Asia

October 27, 2019 @ 6:02 pm By Omar Faridi  |  

A new cryptography law was passed on October 26 by the Standing Committee of the 13th National People’s Congress in China. The proposed law will be effective on January 1 of next year, according to local news outlet Xinhuanet. The announcement has come shortly after… Read More

October 27, 2019 @ 11:32 am By Cali Haan  |  

A former vice mayor of the Philippine city Cagayan de Oro has been arrested for his alleged involvement in an investment scam in Cebu, and is also known for being “visible” at events hosted by another scheme called Freedom Traders Club (FTC), which sold a… Read More

October 26, 2019 @ 2:59 pm By Xu Gao  |  

China Issues New Rules Against Illegal Lending On October 21st, a new financial rule was jointly released by four ministries and commissions of China’s central government-the Supreme People’s Court, the Supreme People’s Procuratorate, the Ministry of Public Security and the Ministry of Justice. According to… Read More

October 26, 2019 @ 2:36 pm By JD Alois  |  

Indonesia is the is 16th largest economy and the 4th largest by population in the world. Both of these numbers are expected to grow in the coming years. There are around 45 million Indonesians who are considered middle class – a number that is joined… Read More

October 26, 2019 @ 1:39 pm By Cali Haan  |  

Indian Finance Minister Nirmala Sitharaman has said that despite a sense of urgency kicked up by Facebook’s proposal to create a global currency system (Libra), many countries remain cautious about “rushing into” a cryptocurrency arms race, Business Standard reports. “On our side, the Reserve Bank Governor (Shantikanta… Read More

October 25, 2019 @ 9:32 am By JD Alois  |  

China’s General Secretary Xi Jinping has commented on the importance of blockchain technology noting that China plans to lead the world in the development of blockchain including financial services and other areas. According to Xinhua, yesterday, at the 18th collective study of the Political Bureau… Read More

October 24, 2019 @ 10:43 pm By Omar Faridi  |  

New York-based Blockstack, a decentralized computing network where users control their data and login information, announced that its Stacks (STX) token has been listed on digital asset exchanges Binance and HashKey Pro. Hashkey Pro is a Hong Kong based digital asset exchange for institutional investors…. Read More

October 24, 2019 @ 8:44 am By Omar Faridi  |  

Shenzhen-based Tencent, an internet service portal that provides mobile, telecom, and online advertising services, has stated that the proposed launch of the Facebook-led Libra project could pose a threat to existing digital payment platforms. Tencent’s management noted in a recently published blockchain whitepaper that the… Read More

October 24, 2019 @ 7:32 am By JD Alois  |  

UK based digital bank Revolut has launched in Fintech-friendly Singapore, according to a company release. In 2018, Revolut set up an Asia-Pacific hub in Singapore, where the Fintech now employs twenty people. Revolut says it is planning to triple its headcount in Singapore in the… Read More

October 24, 2019 @ 1:58 am By Cali Haan  |  

Tokyo-based firm Lead Real Estate has announced plans to, “develop condominiums and hotels in Tokyo’s popular areas such as Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro by using funds raised through issuing security tokens (STOs).” The firm believes a combination of factors, including local RE investing… Read More

October 23, 2019 @ 5:14 pm By JD Alois  |  

Global Payments platform PayPal (NASDAQ:PYPL) beat on earnings today and shares in the company responded after hours jumping by over 8%. Revenue for Q3 increased by 19% to $4.38 billion as users increased by 7% during the quarter adding 9.8 million users. In total, PayPal… Read More

October 23, 2019 @ 12:36 pm By JD Alois  |  

Global investment crowdfunding platform and Israel’s leading venture investor OurCrowd has partnered with the Toyota Tsusho Corporation (Toyota Tsusho), a member of the Toyota Group, which comprises of 17 companies including Toyota Motor. The new partnership will launch a new business that will act as… Read More

October 23, 2019 @ 2:48 am By Omar Faridi  |  

Singapore is the world’s most prepared city for adopting innovative technologies such as artificial intelligence (AI) and it’s also considered a world leader in terms of smart city development, according to recent studies. Research performed by Oliver Wyman Forum ranked 105 cities throughout the world… Read More

October 21, 2019 @ 11:29 pm By JD Alois  |  

Bitcoin.com has acquired O3 Labs, according to a release. O2 is a Tokyo-based software company that “specializes in developing gateways to the digital economy.” O3 will be absorbed into Bitcoin.com, forming a single team dedicated to creating tools for the Bitcoin Cash network. Stefan Rust,… Read More

October 20, 2019 @ 7:30 pm By Omar Faridi  |  

Findora, a confidential and compliant network protocol that allows users to securely transfer financial assets, recently appointed Joon Bhang as the company’s head of North Asia operations.  Bhang will be responsible for developing relationships with large financial institutions, corporations, and government agencies as Findora continue… Read More

October 20, 2019 @ 3:04 pm By Omar Faridi  |  

The Singapore division of CIMB Bank Berhad carried out a structured trade finance transaction on a blockchain-based and internet of things (IoT) platform, developed by iTrust. The transaction reportedly involved the financing of Chinese imported dairy products and may generate yearly transaction flows of approximately… Read More

October 19, 2019 @ 7:00 pm By Xu Gao  |  

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

October 19, 2019 @ 12:17 am By Omar Faridi  |  

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

October 18, 2019 @ 11:46 am By Omar Faridi  |  

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

October 18, 2019 @ 10:29 am By Cali Haan  |  

Coindesk is reporting that Terry Gou, who founded electronics manufacturing giant Foxconn in 1976, told attendees at Taiwan’s technology association AGM in Taipei October 3rd that he thinks the country should welcome Facebook’s Libra with open arms. “I know (Facebook CEO Mark) Zuckerberg pretty well, and… Read More