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Monthly Archives: March 2018

Thailand Approves Draft Decree on Crypto

The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin …

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Five Cryptocurrency Exchanges in Japan Throw in the Towel

Five cryptocurrency exchanges in Japan are closing after their operators reportedly withdrew their applications with the Japanese financial regulator to operate crypto exchanges. They are in the process of returning clients’ cash and crypto holdings. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Five Exchanges Cease Operations …

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Token Overload Is Causing Confusion

With thousands of cryptocurrency tokens tradable on exchanges, and thousands more registered as ERC20s, confusion is inevitable. Many share extremely similar names and some have identical abbreviations. On Wednesday, one token pumped by 300% after a group of traders mistakenly bought it, thinking they were purchasing a different asset entirely. …

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Two Turkish Imams Fired for Allegedly Investing in Bitcoin

Two Turkish imams have been fired for possessing bitcoin investments, according to local media reports. Turkey’s religious authorities determined that bitcoin is “not compatible with Islam” in November 2017. Also Read: Bitcoin Mining Training Coming to 30 Cities in India Two Imams Fired for Owning Bitcoin It has been reported that …

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