Coinrail has a recovery plan, Cambodian investors need a license, Vietnam approved a cybersecurity bill, Australia will collect Capital Gains Tax, Japan will release new guidelines, SEC threatens McAfee, BitTorrent's price, the US officials will disclose their crypto holdings.
- South Korean cryptocurrency exchange Coinrail which was hacked on June 10 sets up a recovery plan with various stakeholders such as coin developers despite surrounding controversies.
- Cambodia has announced that domestic investors are now required to obtain a license in order to purchase, sell or trade cryptocurrencies, otherwise such activities will be considered illegal.
- Vietnam legislators approved a cybersecurity bill putting tighter rules on tech companies from the start of 2019 and requiring their physical presence in the country. Vietnam has been recognized as a potential hub for blockchain activity but doubts still remain over regulatory uncertainty.
- The Australian Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains, essentially classifying them as assets.
- Japan’s Virtual Currency Exchange Association (JVCEA) comprising of 16 government-approved cryptocurrency exchanges is expected to release new guidelines next week which are focused on banning insider trading and preventing exchanges from listing privacy coins.
- John McAfee tweeted that he will no longer engage in promoting ICOs as SEC threatens him. According to his comments, the SEC has made contact with the cybersecurity magnate and demanded he stops all work in conjunction with ICOs, including their promotion to his 800,000 strong Twitter fanbase.
- BitTorrent has been reportedly sold to Justin Sun, the founder of cryptocurrency TRON, for $140 million.
- US Office of Government Ethics (OGE) stated that government officials for the executive branch of the government are required to disclose their cryptocurrency holdings.