Asia

Wirecard Announces Partnership With Chinese E-Commerce Platform XBN

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has formed a partnership with Chinese e-commerce platform XBN to enable digital payments outside of China. According to Wirecard, XBN is on a rapid global expansion with a trading volume of more… Read More

Korean Government Convenes Emergency Meeting to Address Stirring Crypto Markets

Stating that they plan to “closely monitor market condition(s)… (and) strictly control…illegal acts such as fraud and (multilevel marketing),” officials from the Korean Department of Justice and the Financial Supervisory Commission held an emergency meeting May 28th to “examine…virtual currency market trend(s)” in the wake of price… Read More

Monetary Authority of Singapore Does Not Want to “Legitimise” Immature Crypto Sector by Jumping to Regulate It

Citing concerns about “…anonymity, speed and cross-border nature of DPT (cryptocurrency or digital payment tokens) transactions,” the Monetary Authority of Singapore (MAS) has stated it does not want to hasten regulation of cryptocurrencies because of the potentially “legitimizing” and popularizing effect doing so could have…. Read More

Payments Provider TransferMate Receives Regulatory Approval in Singapore

TransferMate, a cross-border B2B payments providers, has secured its first regulatory approval in Asia with a payments license in Singapore. TransferMate claims to hold one of the largest portfolios of payments licenses in the world. This includes all 50 US states plus territories, to support… Read More

Blockchain Security Company CipherTrace Forms New Partnership With Rakuten Wallet For Anti-Money Laundering Compliance

Blockchain security company CipherTrace announced on Wednesday it has formed a new partnership with Rakuten Wallet, a subsidiary of Rakuten Group, a global company that operates an e-commerce site in Japan, to assure anti-money laundering (AML) compliance for the Rakuten’s highly anticipated cryptocurrency exchange. According… Read More

Crypto.com Announces Listings of Bitcoin Cash & NEO

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed NEO, as well as Bitcoin Cash (BTC) on its Wallet & Card App. According to Crypto.com, the addition of the currencies brings the total amount of the cryptos on its site to twenty-two.  NEO… Read More

United Overseas Bank Teams Up With Mastercard to Launch New Regal Business Metal Card For SMEs

United Overseas Bank (UOB) announced on Tuesday it has teamed up with Mastercard to launch its new regal business metal card specifically for small and medium-sized enterprises (SMEs). While creating the card, UOB reported that it and Mastercard conducted face-to-face interviews and surveys with senior executives… Read More

Seoul Building Data-Surveilling “Smart City” Undergirded by Blockchain, AI

Seoul’s blockchain-enthused mayor, Park Won-soon, has announced at the Korean Future Forum his administration’s plans to turn Seoul into a data-accumulating “smart city” using a network of 50 ooo censors, blockchain databases and AI (artificial intelligence), Korean media outlet Queen reports. A cadre of business,… Read More

Bitbond Security Token Offering Now Open to Asian Investors

Bitbond, one of the very first regulated security token offerings (STOs) in Europe, is now offering an STO to Asian investors. According to a release from the company, Bitbond is raising €3.5 million in an STO to continue supporting SMEs in Asia with business loans…. Read More

“CZ Binance” Files Countersuit Against Sequoia Capital

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Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

Older Woman in China Fined and Imprisoned for Stealing Electricity to Mine Bitcoins

A 61-year-old woman in China has been sentenced to 4 months in prison and fined 10 000 Yuan ($1450 USD) for allegedly “stealing the national power resources” to mine Bitcoins, Chinese news outlet The Paper reports. The Kaiping District People’s Court of Tangshan City, Hebei… Read More

China: WeiyangX Fintech Review

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More

Loatian Central Bank Reiterates Total Ban on Cryptocurrencies

The Central Bank of Laos’ Transaction System Management Department is reminding businesses and the public that the buying, selling and/or use of cryptocurrencies is banned in the country, English-language Laotian newspaper The Vientiane Times (VT) reports. The warning has reportedly been issued after the department noticed ads… Read More

InstaReM Announces New Partnership Thailand’s Banking Group KASIKORNBANK

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Wednesday it has formed a new partnership with Thailand-based banking group, KASIKORNBANK. The partnership will reportedly help InstaReM further entrench itself as a leading player in the institutional payments space. While sharing more… Read More

Alipay Teams Up With Ininal to Connect Turkish Merchants With Chinese Visitors

Alipay announced on Tuesday that fintech company ininal has become its first partner in Turkey. According to Alipay, ininal is a new-general payment platform and a subsidiary of Multinet Up. The partnership will allow Alipay to be available for Chinese mainland visitor sat bricks-and-mortar stores… Read More

Chinese Consumer Finance Platform LexinFintech Announces First Quarter 2019 Unaudited Financial Results

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

Ethis Group Comments on Receipt of Islamic Equity Crowdfunding License in Malaysia

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More

Crypto.com Announces QTUM Listing

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it has listed Qtum (QTUM) to its Wallet and Card App. The exchange reported that Qtum is the fourteenth token added to its platform and joins cryptocurrencies and stablecoins such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC),… Read More

Malaysia Updates Crowdfunding Framework, Securities Commission Malaysia Affirms its Support for Fintech

The Securities Commission Malaysia (SC) has updated crowdfunding rules to better fit the emerging market of online capital formation while announcing the approval of multiple new platforms targeting different sectors of digital finance. During a routable organized by the SC which included the participation of… Read More

Following Delay of Financial Reports to NYSE, China Rapid Finance Announces Business Operations & Board of Directors Changes

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

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