Asia

September 13, 2018 @ 9:01 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) has signed an agreement to collaborate on Fintech innovation. MAS has signed many of these types of agreements over the past several years. The CFTC is unique in the US as… Read More

September 12, 2018 @ 3:36 pm By JD Alois  |  

The United Kingdom and Singapore held their 4th joint meeting of financial services regulators and policymakers. The meeting took place in London yesterday where officials discussed regulatory initiatives and standards of conduct in the financial sector. Both the UK and Singapore have pursued Fintech innovation… Read More

September 12, 2018 @ 1:11 pm By Samantha Hurst  |  

Coinme, a financial services and blockchain technology company, announced on Wednesday it has appointed Chris Rolling as its new CFO. According to Coinme, Rolling has more than thirty years of executive-level experience at public and private companies around the globe. He is set to help… Read More

September 12, 2018 @ 11:36 am By Cali Haan  |  

Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More

September 12, 2018 @ 9:29 am By Cali Haan  |  

The founder of controversial crypto exchange OKEx has been questioned by Shanghai police regarding a case of suspected ICO fraud, Sina.com reports. The supervisor of the Shanghai Weifang Xincun Police Station, Lu Jun, issued a statement claiming that Shanghai police questioned OKEx founder Winxing (Star)… Read More

September 12, 2018 @ 8:25 am By JD Alois  |  

Invest Hong Kong (InvestHK) has shared details of its 3rd annual Hong Kong Fintech Week. The private – public partnership event which seeks to promote Hong Kong’s prominence in the fast evolving Fintech sector will be a bit different this year. For 2018, HK Fintech… Read More

September 11, 2018 @ 5:21 am By Erin Hobey  |  

The Waves Platform, a decentralized global platform offering an ecosystem for blockchain developers, has begun its process of activating Smart Contracts on the platform’s MainNet. According to the platform, Waves released a new system protocol for its blockchain, the first stage of the launch of Smart… Read More

September 10, 2018 @ 11:22 pm By JD Alois  |  

LATTICE80 has announced the launched an Angel Investor Network across 200 cities globally. LATTICE80, a large Fintech Hub with a presence in Asia, the Middle East, Africa and Europe, says its KAYA Network currently consists of a databased of more than 11,000 Fintech and Blockchain companies,… Read More

September 10, 2018 @ 10:21 pm By Cali Haan  |  

Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNews reports. The venture is being led cooperatively by KOBEA, the Economic Committee of Korea… Read More

September 10, 2018 @ 10:47 am By Cali Haan  |  

Cryptocurrency trading continues in China despite a ban imposed in September 2017 and escalating countermeasures this summer, The South China Morning Post reports: “Despite multiple attempts by Beijing to shut down all local exchange platforms since September 2017, cryptocurrency trading (has) continued to prosper, with many Chinese… Read More

September 9, 2018 @ 9:30 pm By Steven McClurg and Katie Talati  |  

As the second largest world economy, China is important to examine when considering the crypto market. For most of us, the world revolves around markets, news, and innovation within the United States. However, many may be missing moves made by the Chinese government as it… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More

September 8, 2018 @ 3:00 pm By Xu Gao  |  

The PBOC Sets Up a Financial Technology Company in Shenzhen On September 5th, the Digital Money Research Institute of People’s Bank of China established “Shenzhen Financial Technology Co., Ltd.” in Shenzhen. People familiar with the project said the company was involved in the development of… Read More

September 8, 2018 @ 12:29 pm By JD Alois  |  

TransferTo, a cross-border mobile payments network that topped $800 million in the first six months of this year, has invested in blockchain firm OXIO. According to a release, OXIO operates a mobile internet exchange and uses blockchain technologies to power fast and affordable mobile internet access… Read More

September 7, 2018 @ 8:42 pm By Cali Haan  |  

China’s Supreme People’s Court has stated that it will recognize evidence submitted for cases tried in the country’s new online court system if that evidence has been provably and securely logged on some type of secure distributed database (blockchain or DLT). The Chinese legal system… Read More

September 7, 2018 @ 12:10 pm By Samantha Hurst  |  

Huobi Group, a digital asset marketplace, announced on Friday it is planning to expand into Indonesia with its exchange, which will list 123 tokens and incorporate a two-factor authentication (2FA) to secure each digital asset. According to Huobi, the Indonesian digital currency exchange will be built on Huobi Cloud platform and will cover… Read More

September 6, 2018 @ 1:50 pm By Cali Haan  |  

The Municipal Justice Bureau of Zhongshan has launched a blockchain-based, “community correction and supervision system,” to track the movements of, “community prisoners at any time and any place,” Zhongshan Daily reports. The new system of “smart (and) mutual supervision” will reportedly settle data about parolees whereabouts… Read More

September 6, 2018 @ 6:27 am By Erin Hobey  |  

RocketShoes has made a timely back-to-school announcement that its app will utilize blockchain and distributed ledger technology extension ProximaX to power its advanced education platform, a collaboration which seeks to confirm the relevance of ProximaX’s blockchain technology serving industries beyond fintech. “We’re working with leading… Read More

September 5, 2018 @ 10:04 pm By Cali Haan  |  

The Central Bank of Samoa (CBS) has issued a press release warning the public that cryptocurrencies like Bitcoin have no legal status as currencies in that country and should be considered, “very risky and speculative in nature.” According to the CBS: “People who invest in… Read More

September 5, 2018 @ 11:32 am By Cali Haan  |  

Philippine SEC Commissioner Ephyro Luis Amatong has stated that regulators expect to release draft rules governing cryptocurrency exchanges by the end of this week, Manila Times reports. “We see the need to regulate them as trading platforms,” he said. As part of the rule-determination process,… Read More