Asia

May 24, 2019 @ 2:23 am By Cali Haan  |  

The Central Bank of Laos’ Transaction System Management Department is reminding businesses and the public that the buying, selling and/or use of cryptocurrencies is banned in the country, English-language Laotian newspaper The Vientiane Times (VT) reports. The warning has reportedly been issued after the department noticed ads… Read More

May 23, 2019 @ 8:48 am By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Wednesday it has formed a new partnership with Thailand-based banking group, KASIKORNBANK. The partnership will reportedly help InstaReM further entrench itself as a leading player in the institutional payments space. While sharing more… Read More

May 21, 2019 @ 3:00 pm By Samantha Hurst  |  

Alipay announced on Tuesday that fintech company ininal has become its first partner in Turkey. According to Alipay, ininal is a new-general payment platform and a subsidiary of Multinet Up. The partnership will allow Alipay to be available for Chinese mainland visitor sat bricks-and-mortar stores… Read More

May 20, 2019 @ 2:01 pm By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

May 20, 2019 @ 8:30 am By JD Alois  |  

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More

May 20, 2019 @ 7:22 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it has listed Qtum (QTUM) to its Wallet and Card App. The exchange reported that Qtum is the fourteenth token added to its platform and joins cryptocurrencies and stablecoins such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC),… Read More

May 19, 2019 @ 5:24 pm By JD Alois  |  

The Securities Commission Malaysia (SC) has updated crowdfunding rules to better fit the emerging market of online capital formation while announcing the approval of multiple new platforms targeting different sectors of digital finance. During a routable organized by the SC which included the participation of… Read More

May 17, 2019 @ 3:21 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

May 17, 2019 @ 4:13 am By Cali Haan  |  

Asia Business Law Journal (ABLJ) has published a comprehensive article on the current state of crypto law in Asia. Here, we provide a summary of the most salient point presented by ABLJ from each region. Philippines According to the International Monetary Fund (IMF), Global growth… Read More

May 17, 2019 @ 3:08 am By Cali Haan  |  

Facebook has picked up two former employees from Coinbase, the San Francisco-based crypto trading platform, Coindesk reports. In all likelihood, the two may have been hired to contribute to Facebook’s top-secret go at creating a price-stabilized cryptocurrency for use in a Facebook-linked payments system the… Read More

May 16, 2019 @ 8:41 am By JD Alois  |  

NEM (XEM) has bounced solidly in the last few days rising by around 48% in value, according to Coinmarketcap. Of course, the broader crypto market has recently experienced a resurgence in investor interest as crypto stalwart Bitcoin has doubled in value from recent month lows…. Read More

May 15, 2019 @ 8:27 am By Samantha Hurst  |  

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Wednesday its financial results of 2019’s first quarter. According to Ma Huateng, Chairman and CEO of Tencent, Tencent sustained “healthy user engagement” across its key platforms and saw notable growth in… Read More

May 15, 2019 @ 7:48 am By Samantha Hurst  |  

Singapore-based Pundi X announced on Wednesday that its blockchain-powered point-of-sale (POS) solution XPOS has received FCC, CE, KC and UAE TRA certifications. Pundi X claims that the XPOS is the first wireless point-of-sale solution that enables merchants and consumers to do secure digital transactions on… Read More

May 14, 2019 @ 7:42 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MoU) to collaborate on Fintech innovation between the two regulatory authorities. The MoU was signed between Norman Chan, Chief Executive of the HKMA, and Veerathai Santiprabhob, Governor… Read More

May 13, 2019 @ 3:40 pm By JD Alois  |  

Bitcoin has been rallying in recent days compelling many followers to declare the crypto winter has ended. Crypto spring is here. Bitcoin recently bounced off of USD $8000.00 and, as of today, hovers around USD $7800.00. BTC started May at about $5300. So what gives?… Read More

May 13, 2019 @ 12:00 pm By JD Alois  |  

HBUS, a US-based digital asset marketplace and part of the Huobi Group, says that crypto adoption is gaining momentum in the US. HBUS was launched in July of 2018 and is part of Singapore-based Huobi Group’s global expansion plans. HBUS surveyed 1067 US citizens during… Read More

May 13, 2019 @ 10:03 am By JD Alois  |  

Greensill, a working capital provider, has received an $800 million investment from the SoftBank Vision Fund, according to a release from the firm. Greensill said the investment “underscores the value of working capital finance as the most advanced means of providing low-cost capital to companies… Read More

May 13, 2019 @ 9:22 am By JD Alois  |  

Earlier today, KAYA, the native token issued by LATTICE80, was delisted by COSS.io. In February, LATTICE 80 reported that it had “finished the ICO round 2 with $52 million committed” and planned a 3rd round. The Business Times reported that Rune Evensen, CEO of COSS.io,… Read More

May 11, 2019 @ 5:02 pm By Xu Gao  |  

Beijing: unpaid parking fees may be included in your personal credit report Since January 2019, the Beijing Municipal Commission of Transport has introduced digital payments for all curb parking areas in Dongcheng District, Xicheng District and Tongzhou District, and is planning to extend it to… Read More

May 10, 2019 @ 10:27 am By JD Alois  |  

GTR Ventures has taken an equity stake in supply chain management and finance platform Octet Europe. Details on the investment were not disclosed. GTR Ventures has offices in both Singapore and London and this is their 10th Fintech focused investment but first in Europe. Octet… Read More