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The cryptocurrency industry in Thailand is booming with about 50 initial coin offerings (ICOs) and 20 exchanges showing interest in applying for a digital asset license, according to Thailand’s Securities and Exchange Commission (SEC). “License approvals are being processed,” SEC secretary general Rapee Sucharitakul told the Bangkok Post. “Many companies...
China wants to be a frontrunner in blockchain technology with local governments ramping up blockchain projects, and yet, the government still maintains a strict stance on cryptocurrencies, highlights a new report by Abacus, 500 Startups, and the South China Morning Post. Local governments of Shanghai, Shanxi, Henan, Guangzhou, Guiyang and...
Two new cryptocurrency exchanges have been authorized by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, to process conversions between cyrptocurrencies and the Philippine peso. BSP’s deputy governor Chuchi G. Fonacier said the Philippines central has approved applications filed by Virtual Currency Philippines, Inc. and ETranss as platforms,...
The first half of 2018 has seen more than US$750 million worth of cryptocurrency stolen from exchanges, nearly three times as much as in all of 2017. The losses could rise to US$1.5 billion this year, according to a new report by CipherTrace, a US-based cybersecurity firm that develops...
As recently as last September, the People’s Bank of China announced an immediate ban on Initial Coin Offerings (ICOs) — a method employed by blockchain startups to fund development — and cryptocurrency exchanges in the country. However, last month, China’s main government-controlled broadcaster, China Central Television (CCTV), made what...

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