Tag Archives: Nikkei

Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck

Japanese regulators have announced stricter regulations for cryptocurrency exchanges in an effort to prevent another heist like the one that befell Coincheck in January, according to Nikkei Asian Review. The country’s Financial Services Agency expects to begin using a new, stricter framework for registered cryptocurrency exchanges this summer, and will advise those that fail to meet its new rules to discontinue operations. Both new and existing operators will be required to meet the new standards. Continue reading Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck

Thai Finance Ministry Releases Tax Framework

Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains crypto tax in Thailand was 15 percent. Continue reading Thai Finance Ministry Releases Tax Framework

AirAsia Planning Cryptocurrency-Based Rewards Program

Malaysian low-cost airline AirAsia is launching a cryptocurrency-based rewards program. AirAsia chief executive Tony Fernandes told Nikkei Asian Review that its frequent-flyer rewards program is being converted into a cryptocurrency platform called BigCoin. The move is part of a broader effort to improve the airline’s digital services and move the company toward a cashless system. Continue reading AirAsia Planning Cryptocurrency-Based Rewards Program

Binance Plans to Move Office in Malta

Cryptocurrency exchange Binance has received a formal warning from Japan’s Financial Services Agency (FSA) for operating in the country without registering with the regulatory agency as a cryptocurrency trading platform. In a letter dated March 23 and addressed to Binance CEO Changpeng Zhao, the FSA warned the exchange operator to cease operating in Japan without a license. Continue reading Binance Plans to Move Office in Malta