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South Korean Authorities Move to Seize Full Regulatory Control Over Crypto Exchanges

With the justification of helping to protect crypto investors in South Korea, financial regulators have teamed up to create a central system that helps them to completely monitor and control the ins and outs of the South Korean crypto industry.Currently, crypto exchanges in South Korea are subjected to certain regulations

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Canadian Startup Partners with Authorities to Launch Tax Payments in Bitcoin

According to a press release dated July 15, 2019, the city of Richmond Hill, Canada, is rolling out a project that allows residents to pay property taxes with bitcoin (BTC) through crypto startup, Coinberry. Pay Property Tax with Bitcoin Canadian digital currency platform, Coinberry, has opened negotiations with the city of Richmond

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Indian Authorities Express Concerns Over Facebook’s Libra

India’s authorities have expressed concern over Facebook’s forthcoming stablecoin Libra, Bloomberg reported on July 8.Subhash Garg, Economic Affairs Secretary at India’s Ministry of Finance, told Bloomberg that the “design of the Facebook currency has not been fully explained. But whatever it is, it would be a private cryptocurrency and

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Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines

Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities. Officials subsequently discovered and removed the

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