28 May 2018 | Blockchain techs | Cryptocurrency | News | Regulatory news

According to the statement made by Li Ying, head of the Information and Software Department at the Ministry of Industry and Information Technology, China, the country will be pushing forward to establish a blockchain standardization committee as early as by the end of the current year.

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25 May 2018 | Blockchain techs | Cryptocurrency | News | Regulatory news

Tencent announced the partnership with the tax authority of Shenzhen, a city in Southeastern China, over the launch of a blockchain technology aimed at combating the tax evasion and illegal acquisition of income across the city.

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23 May 2018 | Blockchain techs | Cryptocurrency | News | Regulatory news

India may start imposing goods and services tax (GST) on activity associated with trading cryptocurrencies starting as early as July 1, according to the unnamed sources cited by Bloomberg this week. The Indian government may charge as much as 18% on cryptocurrency trades, which contradicts recent statement made by the Reserve Bank of India that banks in the country are prohibited to deal with cryptocurrencies and respective trading services.

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20 April 2018 | Blockchain techs | Cryptocurrency | News | Regulatory news

Authorities in South Korea sentenced two criminals for allegedly defrauding Bitcoin investors leaving them out of pocket for about $20 million. Reports in the media unveil that Incheon District Court in Seoul charged the two Ponzi scheme con-artists and imposed the fines amounting to $15 million and $8 million respectively.

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2 April 2018 | Blockchain techs | Cryptocurrency | Regulatory news

The governor of the central bank in Taiwan reported this week to the panel of parliament members, and voiced a suggestion to start regulating cryptocurrencies, and Bitcoin in particular, under existing anti-money laundering rules.

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