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118 articles

March 2022

Killing it softly or regulating to innovate? India at the crypto crossroads

India’s crypto tax represents both a threat to the industry and an opportunity to create a regulatory framework to support it, says Polygon’s Jaynti Kanani.

DeFi, NFT access at stake as FATF travel rule takes effect in South Korea

Flexibility allowed in new rule requiring crypto companies to comply with anti-money laundering guidelines leads to some confusion.

Bollywood Icon’s Tax Bill; Metaverse Fashion Week Opens

Chinese telecom ZTE registers metaverse-related trademarks. Meanwhile, Bollywood star gets chased over NFT taxes.

How to protect NFT intellectual property rights explored at Australian Blockchain Week

With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

Bollywood megastar Amitabh Bachchan ponies up tax on NFT sale

Bollywood icon Amitabh Bachchan is in the crosshairs of Indian tax authorities again, this time for NFT sales.

Fusang defers IPO; Yuga Labs hits $4bn valuation

Malaysia’s Fusang defers their IPO. Meanwhile, Blockchain Week Australia looks into intellectual property rights.

Echoes of El Salvador as Malaysian minister calls for crypto adoption

Top blockchain and crypto news: Bitcoin buzz in Malaysia. Yuga Labs teases Otherside. Blockchain verdict in China.

Malaysia’s crypto proposal; Hong Kong’s 11-yr-old NFT coder

A Malaysian minister has proposed making Bitcoin a legal tender. Meanwhile in Hong Kong, an 11-year-old programmer makes his way into the NFT business.

How an 11-year-old programmer created his own NFT minter

Inspired by the success of Beeple, Miguel Wang created CryptoTigers to generate pixelated tiger images for the Year of the Tiger.

India’s crypto GST plan; Australia’s crypto reforms

South Korea prepares for the imposition of FATF travel rule heat up. Meanwhile in Australia, reforms are set to be introduced for the crypto sector.

Russian bank given crypto license: China to monitor outflows

As the conflict between Russia and Ukraine rages on and sanctions continue to mount, Russia-based bank Sberbank obtains a crypto license from the Central Bank of Russia. Meanwhile in China, social media platform Weibo allows its users to mint NFTs of their social media posts.

What US Fed’s interest rate hike means for China and its CBDC

Capital control limiting outflows may be less of an issue in the future with e-CNY being a ‘controllable currency,’ experts say.

Ukraine legalizes crypto; Korea’s crypto policy ideas

Ukrainian President signs a digital assets bill into law. Meanwhile in China, Cannan plans to buy back shares.

Indonesia’s crypto scene is booming. What are the risks?

Crypto’s growing popularity is also leading to more fraud and abuses, writes Ronald Molenaar of ADVANCE.AI. What can be done to better protect users?

Renewables uptake: Bitcoin the problem or solution?

There is more to transitioning to renewable energy than one might expect, and in Australia, one Bitcoin mining company says the industry can play a role.

China highlights crypto crimes; Kazakh miners busted

Chinese authorities cracked down on crypto related crimes on Consumer Rights Day. Meanwhile in Kazakhstan, the former President’s brother was busted for illegal crypto mining operations.

China lashes out at crypto fraud on World Consumer Rights Day

No more Burger King, Nike and Muji. This year’s annual focus on marketplace abuse names and shames crypto scams.

Singapore imposes sanctions; Bitcoin bucks market trend

Crypto exchange Binance has won a license to operate in Bahrain. Meanwhile in Southeast Asia, Singapore’s Monetary Authority has designated Russian banks amid growing sanctions.

Singapore’s crypto future; Korea “White Day” NFTs a hit

Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.

How Singapore is reimagining its ‘Asian crypto hub’ image

The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.

US bill targets e-CNY; Russian sanctions hurting public

Blockchain data analysis platform Chainalysis has launched a set of free sanction screening tools. Meanwhile, lawmakers in the US take aim at China’s digital yuan, or e-CNY, while Russian sanctions begin to highlight issues with financial sovereignty as hundreds of thousands of Russian and Ukrainian civilians are caught in the financial crossfire.

A crypto bull wins the presidency: What it means for South Korea

ICOs, revamped taxation, and investor protection reverse a past crypto reluctance under the incoming administration.

Sanctions expand for Belarus; Korea’s crypto promises

As the Russia-Ukraine conflict rages on, the European Union says that crypto is included in the sanctions against Russia and Belarus. Meanwhile, South Korean President-Elect Yoon Suk-Yeol’s term in office could bring about long awaited changes in the crypto sector.

Russia faces crypto freeze as exchanges toe line on sanctions

Top blockchain and crypto news: Moscow faces crypto winter. DeFi doyen quits Fantom. China mulls metaverse moves.

Coinbase blocks Russian addresses; Philippines plans CBDC

US crypto exchange Coinbase has blacklisted 25,000 Russian wallet address in response to the ongoing Russian-Ukraine conflict. Meanwhile in Asia, English-language newspaper South China Morning Post announces the launch of its metaverse experience.

China discusses the metaverse; Blockchain community comes together

As China’s Two Session’s meetings begin, ‘Metaverse’ enters the Chinese government’s radar. And while the invasion of Ukraine continues, Singapore announces new sanctions on Russia.

‘Metaverse’ enters government radar at China’s Two Sessions

Regulation is urgently needed to govern data security and curb speculation as the metaverse industry develops, delegates say.

FastForkast headlines

S.Korea tosses travel rule private wallet compliance to exchanges

EarnU taps Indian crypto sports enthusiasts

China takes aim at corruption in underground Bitcoin mines

Thailand bans Bitcoin and crypto payments

Chinese telecom giant ZTE snaps up metaverse-related trademarks

South Korea’s second-largest conglomerate to issue own cryptocurrency

‘We may create another kind of elite,’ Animoca chairman warns

BSN, China Mobile support local NFTs with new chain launch

More courts in China accept blockchain-stored evidence

India rules out offsetting losses against gains in new crypto tax law

Plant a tree in metaverse, and S.Korea will plant two in fire-damaged forest

FTX heads Down Under as Australia looks to crypto industry

Australia may regulate DAOs under senator’s proposed act

S. Korean exchanges set stage for Friday’s travel rule arrival

India may impose 28% GST on crypto transactions

New crypto regulation — including tax reform — coming to Australia

Weibo launches NFT marketplace, allowing users to mint posts

Shinhan Card sends all employees to metaverse training camp

Jack Dorsey’s Block funds Japanese fintech company Kyash in $41M round

S.Korean crypto industry calls for local language white papers

Canaan to buy back up to $100M shares to drive value

BSN partners with INDUSTRIA, eyes UK market

1 in 3 Filipino gamers would quit jobs to play NFT games: survey

Chinese video streamer MangoTV NFT sells out in seconds

Singapore targets designated Russian banks amid sanctions

LG first in S.Korea cosmetics industry to digitize beauty brand with NFTs

Ripple proposes S. Korea distinguish between cryptocurrencies for regulatory clarity

Japan urges crypto exchanges to comply with Russian sanctions

20,000 line up for S.Korean convenience store’s NFTs on White Day

NFTs subject to existing tax rules in Singapore, FM says

Hangzhou company claims city will likely win digital yuan pilot bid

US senators sound alarm over China’s digital yuan, Russia SWIFT sanctions

Third Chinese tech giant Baidu to open NFT marketplace

ICON surges 60% as South Korea elects new president

India’s crypto tax will incur losses for government, says WazirX CEO

Alibaba NFT marketplace suspends users for massage gun rapid clicks

Thailand eases crypto tax burden until 2023 to promote industry

China busts crypto mining rigs disguised as EV charging ports

Indians see future in crypto, government sees revenue, FM says

S.Korean presidential hopefuls campaign to avatars in the metaverse

CoinDCX chimes in on India’s growing blockchain education needs

SCMP remakes Hong Kong’s Star Ferry Pier on the metaverse

China plans crackdown on illegal fundraising in metaverse, NFTs

S.Korean presidential candidate issues over 22,000 NFTs

Singapore prohibits crypto, NFT transactions in sanctions against Russia