Asia

September 8, 2018 @ 3:00 pm By Xu Gao  |  

The PBOC Sets Up a Financial Technology Company in Shenzhen On September 5th, the Digital Money Research Institute of People’s Bank of China established “Shenzhen Financial Technology Co., Ltd.” in Shenzhen. People familiar with the project said the company was involved in the development of… Read More

September 8, 2018 @ 12:29 pm By JD Alois  |  

TransferTo, a cross-border mobile payments network that topped $800 million in the first six months of this year, has invested in blockchain firm OXIO. According to a release, OXIO operates a mobile internet exchange and uses blockchain technologies to power fast and affordable mobile internet access… Read More

September 7, 2018 @ 8:42 pm By Cali Haan  |  

China’s Supreme People’s Court has stated that it will recognize evidence submitted for cases tried in the country’s new online court system if that evidence has been provably and securely logged on some type of secure distributed database (blockchain or DLT). The Chinese legal system… Read More

September 7, 2018 @ 12:10 pm By Samantha Hurst  |  

Huobi Group, a digital asset marketplace, announced on Friday it is planning to expand into Indonesia with its exchange, which will list 123 tokens and incorporate a two-factor authentication (2FA) to secure each digital asset. According to Huobi, the Indonesian digital currency exchange will be built on Huobi Cloud platform and will cover… Read More

September 6, 2018 @ 1:50 pm By Cali Haan  |  

The Municipal Justice Bureau of Zhongshan has launched a blockchain-based, “community correction and supervision system,” to track the movements of, “community prisoners at any time and any place,” Zhongshan Daily reports. The new system of “smart (and) mutual supervision” will reportedly settle data about parolees whereabouts… Read More

September 6, 2018 @ 6:27 am By Erin Hobey  |  

RocketShoes has made a timely back-to-school announcement that its app will utilize blockchain and distributed ledger technology extension ProximaX to power its advanced education platform, a collaboration which seeks to confirm the relevance of ProximaX’s blockchain technology serving industries beyond fintech. “We’re working with leading… Read More

September 5, 2018 @ 10:04 pm By Cali Haan  |  

The Central Bank of Samoa (CBS) has issued a press release warning the public that cryptocurrencies like Bitcoin have no legal status as currencies in that country and should be considered, “very risky and speculative in nature.” According to the CBS: “People who invest in… Read More

September 5, 2018 @ 11:32 am By Cali Haan  |  

Philippine SEC Commissioner Ephyro Luis Amatong has stated that regulators expect to release draft rules governing cryptocurrency exchanges by the end of this week, Manila Times reports. “We see the need to regulate them as trading platforms,” he said. As part of the rule-determination process,… Read More

September 5, 2018 @ 9:35 am By Cali Haan  |  

Officials from The   (BOL) have urged Laotians to  “think carefully” before investing in cryptocurrencies in Laos’s unregulated markets, Vientiane Times (VT) reports. BOT officials were reportedly moved to issue the notice after seeing local advertisements soliciting citizens to buy, sell and use cryptocurrencies.. An official who spoke… Read More

September 5, 2018 @ 7:21 am By JD Alois  |  

Following a notice from Securities Commission Malaysia last week that LavidaCoin may be in breach of securities law, the Commission has issued a notice for LavidaCoin to immediately halt the initial coin offering (ICO). Securities Commission Malaysia stated the promoter must cease all activities regarding… Read More

September 4, 2018 @ 2:26 pm By Samantha Hurst  |  

Huobi Group, a digital asset marketplace, announced last week the eight members of the Huobi Chain Expert Advisory Committee. According to Huobi, the  Huobi Chain expert advisory board will act as a “think tank” with each advisor having experience in academics, investment, and industry. The committee will also offer professional advice and support during the… Read More

September 4, 2018 @ 8:36 am By JD Alois  |  

LendInvest, a leading online property finance platform, reports it has secured £150 million of “initial funding” in a new joint venture with Nomura, a global investment bank,  and Magnetar, an alternative investment manager. This new capital infusion now places LendInvest’s total capital for lending at… Read More

September 4, 2018 @ 7:41 am By Erin Hobey  |  

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

September 4, 2018 @ 1:12 am By Cali Haan  |  

The Secretary of Thailand’s Anti-Money Laundering Office (AMLO), Witthaya Neetitham told attendees at a cryptocurrency and crime seminar this week, “We have discussed launching our own ‘AMLO Wallet’ to hold or confiscate digital currency from illegal sources,” Thai news agency The Nation reports. Thailand presently lacks… Read More

September 3, 2018 @ 6:58 am By JD Alois  |  

NEGTEC, the creator of the Sakura Bloom project and issuers of the Sakura Bloom Coin (SKB), has announced the launch of a donation site “Dream-Kicker.” The new site will use SKB to help promote “the introduction of cutting-edge regenerative medicine and medical equipment to hospitals,”… Read More

September 2, 2018 @ 10:56 am By Xu Gao  |  

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

September 2, 2018 @ 9:07 am By Samantha Hurst  |  

Japanese social media network LINE announced on Friday the launch of its first digital token, LINK, and its first blockchain network, LINK Chain. According to LINE, both token and network were built independently by the social platform and LINK Chain is described as a service-oriented blockchain… Read More

September 1, 2018 @ 1:22 pm By Cali Haan  |  

Japan’s banking, securities and insurance regulator, the Financial Services Agency (FSA), has told Bitcoin.com that around 160 companies have applied to open cryptocurrency exchanges in the country: “Including preliminary consultation/inquiries regarding registration, around 160 operators are expressing their intention of market entry.” The applications appear to… Read More

August 31, 2018 @ 10:26 am By JD Alois  |  

The Reserve Bank of India (RBI) published its annual report this week and buried within the massive tome are many indications as to the banks perspective on Fintech. One item of note is the fact the RBI is currently studying the possibility of issuing a… Read More

August 31, 2018 @ 10:00 am By Samantha Hurst  |  

Thailand commercial bank Bangkok Bank announced this week it is now inviting startups from around the globe to participate in the second season of its InnoHub Fintech Accelerator program from now until October 7th. According to Bangkok Bank, the Bangkok Bank InnoHub Session 2 is… Read More