Asia

May 28, 2018 @ 7:23 pm By Cali Haan  |  

The crypto press is reporting on several recent initiatives in China to advance the state of it’s blockchain sector and capitalize on efficiencies to government and business operations the new tech may allow. Coindesk reported on May 25th that the Xiong’An (or “Grand Shores”) fund… Read More

May 28, 2018 @ 9:34 am By JD Alois  |  

Huobi Group has launched th Huobi 10 Index or “HB10,” an index designed to track 10 well-known digital assets with largest market value and most liquidity. By measuring the overall performance of those digital assets that are traded against USDT on Huobi Pro, HB10 seeks… Read More

May 28, 2018 @ 8:56 am By JD Alois  |  

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. According to KPMG, this year’s program will focus on 80 problem statements in the following 4 categories:… Read More

May 28, 2018 @ 8:38 am By Cali Haan  |  

South Korea’s largest cryptocurrency exchange and the fifth largest exchange in the world has announced it will cut off new and existing users trading from 11 countries identified by the Financial Action Task Force (FATF) as lax on money laundering and terrorist financing. Effective May… Read More

May 26, 2018 @ 5:21 pm By Xu Gao  |  

Tsinghua PBCSF Global Finance Forum (2018) convened in Beijing On May 19, Tsinghua PBCSF Global Finance Forum (2018), which was hosted by Tsinghua University and organized jointly by the Tsinghua University PBC School of Finance (PBCSF), Tsinghua University National Institute of Financial Research (NIFR) and… Read More

May 25, 2018 @ 9:28 am By Samantha Hurst  |  

Mizuho Financial Group, Inc. announced last week it has agreed to sponsor Neutrino, Japan’s first blockchain1 coworking space. According to the firm, Neutrino, which located in Tokyo’s Shibuya Ward, was established by Omise Japan (CEO: Jun Hasegawa). It was reported: “One of the key features… Read More

May 25, 2018 @ 7:55 am By JD Alois  |  

Huobi.Pro, a cryptocurrency exchange, says it wants to make Vietnam a strategic fortress. The comments came during a keynote speech at the Blockchain Festival Vietnam. Huobi claimed an annual turnover of $850 million in 2017 – so it is pretty big. While some jurisdictions have… Read More

May 24, 2018 @ 9:31 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a warning to eight cryptocurrency exchanges operating in Singapore. The notice told the exchanges NOT to facilitate trading in digital tokens nor future contracts without the explicitly authorization by MAS. The warning targeted security tokens and it… Read More

May 22, 2018 @ 2:59 pm By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Tuesday it has teamed ups with Malayan Banking Bhd (Maybank) to launch a new cashless payment method known as the GrabPay mobile wallet. This news comes just a couple months after Grab announced the launch of its new financial services… Read More

May 22, 2018 @ 11:53 am By Erin Hobey  |  

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

May 22, 2018 @ 9:55 am By Samantha Hurst  |  

Flywire, a fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced this week it has partnered with SP Jain School of Global Management to launch a startup competition, the Flywire Challenge, to power a new generation of transformative entrepreneurship in Singapore and the APAC… Read More

May 21, 2018 @ 5:25 pm By JD Alois  |  

Singapore based Huobi Group, a crypto exchange and blockchain solutions provider, has appointed the former OKEx CEO, Chris Lee as Board Secretary and Vice President of Global Business Development. Lee will be leading Huobi Group’s global M&A strategy and oversee the development of international teams…. Read More

May 21, 2018 @ 7:52 am By JD Alois  |  

Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions in the world, and Akamai Technologies, have announced the development of a new blockchain service. This new partnership seeks to create “the world’s most scalable and fastest payment processing platform” with a capacity to… Read More

May 20, 2018 @ 3:35 pm By JD Alois  |  

This past week the Chinese National Committee of Experts on the Financial Security Technology issued a report highlighting fraud in the cryptocurrency marketplace. The government sponsored group pointed to 421 “fake virtual currencies coming from overseas.” China has effectively banned cryptocurrencies and initial coin offerings…. Read More

May 19, 2018 @ 6:46 pm By Xu Gao  |  

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

May 18, 2018 @ 8:43 am By JD Alois  |  

The Thailand Securities and Exchange Commission (SEC) said that new legislation enacted to regulate the offering of digital assets, including initial coin offerings (ICOs) and businesses undertaking these activities, is now effective. A public hearing is scheduled to take place on the regulations at a future… Read More

May 17, 2018 @ 12:36 pm By Erin Hobey  |  

Indorse, a blockchain-powered social network for professionals, has partnered with ICOCrunch, an independent research platform that showcases ICO projects. Through this partnership, Indorse will help ICOCrunch add an “additional layer of legitimacy” to projects on the platform. Once a project has been verified through Indorse,… Read More

May 17, 2018 @ 12:04 pm By Erin Hobey  |  

Jirnexu is in the money, as the old song goes. The Kuala Lumpur-based financial services provider has nabbed US$11 million in a Series B finding round led by SBI Group and new investor SIG Asia Investments, according to Tech in Asia. The new funding will be… Read More

May 15, 2018 @ 12:31 pm By Erin Hobey  |  

Tech Bureau, a blockchain software and services provider, has released mijin v.2, also known as Catapult, a full-featured, blockchain engine delivering a new version of the NEM protocol for both public and private networks for enterprise. The company is also launching a self-service, on-demand developer… Read More

May 15, 2018 @ 11:34 am By Erin Hobey  |  

ALAX, a Hong Kong and Geneva based mobile game distribution platform, has raised US$3.8 million from its token-based fundraise. With its fresh funding, ALAX plans to strengthen its commitment toward bringing quality mobile gaming content to Asia. Funding will also help drive product development, international… Read More