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China's largest cryptocurrency operators seek new life in friendlier Asian jurisdictions such as Hong Kong, Singapore, South Korea, and most especially, Japan as the mainland – once a home to the world's biggest community of Bitcoin miners – cracks down on cryptocurrency activity. Kicked out of their own territory and forced to shift resources en masse, China's exchanges and wallet services are now harboring for alternative investments by attracting new customers and staking out other corners of the $170 billion industry in the global market. They are either setting up over-the-counter shops in Hong Kong, planning operations in Singapore and South Korea, or applying for licenses in Japan (whether solo or via partnership). OKEx (one of the largest bitcoin operators in China backed by ...

When cryptocurrencies were launched in late 1990s it might have been just something more than a hobby for many or us, but its immense potentiality has lately started to catch eyes of mainstream financial institutions as well as professionals, and as an aftermath the world's first Bitcoin exchange-traded fund (ETF) is learned to be getting started later this year. The vision behind ETF is of the Winklevoss twins. They are more known for involvement in Facebook Inc. Undoubtedly the popularity of Bitcoin has grown several folds over a decade. Prospects and clients have been showering tons and tons of questions. Financial advisors are facing tough situations answering those and taking decisions. The most common questions are whether there exists any tax or legal issues in one's jurisdict...

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Why China’s Cryptocurrency Barons Are Seeking New Life in Japan and Singapore

Who Loses, Who Wins After China’s Crackdown On Cryptocurrencies