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Regulation
China has yet again reiterated its determination to crack down on the cryptocurrency mining sector and revealed today that authorities will focus on state-owned entities engaging in virtual currency mining. Fast facts Wei Meng, a spokesperson of the National Development and Reform Commission (NDRC), the country’s top economic planner, said at a press briefing today […]
Timmy Shen
Regulation
As Circle expands into Asia as part of a global expansion plan, what does the investment in a yen-back stablecoin mean for the market?
Lachlan Keller
Regulation
Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.
Timmy Shen
Regulation
While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.
Monika Ghosh
Regulation
LuLu Exchange, a financial services company in the United Arab Emirates (UAE), and Pakistan’s Bank Alfalah are partnering to bring faster and more cost-effective cross-border payments and remittances from the UAE to Pakistan using RippleNet. Fast facts Bank Alfalah’s integration with RippleNet — Ripple’s global payments network for financial institutions — and its launch with […]
Michelle Lim
Regulation
A recent survey in South Korea revealed a majority of its wealthier investors are not willing to make investments in virtual assets, due to concerns over experiencing losses. Fast facts KB Financial Group’s Korea Wealth Report 2021 surveyed 400 South Korean citizens with over 1 billion Korean won, or about US$847,816 in financial assets. Out […]
Danny Park
Regulation
As crypto projects are relocating from China to friendlier shores, it represents ‘huge opportunity’ for Taiwan.
Timmy Shen
Regulation
As central bank digital currencies begin picking up steam around the world, the Central Bank of Nigeria announced on Friday the digital wallet for its own digital currency, the eNaira, has been downloaded 488,000 times in 160 countries — in just 19 days after its launch. Fast facts According to local news reports, after President […]
Lachlan Keller
Regulation
A former Chinese official has been expelled from the Communist Party of China for “serious violations of discipline and law” as he was found to introduce and support cryptocurrency mining activities, in what may be the first time for China’s anti-graft watchdog to expel an official over crypto mining. Fast facts The country’s anti-corruption watchdog […]
Timmy Shen
Regulation
The SEC rejected a Bitcoin spot ETF, citing the possibility of fraud, which briefly sent BTC prices down.
Jeanhee Kim
