator, the Financial Services Agency (FSA) is reported to have received 190 cryptocurrency license applications from exchanges as 2019 approaches. This happened after the FSA recently granted the newly formed Japan Virtual Currency Exchange Association (JVCEA) in Japan the power to oversee self-regulation within the cryptocurrency industry. The JVCEA had already applied to the FSA to become cryptocurrency’s …


Taiwanese Crypto Miner Hits Local Electricity Supply With $3 Million Power Theft

Taiwanese, bitcoin, mining, electricity

A Taiwanese Bitcoin miner has been charged by local police for mining more than $14 million in cryptocurrency by using over $3 million worth of stolen electricity from the grid. The miner named only as Yang by Taiwanese authorities has been accused of operating 17 illegal mining operations by employing fake storefronts in Tianjin, Taoyuan, and Hsinchu. Yang set up …


Bitcoin and Ethereum Covered by New Seoul-Based Crypto MBA

seoul, blockchain, south korea

The latest institution to offer an accepted qualification in cryptocurrency studies is the South Korean Seoul School of Integrated Sciences and Technologies. The school has launched what it calls “the world’s first crypto MBA course for a business graduate school,” with course areas covering Bitcoin, Ethereum, smart contracts, crypto funds, Dapp planning, game theory, and skills in whitepaper writing. The …


Asia and Australia: Crypto and Blockchain News Roundup 14 – 20 December 2018

Asia

Asia and Australia Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. Japan New Regulations Released for Protecting Investors: The Japanese Financial Services Agency (FSA) has recently released new regulations for cryptocurrency exchanges in the country. The move comes despite new …


Hong Kong to Tighten Crypto Laws After Years of Leniency

Hong Kong to Tighten Crypto Laws After Years of Leniency

The Hong Kong Securities and Exchanges Commission (SFC), known for being for the most lenient jurisdiction in the region for cryptocurrency regulation, is to impose tighter laws. This is a process finding favor around the world currently as financial regulators adjust to cryptocurrency’s now permanent status in the global financial arena. To begin with, the SFC is suggesting a “temporary …


Iran Official Says Blockchain Could Improve Economy

Iran Official Says Blockchain Could Improve Economy

In a report yesterday by leading international daily Tehran Times in Iran, the head of management development department of the vice presidency for science and technology Alireza Daliri said that blockchain could improve the Iranian economy. Daliri was quoted by the news outlet saying, “This is possible with empowering the infrastructure of the blockchain technology with the help of government …


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