In a new report, Hong Kong government and its financial authorities have outlined Bitcoin is not used to finance criminal activities and that its risk is relatively low. Our correspondent Joseph Young explores.
The Cagayan Economic Zone Authority is establishing a special economic area and are excited to “license 10 platforms for cryptocurrency exchanges” in hopes of creating an ‘Asian’ version of Silicon Valley.
In a bid to avoid the use of cryptocurrency in money-laundering schemes and financing terrorism, MEPs of the European Parliament have voted in support of introducing new rules to which exchanges, platforms, and wallet providers must adhere.
Following a strict ban passed by the Reserve Bank of India preventing cryptocurrency related activity, an Indian cryptocurrency startup is taking the Central bank to court – claiming the order to be arbitrary and unreasonable.