Asia

January 8, 2018 @ 11:14 am By JD Alois  |  

InvestHK, part of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support businesses to expand in Hong Kong, has released details of the forthcoming StartmeupHK Festival 2018 scheduled to take place from January 29 to February 2nd…. Read More

January 8, 2018 @ 8:33 am By JD Alois  |  

As we reported this past weekend, the People’s Bank of China (PBOC) is rumored to be discussing a power cut for Bitcoin miners. Now there is a document circulating on the internet that indicates China wants to shut down Bitcoin mining altogether. While the complete… Read More

January 7, 2018 @ 7:00 pm By Pawee Jenweeranon  |  

An initial coin offering (ICO) is an alternative to the traditional models of start-up and other companies to raise capital. In Thailand, the Securities and Exchange Commission (the Thai SEC) recently expressed their view on ICOs indicating they realize the potential of ICOs to satisfy… Read More

January 6, 2018 @ 5:20 pm By Xu Gao  |  

Tencent Wins Third-Party Fund Sales License On January 2, 2018, the Shenzhen Securities Regulatory Bureau issued this year’s first fund sales license to internet giant Tencent Holdings, or more specifically Teng An Information Technology (Shenzhen) Co., Ltd. According to the document, the company was allowed… Read More

January 5, 2018 @ 12:22 pm By JD Alois  |  

The Securities Commission Malaysia (SC) says it has noticed an increase in initial coin offerings (ICOs) and the solicitation of the general public – including senior citizens. The cautionary statement by the SC was apparently cased by the forthcoming CopyCashCoin ICO that is scheduled to… Read More

January 5, 2018 @ 10:39 am By JD Alois  |  

Blockchain based identity firm SelfKey has shared that its Pre-Public Sale hit its cap of $15.84 million four days before the scheduled closing date. The public initial coin offering (ICO), is scheduled to kick off on January 14th at 12AM UTC. If you are are… Read More

January 5, 2018 @ 9:26 am By Samantha Hurst  |  

Future FinTech Group Inc. (NASDAQ: FTFT), a Chinese fintech company and integrated producer of fruit-related products, today announced that it received a 5% equity interest in Nova Realm Limited. Nova Realm is described as a blockchain technology research and development company registered in the UK The company developed… Read More

January 4, 2018 @ 12:55 pm By Erin Hobey  |  

Qtum, a blockchain application platform, has partnered with Baofeng, a Chinese video portal, to help achieve the world’s first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network. With the help of Baofeng, Qtum will run 50,000 full network nodes and reportedly claim the… Read More

January 3, 2018 @ 4:14 pm By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Wednesday its 2017 progress and 2018 goals. CEO and Co-Founder, Prajit Nanu, took to the company’s blog to reveal details about the past twelve… Read More

January 3, 2018 @ 3:44 pm By Samantha Hurst  |  

Earlier this week, CEO of MyCash Online, Mehedi Hassan, announced the Malaysia-based fintech company will be moving its headquarters to Singapore. According to Digital News Asia, Hassan reported that the move is due to the fact that Singapore offers the startup with more opportunities, especially… Read More

January 3, 2018 @ 10:10 am By JD Alois  |  

Ant Financial, part of tech conglomerate Alibaba, announced its intent to purchase MoneyGram (NASDAQ: MGI)  a year ago. The acquisition would have combined MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts with Alibaba’s fast growing global Fintech presence. MoneyGram is currently active in… Read More

January 3, 2018 @ 9:20 am By JD Alois  |  

A report by Yonhap News says the South Korean government will ban all anonymous transactions in cryptocurrencies as soon as January 20th.  According to the article, only real name bank accounts will be allowed for deposits and transactions on exchanges. Simultaneously, new virtual cryptocurrency accounts… Read More

January 2, 2018 @ 10:24 am By Erin Hobey  |  

Crowdo, a South East Asian online marketplace for P2P lending and crowdfunding, posted an infographic citing its 2017 milestones. “2017 has been a great year for Crowdo as we hit several milestones and experienced tremendous growth in our organization where saw our year start off… Read More

December 30, 2017 @ 10:51 am By Xu Gao  |  

CBRC Rumored to Suspend Private Banks’ Online Lending Activities 2017 marks the third anniversary of China’s private banks. Over the past three years, 17 private banks have been granted operation licenses. However, as the volume of these new institutions grew, the overall financial regulatory environment… Read More

December 29, 2017 @ 12:33 pm By JD Alois  |  

The Taiwan legislature has passed legislation that will create a regulatory Fintech Sandbox in a move designed to keep the country up to date on the fast changing financial services industry. Inspired by the UK Fintech Sandbox, the law hopes to stop Fintech firms from… Read More

December 28, 2017 @ 12:02 pm By Samantha Hurst  |  

Singapore-based FundTier announced on Thursday it has received a Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). Co-founder of the funding portal Max Ho revealed to the Business Times that with the new license it will be able to reach out… Read More

December 28, 2017 @ 8:48 am By JD Alois  |  

Binance, one of the largest cryptocurreny exchanges in the world, has partnered with Uplive, in an interesting move to bring Uplive’s 20+ million users to the Binance platform. According to Binance, Uplive will feature a special virtual gift created specially for Binance’s token BNB. Uplive’s… Read More

December 27, 2017 @ 9:25 am By Erin Hobey  |  

Ahmedabad-based SME lending startup and Digital Lenders Association of India member Lendingkart Finance has secured $3.8 M (INR 25 Cr) in debt from the State Bank of India according to multiple news sources, just three months after hauling in $10.9M (INR 70 Cr) in funding round led… Read More

December 27, 2017 @ 8:11 am By JD Alois  |  

Cryptocurrency exchange Binance has claimed the top spot in regards to trading volume in digital currencies. According to Binance, the crypto exchange is now the largest in world having fulfilled trading volume of $2.8 billion since Tuesday. The milestone  takes place just 5 months after… Read More

December 26, 2017 @ 1:29 pm By Samantha Hurst  |  

Hong Kong’s payments and cryptocurrency platform Monaco announced on Tuesday an expansion of its strategic cooperation with Binance, where Monaco’s MCO token was listed this past summer. The company revealed that under this partnership expansion it will include support for Binance’s BNB token to its platform which… Read More