Global Coin Research: Iran finalizing crypto mining tariffs, South Korean crypto-related crimes prove costly

Quick Take

  • A summary of the week’s top crypto news in Asia by Global Coin Research

The following twice a week newsletter released Tuesday and Friday is republished with permission from Global Coin Research, a global research firm with a focus on Asia blockchain and related technologies. You can find more resources on Asia Cryptocurrency and Blockchain at and on Twitter at @globalcoinrsrch

Global Coin Research Newsletters in Chinese

Top News

An inter-ministerial committee set up by the India government on virtual currencies has proposed banning of private cryptocurrencies. Source

The Palestinian government intends to use cryptocurrency to replace legal currency. Source

Justin Sun falls ill with kidney stones and postpones $4.6 million lunch with Warren Buffett. Source 


Coins and Mining

Ripple expands into South Korea via Moneygram-Sentbe partnership. Sentbe is the payment processor for Samsung. Source

Binance-backed cybersecurity company CertiK has launched its native CertiK Chain blockchain. Source


Exchange News

Binance Launchpad announces Tron-backed WINk IEO. WINk is, in fact, a rebrand of the popular gaming platform, TRONbet. Source

GCR Workshop #7: Everything You Want to Know about Exchange Huobi- Exchange Developments; Expansions and Product Launches. Source


SWIFT announced a successful trial of instant cross-border transfers in Asia- the trial performed instant payments between 17 banks located in Australia, China, Canada, Luxembourg, The Netherlands, Singapore, and Thailand, taking up to 25 seconds, with the fastest taking 13 seconds. Source

Swedish cryptocurrency retailer QuickBit exposes over 300,000 records on public MongoDB database. Source

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. technology offers an opportunity for smaller banks in the Philippines to boost lending and offer other financial services in rural areas. Union Bank of the Phillipines as partnered with blockchain firm Riddle & Code to produce a hardware wallet for automobiles. Source

AlipayHK will extend mobile-wallet service nationally, granting Hong Kong users new payment rails in mainland China. Source



Securitize: Why blockchain miners shouldn’t be considered broker-dealers: the legal view. Source

The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage since July 2017. Source

Bank of Thailand is open to discuss Libra, concerned over security; to prudently study of both the benefits and risks of the virtual coin is still needed. Source

Iran has come to a final decision about its tariffs for cryptocurrency mining, and the Economic Commission of the government has agreed to set electricity prices for mining cryptocurrencies based on similar tariffs used for electricity exports. Source

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