Korea

Ministry of Strategy and Finance officials have been sent to Japan to discuss oversight and taxation issues, with plans to also visit US, UK, German authorities.

Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.

Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.

Plan includes penalties for noncompliance, rooting out of foreign investors and minors, but no trading ban in the short term.

Measures include overhauling Kosdaq listing requirements, strengthening competitiveness, and improving market soundness and investor trust.

Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks' cryptocurrency activities.

Government to cut threshold from 25% to 5%, ASIFMA says reduction will challenge securities firms, produce no tax revenue.

Traders can only use real names to open cyptocurrency accounts, must be authenticated by banks under state regulatory jurisdiction.

Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.