New Virtual Currency Policies Coming to the Philippines Philippine Central Bank Deputy Governor Nestor A. Espenilla Bitcoin.com reported last June that the Philippines central bank, Bangko Sentral ng Pilipinas (BSP), was preparing new guidelines involving Bitcoin businesses in the area. Now the BSP deputy governor, Nestor Espenilla, has published a circular (BSP Circular ???944) that… Continue Reading

The AMCM Informed Local Financial Institutions That They Must Not”Participate in or Supply… Financial Services Related to [Virtual Currencies]” Macau’s ban on financial institutions providing services to companies was triggered by the recent cryptocurrency crackdown of China. The Monetary Authority of Macau states that”due to recent happenings of financing activities through issuance of tokens from… Continue Reading

The Ripple Consensus Ledger Concept As this company has been focusing on the development of blockchain technology, most currency enthusiasts will know the title Ripple. Or to be more exact, they supply players — mostly banks — that will help reduce prices with financial settlement solutions. Since they want to offer direct transactions in real-time,… Continue Reading

Petya Ransomware Funds Travel Throughout the Tumbling Procedure As the mainstream media portrayed it to be, the Petya ransomware was crazy, and the creators made off with $8,000 in extortion funds. One of the reasons the attackers didn’t make much money was a result of their email being closed down. What is interesting about the… Continue Reading

Taiwan to Regulate ICOs FSC Chairman Wellington Koo. The chairman of Taiwan’s Financial Supervisory Commission (FSC), Wellington Koo, has reportedly confirmed that the commission is drafting national standards for first coin offerings (ICOs). The FSC aims”to make virtual tokens as easy to invest in as stocks and just as liquid,” the Taipei Times reported on… Continue Reading

Suchflex Turning Idle Computing Power Into an Incentivized Distributed System A great deal of people leave their computers running 24/7, and that power cans turn . The Alchemist Accelerator-funded startup aims to create without owning servers, the world’s largest data center service. Its platform has been climbing operations since then and has been in beta since… Continue Reading

ICO Action Plummeted ICO action was down in September, according to a study by Autonomous Research. The firm wrote: Last month saw roughly $300 million in ICO funds increased, with the month before that revised to a bit more than $400 million, a far cry from the $2.4 billion in January of this year. If… Continue Reading

The First Rejection The Japanese Financial Services Agency (FSA) is reportedly preparing to reject an application to operate a crypto market in the country. “The first time it has done so,” Nikkei reported, including: The decision follows the ministry’s decision that Yokohama-based FSHO lacks the necessary systems to operate its business…By barring an exchange operator… Continue Reading

JBA Replaces JADA Formed in mid-April, the JBA replaces the prior Japan Association of Digital Asset (JADA), which has been active in the industry since July 2014. The new group includes high-profile members of the Japanese blockchain industry as well as member of Parliament (and long-time Bitcoin proponent) Mineyuki Fukuda and Japan’s primary financial regulator the Financial… Continue Reading

Regulating as Securities Malaysian Finance Minister Lim Guan Eng said on Monday that his country”will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies,” Reuters reported, including: An arrangement to recognize digital currencies and electronic tokens as securities will come into force on Jan. 15, under the regulation of the Securities Commission Malaysia [SC].… Continue Reading