Blockstream is now valued at $3.2B thus achieving a crypto unicorn status
Canadian Bitcoin miner Blockstream has secured $210 million in fresh investment from a U.K. private equity firm and crypto exchange Bitfinex’s operator, now the firm is valued at $3.2 billion and has achieved unicorn status. According to Canadian newspaper The Globe and Mail, the company, which focuses on various Bitcoin-related areas — including operating as […]
FSA Japan considers imposing stricter crypto rules
The Financial Services Agency (FSA), Japan’s financial regulator, has begun negotiations about setting stronger restrictions for cryptocurrencies in order to better protect Japanese investors. The Financial Services Authority (FSA) established a dedicated division and a panel of financial experts in July to assist the government in overseeing digital and decentralized money . According to Jiji […]
Upbit reportedly becomes the first crypto exchange to file with Korean FIU
Upbit, a major cryptocurrency corporation in South Korea, is said to have filed a business report with the Korean Financial Intelligence Unit (FIU). Upbit submitted its virtual asset business to the FIU, which is part of the Financial Services Commission, South Korea’s primary financial regulator (FSC). According to The Korea Economic Daily , Upbit’s operator […]
Xiaomi India says it needs regulatory clarity before embracing crypto
The Indian subsidiary of smartphone maker Xiaomi says it is interested in the crypto market and what it entails but before venturing, the government must provide legislative clarity. “We will want to wait for all the regulatory things,” Manu Jain, the firm’s managing director , said in an interview with The Economic Times. Crypto is […]
Crypto is not protected by law – China’s provincial high court
A high court in Shandong province has declined to protect a plaintiff’s claim of $10,000 that was lost to crypto scam, stating that crypto is not protected by the Chinese law hence the denial. The cryptocurrency community in China has been dealt yet another setback, with news of a new high court judgement in Shandong […]