South Korean Financial Regulator Says Crypto Funds Violate Capital Markets Act

South Korea’s financial watchdog has warned investors that local crypto funds are violating the national Capital Markets Act. South Korea’s Financial Services Commission (FSC) has issued a statement to warn investors to be cautious while investing in cryptocurrency funds, according to documents published on the official FSC website on Oct. 24. According to the FSC, […]

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Chinese E-commerce Giant Alibaba Wins Preliminary Injunction Against Alibabacoin

A New York judge has ruled in favor of Chinese giant Alibaba in its trademark infringement case against Alibabacoin. Chinese e-commerce giant Alibaba has won a preliminary injunction against Dubai-based Alibabacoin Foundation in a lawsuit over the misleading use of Alibaba in their name, financial website MarketWatch reports Wednesday, Oct. 24. The U.S. District Court […]

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Binance’s First Crypto-Fiat Exchange in Uganda Goes Live

The Binance Uganda fiat-to-crypto exchange has gone live, users can now buy Bitcoin and Ethereum with Ugandan shillings. The world’s largest crypto exchange Binance has launched its fiat-to-crypto exchange in Uganda today, Oct. 24, according to an official announcement on Medium. Binance Uganda, Binance’s first fiat-to-crypto exchange in Uganda, has officially launched live trading, enabling […]

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Johnny Depp to Produce Film Within Crypto-Powered Content Distribution Platform TaTaTu

Johnny Depp is teaming up with crypto-powered social entertainment platform TaTaTu to produce content via his own production firm. U.S. actor and producer Johnny Depp is partnering with crypto-powered social entertainment platform TaTaTu, according to a report by film industry media Hollywood Reporter posted Monday, Oct. 22. As a part of the new agreement, the […]

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Japanese Financial Watchdog Grants Self-Regulatory Status to Local Crypto Exchanges

Japan’s Financial Service Agency has certified self-regulatory body JVCEA to oversee the local cryptocurrency industry. Japan’s Financial Services Agency (FSA) has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space, Cointelegraph Japan reports Wednesday, Oct. 24. The FSA expects the self-regulatory body to set rules […]

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Taiwan Will Issue Draft ICO Rules By June 2019, Regulator Says

Taiwan’s financial regulator plans to outline official regulations for ICOs next year, reversing a hands-off policy adopted in 2017. Taiwan plans to release draft Initial Coin Offering (ICO) regulation by June 2019, local English-language daily news outlet Taipei Times reported Tuesday, Oct. 23. The publication quoted plans from Wellington Koo, chairman of Taiwanese finance regulator […]

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Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATM

Police have seized an allegedly unregistered Bitcoin ATM machine in India and arrested its owner, the co-founder of domestic crypto exchange Unocoin. The co-founder of Indian crypto exchange Unocoin has been arrested shortly after setting up an allegedly unregistered Bitcoin (BTC) ATM machine in Bangalore, English-language daily Times of India reports Oct. 24. The 37-year-old […]

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