Asia

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 2, 2018 @ 8:58 am By JD Alois  |  

Securitize, a new platform facilitating security token offerings, has formed a partnership with BnkToTheFuture – an investment platform operating in Hong Kong that has hosted funding rounds for blockchain based firms such as Kraken, BitFinex, BitPay and more. BnkToTheFuture claims over $625 million in funding… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

October 31, 2018 @ 9:15 pm By Cali Haan  |  

Politicians and regulators attending a recent meeting of the Indian Financial Stability and Development Council (FSDC) were briefed  that a dedicated “High-level Committee” chaired by the country’s Secretary of Economic affairs is, “deliberat(ing)…to devise an appropriate legal framework to ban use of private cryptocurrencies in India…”… Read More

October 31, 2018 @ 12:16 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday the launch of its blockchain-based international trade finance platform, eTradeConnect, in Hong Kong. According to Ping An, the new platform is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority (HKMA). OneConnect,… Read More

October 30, 2018 @ 9:37 pm By JD Alois  |  

Ledger, a leading company providing crypto security solutions, is expanding its global presence to Hong Kong. The move is designed to boost its presence in APAC countries and “meet increasing demand” for Ledger Vault crypto self-custody solution and Ledger’s trademark hardware wallet the Ledger Nano… Read More

October 30, 2018 @ 4:26 pm By JD Alois  |  

Ping An announced Q3 earnings this week for the quarter ending on September 30th. The company reported an operating profit of the parent company of RMB 85,637 million (USD $12.3 Billion), up 19.5% year on year. Net profit attributable to shareholders of the parent company rose… Read More

October 30, 2018 @ 4:00 am By JD Alois  |  

GTR Ventures, an investment company that specializes in trade and supply chain, has announced an investment in Orbitt – an African focused Fintech deals platform. This is GTR’s first Africa focused investment. Orbitt is based in London with operations in Mauritius and a user-base across 28… Read More

October 29, 2018 @ 10:05 pm By JD Alois  |  

Financial services conglomerate Monex Group issued their quarterly earnings report today. Monex, a Japan based, publicly traded firm, owns and operates multiple Fintech platforms as well as more traditional platforms such as TradeStation in the US. In April of this year, Monex acquired Japanese crypto… Read More

October 29, 2018 @ 4:19 pm By Samantha Hurst  |  

Qtum, a blockchain application platform, announced last week it has been named Amazons web services partner in China. Qtum reported the partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization. Qtum revealed that its cryptocurrency, AMI, was listed… Read More

October 28, 2018 @ 8:49 pm By JD Alois  |  

On Friday, the Securities and Exchange Commission of Thailand issued a warning to investors pertaining to nine different initial coin offerings (ICOs) / tokens. The Thai SEC stated these offerings, which are typically promoted via social media platforms such as Facebook, have not been reviewed… Read More

October 27, 2018 @ 12:00 pm By Xu Gao  |  

Online Brokerage Futu Securities Reported to File with U.S. Regulators for IPO Bloomberg quoted people familiar with the matter that Chinese online brokerage Futu Securities had secretly submitted an IPO application in the US, and the fundraising scale could reach at least $300 million. Futu… Read More

October 26, 2018 @ 10:51 am By JD Alois  |  

There is drama today at leading Chinese peer to peer lending platform Dianrong. Dainrong was founded in 2012 by Soul Htite, a prominent Fintech executive who was the former CTO of Lending Club. In fact, the online lender has been described as the “LendingClub of China…. Read More

October 25, 2018 @ 11:16 pm By Samantha Hurst  |  

Spiking, a Hong Kong-based fintech that’s blockchain platform allows traders to find Whales (i.e. key executives behind cryptocurrency tokens, mining pools and/or large holders) and follow their cryptocurrency trades, successfully secured $30 million through its oversubscribed private token sale. Founded in 2016, Spiking stated it aims… Read More

October 25, 2018 @ 10:20 pm By Samantha Hurst  |  

Fundaztic, a Malaysia-based peer-to-peer financing startup, reportedly secured RM3 million (approximately US$722,000) in 38 minutes on crowdfunding platform, pitchIN. Nearly 65 investors invested through the round, which was launched on October 17th. Founded in 2016, Fundaztic stated it is on a mission to provide insights and knowledge on crowdfunding… Read More

October 25, 2018 @ 9:55 pm By Cali Haan  |  

Yesterday, we reported that Indian police had detained for seven days a crypto broker in Bengaluru after he installed a Bitcoin ATM at a local mall, allegedly without necessary permissions. In response to the arrest, the man’s colleague and fellow co-founder at crypto brokerage Unocoin… Read More

October 25, 2018 @ 12:26 pm By Cali Haan  |  

Japan’s Financial Services Authority (FSA), the independent regulator of the financial services sector there, is considering imposing a limit as low as 2-1 on margin trades of cryptocurrency conducted on local exchanges, Nikkei Asian Review (NAR) reports. The move is being contemplated as a measure to… Read More

October 25, 2018 @ 12:00 pm By Samantha Hurst  |  

Singapore-based ride-hailing company Grab has reportedly teamed up with financial giant Mastercard to launch its new prepaid credit cards. This news comes less than a month after Grab received its e-money license for mobile wallet service in the Philippines.  According to TechCrunch, the new deal with Mastercard will… Read More

October 25, 2018 @ 8:42 am By Erin Hobey  |  

Paytm Payments Bank has been in flux since this past summer when the Reserve Bank of India (RBI) put the kibosh on the platform’s plans to  onboard new customers; as indicated on its website: “Paytm Payments Bank Limited has been prohibited by Reserve Bank of… Read More

October 25, 2018 @ 4:22 am By JD Alois  |  

Mobile payments and loyalty platform Yoyo has secured $30 million in a partnership agreement from Twitter and Coinbase investor Hard Yaka, according to a note from the firm.  As part of the agreement, Yoyo will integrate its “omni-channel commerce API” with Hard Yaka’s global user identification platform… Read More