The South Korean National Assembly unanimously voted in favor of a bill on Thursday that provides the regulatory framework for cryptocurrencies, exchanges and crypto-related platforms. The approval of the amended Special Financial Transactions Information Act signifies the legalization of cryptocurrency trading and holding in the country. It marks one of the world’s most comprehensive legal frameworks for the emerging industry. More
A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone, where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, mentoring and funding. More
The Philippines is building Asia’s crypto hub, and it has found a partner in Japan. The two countries will team up on a project that will see the construction of a special economic zone for blockchain and cryptocurrency companies. The Philippines will construct an $80 million airport to open up the region and make it a blockchain hotspot. More
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