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Today’s Crypto News on Asia — June 12th

BitTorrent sold to TRON CEO; Binance’s new exchange in Jersey; Lao’s first crypto exchange; Korea will regulate crypto exchange like banks

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Top News

BitTorrent has reportedly been sold to blockchain founder and developer of the TRON platform, Justin Sun. http://bit.ly/2sWMlzh

Binance’s establishes MoU with Digital Jersey in the country of Jersey to develop an exchange. http://bit.ly/2sRa6bT

Korea Financial Intelligence Unit will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering policies. http://bit.ly/2sRjUCF

Laos welcomes first certified Cryptocurrency Exchange. http://bit.ly/2MnjrA2

Coin and Exchange News

Binance adds ETC/BNB and ETC/USDT trading Pairs after Coinbase lists ETC.http://bit.ly/2JEc45F

Co-Founder of Ontology Andy Ji announced his candidacy for the Superhero Championship of Huobi Chain. http://bit.ly/2y4Tnqr

As part of their bounty program, Upbit has rewarded 6 people for
reporting fraudulent crypto schemes. http://bit.ly/2Mk75Jk

Business and Regulation News

Tencent-backed Chinese Yelp plans US$6 bn IPO filing this month with $60 bn valuation. https://bloom.bg/2MjhpB7

Korea’s state-owned banknote printing corporation has contracted LG’s Monachain blockchain. http://bit.ly/2JBOkyV

Korean Banks to use Samsung SDS Blockchain to verify Customer IDs from July. http://bit.ly/2sQuABA

Japan’s financial crime task force eyeing binding crypto exchange rules later this month. https://read.bi/2MnhvI6

Japan’s UNIMEDIA announced that it will launch a mining business in Mongolia. http://bit.ly/2t1u0QM

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