On a tip from authorities in China, police in the Philippines have arrested 277 people they believe pervaded a cryptocurrency scam that defrauded at least 1000 Chinese nationals, Business Inquirer reports. The scheme reportedly emanated from a company called Golden Millennial Quickpay Inc. Ltd., an offshore… Read More
iSTOX, a digital securities issuer and secondary trading platform, has hired Lim Mei Shern as its new Head of Compliance. Lim was previously at the Monetary Authority of Singapore (MAS) where she spent the past 15 years in the supervision of capital markets as well… Read More
The developers of HTC’s blockchain smartphone are reportedly adding support for Bitcoin Cash (BCH). HTC’s management announced on Monday that they’ve teamed up with Bitcoin.com, a Tokyo-based blockchain and fintech firm founded by crypto entrepreneur Roger Ver. The partnership between the two companies involves adding… Read More
Last month, the Monetary Authority of Singapore (MAS) began accepting applications for digital-only banks. The applications were being accepted by Fintechs and not established, traditional banks. MAS is expected to issue up to two digital full bank licenses and three digital wholesale bank licenses. The… Read More
United Nations Development Program (UNDP), an organization that provides expert advice, training, and grants to developing countries, is partnering with Silicon Valley venture capital firm and project accelerator 500 Startups, in order to make investments in Indonesia’s emerging startup ecosystem. The UNDP will be working… Read More
The global blockchain devices market is projected to grow by 42.5% at a compound annual growth rate (CAGR) by 2024, according to a report by Indian consulting firm MarketsandMarkets. Released on September 12, 2019, the company’s report is titled, “Blockchain Devices Market by Type (Blockchain… Read More
The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More
The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More
Bertrand Perez, General Director of the Libra Association says Facebook has no plans to delay the launch of its global (crypto)currency network, despite outcry from global regulators. “We are firmly maintaining our launch schedule, between the end of the first half of next year and… Read More
The Monetary Authority of Singapore (MAS), the nation’s central bank, announced on Thursday the appointment of its chief fintech officer Sopnendu Mohanty as a digital and fintech advisor to India’s Odisha state, according to a report by the Times of India. In his new advisory… Read More
Coinbase is considering launching an initial exchange offering (IEO) platform in Asia. This would allow it to launch and broker “a proprietary exchange token” and other tokens in the region, Coindesk reports. The crypto trading platform’s possible plans were announced this week by Kayvon Pirestani,… Read More
The ASEAN Financial Innovation Network (AFIN) committed to two memorandums of understanding (MOUs) on September 11, 2019, with Bridge+ and “Big Four” auditing firm PricewaterhouseCoopers’ (PwC) Singapore branch. Managing director of AFIN Manish Diwaan noted: “AFIN is delighted that industry leaders are coming together to… Read More
The Marshall Islands, an island country and a US associated state, is planning to issue its own government-backed cryptocurrency, the Marshallese sovereign (SOV). The SOV will be introduced through a token pre-sale, according to an announcement made at CoinDesk’s Invest: Asia event, held on September… Read More
Hong Kong-based fundraising platform BnkToTheFuture is planning to facilitate security token offerings (STOs). The move will be facilitated by a strategic investment in Diacle. Founded in 2013, Diacle is an appointed representative of Met Facilities LLP, which is authorised and regulated by the UK Financial… Read More
Although payments are increasingly digital, China has little interest in creating a self-settling digital yuan system using blockchain, Abacus News reports. According to the outlet: “China is increasingly a cashless society. Even street-food sellers in small towns will prefer to use a mobile payment app… Read More
Digital asset exchange Huobi appears to be pursuing a reverse initial public offering (IPO), according to a document shared with the Hong Kong Stock Exchange (HKEX). Hong Kong-listed electronics firm Pantronics Holdings Limited, which was acquired by Huobi in August 2018, will be changing its… Read More
AngelHub and WHub have closed on a USD $3 million led by Kharis Capital and Hong Kong Fintech Unicorn TNG Fintech Group. AngelHub and WHub were co-founded by Karena Belin and Karen Contet Farzam. Daniel Grossmann, co-founder of Kharis Capital will be joining the board… Read More
OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Wednesday it has signed a memorandum of understanding (MoU) with insurer Asuransi Sinarmas, a unit of Sinarmas. OneConnect reported that through the MoU it will enable Asuransi Sinarmas to… Read More
Chinese consumer financing platform LexinFintech announced on Wednesday it has entered into a convertible note purchase agreement with PAG issue and sell convertible notes in an aggregate principal amount of $300 million through a private placement. LexinFintech reported that the convertible notes will mature in seven… Read More
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has expanded its existing collaboration with Malaysia’s Affin Bank Berhad. Wirecard reported that through this partnership, more than 300,000 Affin Bank customers are already benefitting from an array of services such as… Read More
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
