Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny

Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million. Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao […]

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Japan’s Financial Regulator to Introduce New ICO Regulations

The Japanese Financial Services Agency is introducing new, stricter ICO regulation to protect investors. Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to […]

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Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

Taiwan has implemented new AML regulations on crypto exchanges. Was it influenced by China? On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention Act […]

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Japan: Queries About Cryptocurrencies Steadily Decline, Financial Regulator Reveals

Japan’s financial watchdog reports a lower number of crypto enquiries in comparison to quarter two. The number of enquiries about cryptocurrencies from Japanese investors has declined in the third quarter of 2018, according to a report published by Japan’s Financial Services Agency (FSA) Friday, Nov. 16. The FSA, which oversees the country’s crypto market, published […]

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Japan: Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

Japanese crypto exchange Coincheck has announced it has resumed NEM crypto token trading after a restructuring of its platform by external “security experts.” Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports […]

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Japan’s GMO Internet Reports ‘Historical Q3 Performance’ for its Crypto-Related Businesses

Japanese IT giant GMO Internet reveals that profits for its crypto exchange and mining segment have shown a visible rise in Q3. Japanese IT giant GMO Internet has published its third quarter report Monday, Nov. 12, revealing a “historical performance” of its crypto-related sectors despite “the harsh external environment.” GMO claims its crypto businesses, including […]

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