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.

Binance’s establishes MoU with Digital Jersey in the country of Jersey to develop an exchange.

Korea Financial Intelligence Unit will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering policies.

Laos welcomes first certified Cryptocurrency Exchange.

Coin and Exchange News

Binance adds ETC/BNB and ETC/USDT trading Pairs after Coinbase lists ETC.

Co-Founder of Ontology Andy Ji announced his candidacy for the Superhero Championship of Huobi Chain.

As part of their bounty program, Upbit has rewarded 6 people for
reporting fraudulent crypto schemes.

Business and Regulation News

Tencent-backed Chinese Yelp plans US$6 bn IPO filing this month with $60 bn valuation.

Korea’s state-owned banknote printing corporation has contracted LG’s Monachain blockchain.

Korean Banks to use Samsung SDS Blockchain to verify Customer IDs from July.

Japan’s financial crime task force eyeing binding crypto exchange rules later this month.

Japan’s UNIMEDIA announced that it will launch a mining business in Mongolia.

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