カテゴリー: Customers

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid ControversiesSouth Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Service Could Resume Around July 15 South Korea’s seventh largest crypto […]

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Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid ControversiesSouth Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Service Could Resume Around July 15 South Korea’s seventh largest crypto […]

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Vietnam Proposes Import Ban on Bitcoin Mining Equipment

Vietnam Proposes Import Ban on Bitcoin Mining EquipmentVietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry […]

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Research: Majority of EU, US Exchanges and Wallets Fail to KYC Users

Research: Majority of EU, US Exchanges and Wallets Fail to KYC UsersMore than two thirds of the leading cryptocurrency exchanges and wallet providers on both sides of the Atlantic fail to conduct proper identity verification checks. According to new research into their onboarding practices, most of the studied platforms do not meet the requirements of the upcoming regulations under the updated EU anti-money laundering directive. Also […]

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Consumer Complaints Rise 669% After Crypto Prices Decline

Consumer Complaints Rise 669% After Crypto Prices DeclineJust recently a consumer research group called Valuepenguin did an analysis on complaints filed with the Consumer Financial Protection Bureau (CFPB) between June 1, 2017 and March 1, 2018. According to the study, after the significant 50-60 percent downturn in cryptocurrency values, consumer complaints surged by 669 percent. Also Read: Israeli Supreme Court Forbids Bank From […]

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public TrustJapanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to […]

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U.S. Corporate Customers Barred From Bitfinex’s Margin Markets

U.S. Corporate Customers Barred From Bitfinex’s Margin Markets?Multiple concerned U.S. corporate customers of Bitfinex have posted on Reddit after discovering that they were unable to access the exchange’s margin trading services. Although Bitfinex has previously indicated that it would no longer allow U.S individuals to access the exchange’s services, Bitfinex’s support portal currently states that the restrictions do not affect U.S. corporate […]

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Leading Australian Banks Allow Customers to Purchase Cryptocurrencies

Three of Australia’s ‘big four’ banks have issued comments regarding their respective policy positions with regards to their customers’ ability to purchase cryptocurrency using accounts issued by said banks. The statements come weeks after reports surfaced detailing an apparent banking embargo on the part of Australian banks targeting cryptocurrency businesses. Also Read: Australian Freeze: Big Aussie […]

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Luno Exchange Bank Account Frozen by Malaysian Tax Officials

Luno Exchange Bank Account Frozen by Malaysian Tax OfficialsOver the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the country’s tax officials. Also read: Federal Reserve Chair: “Fed Doesn’t Really Play Any […]

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