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India Prohibits Banks From Handling Crypto

India Officially Prohibits Banks From Handling Crypto

The Reserve Bank of India (RBI) announced in a press release Thursday that all banks and regulated financial entities would now be strictly prohibited from facilitating transactions involving cryptocurrencies. ”Cryptocurrencies comes with associated risks” Press release details note that the decision was made because of what is described as ”associated risks” of cryptocurrencies. The ban on dealings or settlings in digital …


Asia Pacific: Crypto and Blockchain News Roundup, 27th March to 5th April 2018

Asia Pacific: Crypto and Blockchain News Roundup, 27th March to 5th April 2018

Asia Pacific 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. Japan 14% of Japan’s young male workforce invest in cryptocurrencies: According to a recent study by Shin R25, more than 14% of Japan’s young male employees in the age …


Japan: 14% Of Young Male Workers Have Crypto Holdings

Japan: 14 Percent Of Young Male Workers Have Crytpo Investments

A recent survey conducted of working males aged 25-30 in Japan reveals that 14% of this group own some form of cryptocurrency, as first published by local online magazine Shin R25, on 3 April. Despite media frenzy over Bitcoin’s recent plunge in value, this has not deterred the young working men of Japan from investing. The study surveyed 4,734 participants …


Crypto Rewards Program to Boost Air Asia Service

Crypto Rewards Program to Boost Air Asia Service

Malaysian budget airlines Air Asia has announced that it is about to launch a cryptocurrency-based frequent-flyer rewards program. Frequent flyer The Nikkei Asia Review revealed last week that Air Asia plans to update its current digital services to include a cashless system. The system is part of a major upgrade of its digital program which will include seat purchasing, in-flight …


India’s Biggest Tax Filing Platform Helps Crypto Investors: Is It Enough?

India tax

India’s largest tax filing platform, Cleartax, is attempting to simplify the country’s currently complex tax policies regarding cryptocurrency. Having the legal framework to tax virtual currency revenue in an accessible way for cryptocurrency investors is fundamental to the ongoing process of legitimizing the currencies in the mainstream. Regulations? One of the factors preventing a more widescale adoption of cryptocurrencies is the …


Central Bank Of China Release ‘Blockchain Registry Open Platform’

Central Bank Of China Release 'Blockchain Registry Open Platform’

The People’s Bank of China (PBoC) launched their first blockchain-based platform, dubbed the Blockchain Registry Open Platform (BROP). Its purpose: to cut through the extensive bureaucracy surrounding China’s banking system. The platform was developed by the Zhongchao Blockchain Research Institute, that works as a subsidiary under the PBoC. The project was unveiled at the Global Financial Science and Technology Summit, as a platform …


NEM Hackers Are Successfully Moving Stolen $550 Million

NEM Hackers Are Successfully Moving Stolen $550 Million

A Tokyo cybersecurity firm has confirmed that nearly all of the USD 550 million worth of NEM cryptocurrency (XEM) stolen in a January 2018 heist has been moved on the dark web.  The funds were initially stolen through Japanese cryptocurrency exchange platform Coincheck, in the form of 500 million NEM tokens. The tokens were tracked by cybersecurity firm Takayuki Sugiura of L Plus. …


Weekly Crypto and Blockchain News Roundup: Asia, 19 to 26 March 2018

Weekly Crypto and Blockchain News Roundup: Asia, 19 to 26 March 2018

Asia 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.   Japan Japanese government’s decision to increase regulations on Binance, a cryptocurrency exchange that was hacked a few weeks ago, is affecting the price of Bitcoin, forcing it below …


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