Business

DCG-backed Korean exchange faces closure if it can’t find banking partner

South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to

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Democrat Senator lobbies agencies over the use of crypto in ransomware

Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator

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El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law

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Korean Finance Minister vows to fight moves to delay the crypto tax code

South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022

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Treasury plots stablecoin crackdown even as Tether’s dominance wanes

The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto

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Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in

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South Korean lawmaker: delaying tax laws on crypto is ‘inevitable’

Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the

Business

Bitcoin ledger as a secret weapon in war against ransomware

Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent

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Crypto and DeFi disintermediate banking in new ways, says OCC head

On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals headquartered in Washington,

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EU regulator sees crypto as sign of increased risk-taking in current climate

The European Securities and Markets Authority (ESMA) has published its report on trends, risks and vulnerabilities in the European Union markets during the first half