Articles filed under

Asia-Pacific

118 articles

September 2021

Ban or no ban, Indian crypto industry is thriving

India’s crypto industry will grow over 200% to reach $241M by 2030, a new study says.

China’s crypto ban: what you need to know

How is China’s latest clampdown on crypto different from its previous bans — and how do authorities plan to catch the scofflaws? Henri Arslanian of PwC breaks it down.

Crypto markets shrug off China’s latest saber-rattling

Is China’s influence over Bitcoin and the global crypto market waning? Chinese exchanges get a thrashing as decentralized exchanges get happy on clampdown news.
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What does China’s crypto ban really mean? Insights from the ground

China’s hardline stance against crypto is already rippling beyond its borders. A mainland crypto insider explains the global shakeup yet to come.

Fewer South Korean crypto exchanges remain in business under new industry regulations

Around 35 virtual asset exchanges will vanish as of midnight Friday, as the country imposes new rules designed to protect consumers.

Crypto market is shaken as China declares all crypto transactions illegal

Bitcoin and Ethereum prices fall after Beijing intensifies crackdown on crypto trading, mining.
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Digital yuan could come to overseas users to challenge dollar dominance: policy bank expert

China may be a small step closer to internationalizing the yuan, though its central bank says the e-CNY is now mostly tested for domestic use.
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South Korea’s crypto crackdown: What you need to know

The country’s crypto industry has been turned upside down with stricter operating rules that take effect tomorrow.

After Evergrande, will virtual real estate be the next alternative asset class?

The property market is increasingly expensive and out of reach for today’s younger generation. Digital land sales may hit home with some buyers.

India may not be ready to follow El Salvador’s lead, but don’t rule out cryptocurrency, finance minister says

Nirmala Sitharaman says ‘a futuristic thing can’t be shut out’ as the country considers crypto regulation, including a possible blanket ban.

Banks blocking transactions? No problem. Indians find ways to continue trading crypto

As major banks distance themselves from crypto business, alternative trading methods like peer-to-peer transfers are gaining popularity among investors

Evergrande’s uncertainty rocks crypto market

Crypto investors and industry watchers are following closely the potential collapse of Chinese property giant Evergrande.

Upbit becomes South Korea’s first newly registered crypto exchange

Upbit can operate as a virtual monopoly as it becomes the country’s first licensed business to handle cryptocurrencies.

Upbit passes Korea crypto race post; P2P transactions surge in India

Upbit passes Korea crypto race post meanwhile P2P transactions surge in India

Conflux, Shanghai Maritime partner on offshore RMB stablecoin in free trade zone

A focus of China’s free trade and shipping, Shanghai will explore in pilot project cross border trading with offshore renminbi stablecoin.

Black Friday for Korean exchanges; E-CNY launch in final stretch

Black Friday for Korean exchanges while E-CNY launch in final stretch

Black Friday in South Korea as crypto exchanges announce shutdown

All but four platforms in South Korea obligated to announce the suspension of their services by today.

India’s largest public bank bars payments to crypto exchanges

Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.

China’s e-CNY rollout enters ‘sprint stage’ for Beijing Winter Olympics

Digital yuan expected to undergo its first crucial international test despite concerns it can be used as a surveillance tool.
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Canaan reports record revenues; Korea says no to crypto tax delay

Canaan reports record revenues meanwhile Korea says no to crypto tax delay

China’s blockchain infrastructure project goes live in Hong Kong, Macau

Blockchain-based Service Network (BSN) soft launch is the first attempt to roll out the state-backed ‘internet for blockchain’ outside of the Chinese mainland.

Litecoin unloved at Walmart. Cardano’s Alonzo upgrade. China takes aim at NFTs.

Top blockchain and crypto news: Walmart dispels Litecoin hoax. Cardano’s real work begins. Beijing bears down on NFTs.

FTX hit by hack rumor; Korea updates crypto death note

FTX hit by hack rumor meanwhile Korea updates crypto death note

South Korea’s crypto ‘death note’ updated; 7 more exchanges to survive

Financial authorities reveal an updated list of virtual asset platforms that have complied with new regulations.

China’s e-CNY soft rollout continues, while Moody’s frowns at use of CBDCs in cross-border payments

A tourist spot in South China’s Hainan province to hand out digital yuan, while Shenzhen tests adoption for Hong Kong residents.

China-run media outlet criticizes NFT platform as a payment risk

In the latest response to a growing interest in non-fungible tokens, Beijing Business Today faults an art marketplace.

CrossTower says it wants to collaborate, not compete, with Indian exchanges

CrossTower became the second international crypto exchange to enter the Indian market last week after Binance made its entry by acquiring WazirX in 2019.

CoinSwitch Kuber says it’s now the largest Indian exchange with over 10 million customers

The platform reports more users than WazirX and CoinDCX, and aims to make crypto trading as easy as ordering food online.

‘Pororo the Little Penguin’ NFTs and metaverse theme park underway

The Sandbox, Animoca Brand’s subsidiary for decentralized virtual gaming, announces partnership with animation studio in Korea.

Singapore’s cult-favorite premium collectibles maker XM Studios finances expansion plans through tokenization

Design studio that makes hand-crafted statues for global brands such as Marvel, DC Comics and Hasbro plans to expand into new product categories, markets and NFTs.

South Korean exchanges facing closure may seek legal action to halt new regulations

At the risk of losing billions, crypto industry officials weigh options to oppose authorities.

Korea crypto damage assessed; Initium’s news based NFTs sell out

Korea crypto damage assessed meanwhile Initium’s news based NFTs sell out

Former Hong Kong news site issues NFTs to preserve history

Initium Media, also known as 端傳媒, is turning to blockchain technology to grow revenue and to ensure controversial news does not get forgotten — or tampered with.

South Korean crypto exchanges in ‘purgatory’ plea for survival

Smaller virtual asset exchanges ask for mercy as a deadline looms to commit to Korea’s new standards.

Bitcoin price plunges; Metaverse actions heats up in China

Bitcoin price plunges however Metaverse actions heats up in China

El Salvador’s big Bitcoin bet. Kim Kardashian, crypto flirt. Hong Kong’s crackdown warning.

Top blockchain and cryptocurrency news: El Salvador’s BTC experiment. EthereumMax and the power of celebrity. Hong Kong shores up regulatory oversight.

South Korea expected to allow more crypto exchanges to survive do-or-die regulations

Only 21 out of 60 exchanges are expected to continue their services in Korea.

Korean exchanges offered lifeline; NFL bans crypto sponsorships

Korean exchanges offered lifeline while NFL bans crypto sponsorships

The world of crypto opens up life-changing earning opportunities for Indian tweens and teens

Gajesh Naik and Laya Mathikshara, two Indian 13-year-olds, are getting global recognition — and making astronomical sums — through their ventures in crypto and NFTs.

So, no ban? India’s crypto bill will treat virtual currencies as commodities in the asset class

The veil of uncertainty that has shrouded crypto regulatory discussions seems to be lifting, but how the government will regulate and tax digital money remains to be seen.

Deadline looms for Korean exchanges; Doge meme tokenization explodes

Deadline looms for Korean exchanges as Doge meme valuation explodes

Exchanges in South Korea race toward last chance of survival

Crypto trading platforms rush to meet a Sept. 24 deadline, hoping to comply with new rules designed to protect investors.

India crypto exchanges allow bank deposits; FTT token on a roll

India crypto exchanges allow bank deposits while FTT token on a roll

FastForkast headlines

Chinese city adopts blockchain to track carbon emissions

The9 teams up with Polygon and Protocol Labs on new NFT platform, game projects

BIT Mining invests in crypto site in Ohio to expand U.S. operation

SushiSwap developer rejects claims of billion-dollar bug

Investors get ready, India crypto tax in the works

Crypto investors brush off Evergrande

After Singapore, Binance pulls back from Australia under growing regulatory pressure

Chinese rig maker Canaan to buy back shares up to $20M to bring up valuation

4 Chinese cities to compete for inclusion in e-CNY pilot programs

China’s Inner Mongolia seeks out stealth crypto mining operations

Hong Kong-based crypto lender Babel Finance expands to Singapore

NFT charity auction to benefit low-income families in Singapore

South Korea’s finance minister stands by 20% crypto income tax plan

2022 Asian Games in Hangzhou to sell torch NFTs supported by Alipay

Reserve Bank of Australia posts CBDC job position

Laos backpedals on crypto ban, looks to trading, mining pilot program

South Korean exchanges close cash-to-crypto trading services as new rules loom

China’s Hebei and Gansu provinces to phase out crypto mining

China state mouthpiece criticizes NFT mania

Miss Universe Thailand, NFTs join in world first

Hangzhou launches China’s first intellectual property blockchain certification platform

Australian banks defend decision to shun business with crypto providers

Chinese game company’s stock price soars after announcing metaverse game

Hong Kong regulator: ramp up oversight of virtual assets

A crypto trust company certified for the first time in South Korea

Digital-friendly services, products booming as China promotes e-CNY

Binance.com to cease trading in Singapore

Poolin partners with crypto trading firm Quant Satoshi to expand US business

Securities exchange ADDX inks $200M deal to bring digital assets to Chinese investors