Asia

December 9, 2019 @ 4:43 pm By Cali Haan  |  

HBUS, a compliant US-based crypto trading platform formed in partnership with popular China-based cryptocurrency exchange Huobi, has announced it is closing its doors. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to… Read More

December 9, 2019 @ 11:48 am By Omar Faridi  |  

Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that are based in Asia. Regtech100 compiles a list of the 100 most innovative Regtech firms each year. The list aims… Read More

December 9, 2019 @ 8:54 am By Omar Faridi  |  

Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may need. The legal technology (Legaltech) startup has reportedly raised $100,000 from various angel investors. The investors include:… Read More

December 8, 2019 @ 6:18 pm By JD Alois  |  

Switzerland based Fintech Incubator & Accelerator F10 has set up a new office in Singapore to expand its reach in the world of Fintech. Singapore is a well established Fintec hub due to the exceptional support by the Singaporean government and financial regulators. F10 said… Read More

December 8, 2019 @ 5:50 pm By Omar Faridi  |  

Wamda has reportedly made an investment in United Arab Emirates (UAE)-headquartered Fintech firm FlexxPay. The social impact company offers various benefit solutions to workers, which are available for businesses in the Middle East and North Africa (MENA) region. Wamda’s latest investment is part of FlexxPay’s… Read More

December 7, 2019 @ 7:44 pm By Cali Haan  |  

Authorities in Thailand have arrested 24 Chinese nationals perpetuating a scam involving cryptocurrencies and solicitation phone calls to citizens living in China. According to the Thai Immigration Bureau, the parties arrested were recruited by a gangster who, open the workers’ arrival, confiscated their passports. The… Read More

December 7, 2019 @ 1:05 pm By Omar Faridi  |  

Securitize, a platform for the issuance and management of compliant, blockchain-based digital securities, has reportedly acquired a Japanese consulting and development firm focused on distributed ledger technology, called BUIDL, in order to further expand its operations in Japan. We just announced at the Global Brain… Read More

December 6, 2019 @ 9:11 am By Cali Haan  |  

Chinese state media vehicle Xinhua is reporting details about a state-supported blockchain initiative in the South China island province of Hainan. Hainan’s blockchain pilot zone, which is based in the Hainan Resort Software Community (RSC) industrial park, was actually launched in October 2018. The zone… Read More

December 6, 2019 @ 8:20 am By Omar Faridi  |  

China’s central bank announced on December 5 that it’s planning to support the nation’s capital city Beijing in exploring and experimenting with various regulatory guidelines for the evolving Fintech industry in order to develop a more inclusive and suitable supervision framework. The nation’s Fintech regulation… Read More

December 5, 2019 @ 10:25 pm By Samantha Hurst  |  

SpaceChain, a Singapore-based blockchain community platform, announced on Thursday it has sent its blockchain hardware wallet technology to the International Space Station. The company claims that its tech is considered the first technology demonstration of blockchain hardware on the space station and will be installed… Read More

December 5, 2019 @ 4:19 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Thursday that Ping An Global Voyager Fund, its overseas investment arm, has led a $70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. Ping An reported that this is its first venture investment… Read More

December 5, 2019 @ 7:23 am By Cali Haan  |  

Huobi, one of a few cryptocurrency and online lending businesses in China to have survived a recent “rectification” spree, will be hosting an International Cooperation Forum on Digital Economy and Blockchain on the island of Hainan December 5th and 6th. The “state-sanctioned event,” says Huobi,… Read More

December 5, 2019 @ 6:17 am By Samantha Hurst  |  

Japan-based cryptocurrency exchange bitFlyer announced on Thursday the launch of Instant Buy on its Buy/Sell exchange platform in Europe. The exchange reported that the feature, which is available on desktop and smartphone, allows users to buy cryptocurrency directly from bitFlyer, using a credit card, debit… Read More

December 4, 2019 @ 10:39 pm By Omar Faridi  |  

Companies based in Singapore are now able to instantly open a business banking account with the Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation. According to the announcement, local startups are now able to open an OCBC account… Read More

December 4, 2019 @ 10:28 am By JD Alois  |  

A group of former Morgan Stanley executives is launching a crypto derivatives exchange in a move to rival the CME. Phemex, a trading platform that claims to be able to manage 300,000 TPS, is said to be on par with the technical capabilities of the… Read More

December 4, 2019 @ 7:55 am By Samantha Hurst  |  

Hong Kong cryptocurrency exchange Crypto.com announced on Wednesday it has opened its platform to the public after launching in private beta this past month. Crypto.com claims that its platform enables users to trade digital assets on the “most liquid and secure platform” in the market… Read More

December 3, 2019 @ 3:28 pm By Omar Faridi  |  

Seneca College, a provider of polytechnic education to around 30,000 full-time and 60,000 part-time students, has launched a new Fintech Centre in Mumbai, India via a collaboration with the Thakur Institute of Management Studies and Research (TIMSR). According to a release: “The Seneca-TIMSR Fintech Centre… Read More

December 3, 2019 @ 11:16 am By Omar Faridi  |  

Property investment for the average person usually involves making investments in projects that have already been completed. However, there’s now an opportunity to invest in property projects before they’re actually completed. This has been made possible by leveraging blockchain technology. It can take several years… Read More

December 3, 2019 @ 6:53 am By Omar Faridi  |  

Singapore-based FinAccel, a Fintech firm that allows Indonesian consumers to purchase items online and make payments later under the Kredivo brand, has secured $90 million via a Series C equity funding round. The funds will be used to expand the firm’s operations in Indonesia. According… Read More

November 30, 2019 @ 11:16 pm By Xu Gao  |  

The People’s Bank of China Releases Financial Stability Report with Special Focus on Online Lending The People’s Bank of China (PBC) released the 2019 China Financial Stability Report lately, which gives a comprehensive review of the soundness of China’s financial system since 2018. While incremental… Read More