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118 articles

November 2022

Can blockchain tech in green finance attract more investors and deter bad actors?

As governments look towards zero carbon emission goals, new means of creating climate-related financial products are being tested on the blockchain.

Singapore lender DBS explains its DeFi experiments, plans

DBS, the largest bank in Southeast Asia, said it tested trading of foreign exchange and government bonds using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain as part of the city-state’s Project Guardian exploration of blockchain in finance.

DBS bank says it tested blockchain DeFi protocols for forex, bond transactions 

The bank is in the center of developments shepherded by the Monetary Authority of Singapore to explore digital financial technologies emerging around blockchain.

USDC stablecoin issuer Circle wins Singapore digital payment license

The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?

Singapore’s Tokenize crypto exchange opens platform for institutional investors

Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.

FastForkast headlines

Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

NEAR sets up Web3 hub in South Korea, eyes Asia expansion

Asia’s largest metaverse Zepeto targets sex abuse, exploitation

mBridge participants to end domestic payments of foreign CBDCs

India seeks info from crypto exchanges as it mulls GST on asset class: report

S.Korea sees passing crypto investor protection as a priority: report

Bankman-Fried calls wealth-based barriers to crypto investment classist, racist

Hong Kong to boost funding, investor pool for fintech startups

November 2022

Hong Kong Rethinks Crypto

Hong Kong reconsidering crypto’s retail investor ban.

Hong Kong announces policies to win back role as digital asset hub

Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.

Web 3’s Korean future

NFTs and gaming – could it be the future of Web3?

Binance says will help Busan city grow blockchain industry from bottom up

Busan, S. Korea’s designated blockchain city, plans to make itself a global center for the technology. Binance, the world’s largest crypto exchange, plans to help.

Hong Kong set to relaunch itself as digital asset hub with revamped policies

When China banned cryptocurrency trading and mining in September 2021, it was feared that policy would make its way into Hong Kong. Seems that concern is getting a rethink.

Education is best protection measure in blockchain tech, says Binance chief CZ

Binance CEO Changpeng Zhao believes education is key to a wider, safer adoption of blockchain technology.

More than just a JPEG? Digital Art Fair Hong Kong explores NFTs for data streaming and display

Pixelated pictures and cartoonish drawings have typically dominated the world of Non-Fungible Tokens (NFTs), but some exhibits at Hong Kong’s Xperience art fair show new means of applying the technology.

Aptos debut underwhelms amid questions over design and performance

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?

S.Korea’s Shinhan Securities lays groundwork toward hoped-for crypto expansion

As a leading financial institution of South Korea, Shinhan is gearing up for business expansion into crypto — while a local ban remains on the books.

Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain

The lead counsel for the plaintiff in the case has called Friday’s ruling a decision with implications for the global blockchain industry

Scammers Paradise?

Crypto crimes are costing Hong Kong billions every year – but what’s being done about it and what can the rest of the world learn from it?

Crypto Hub Competition

Could Hong Kong make a comeback as a global center for crypto?

First Digital Trust says HK, Singapore can join hands on crypto initiatives

In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.

Why local language education holds the key to crypto’s future

The crypto sector operates mainly in English, but more than 6 billion people — many of whom crypto would benefit the most — use other languages, writes Wei Zhou of

Horizon Worlds fails to lift Meta as users stay away

Top blockchain and crypto news: Mark Zuckerberg’s empty metaverse. South Korea to roll out blockchain IDs. Macau bets on digital money.

South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

One country, two systems? Hong Kong seems set to diverge from China on digital assets

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?

India’s headache, or opportunity?

India’s crypto sector has been having a tough time – we’re taking a look on what has been happening lately.

India’s crypto taxes provide headache for many, opportunity for some

One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.

DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis

South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.

FastForkast headlines

Hong Kong to boost funding, investor pool for fintech startups

Singapore’s digital marketplace Alta buys Hg Exchange

Singapore’s DBS Bank trials use of digital SingDollar with vouchers

South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges

Hong Kong seeks to allow crypto futures ETFs

Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

Blockchain will be YouTube for finance, says CEO of South Korean blockchain firm Streami

Crypto a rising currency of choice for drug smugglers in India

Hong Kong mulls plans to legalize retail crypto trading: Bloomberg

Gaming and NFTs will drive Web3 growth: COO

A 100% reserve is a must for any stablecoin: Wemade CEO

Hong Kong crypto firm Q9 Capital gets Dubai provisional approval

Singapore floats tests for retail crypto traders, plans to regulate stablecoins

Australian 2022 budget confirms digital assets will not be taxed as foreign currency, sign on to boost Busan’s blockchain aspirations

BIS, Goldman Sachs, HKMA test tokenized green bond project Genesis 2.0

Hong Kong, BIS explore CBDC-backed stablecoins in retail prototype

South Korea’s MIR4 maker Wemade launches stablecoin

India Web3 talent driven away by lack of regulatory clarity, industry body says

Software maker Hancom raided amid suspicions over token Arowana, slush fund

Sachin Tendulkar joins NFT market Rario’s cricket legends roster

South Korea mulls uploading headshots of sex offenders on 3D metaverse

Japan eases token vetting process to expand crypto offerings: report

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business

Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks

Japanese gaming giant Konami is recruiting for expansion into Web3, metaverse

India wants global, tech-driven regulatory framework for crypto

Macau is betting on digital currency, CBDC as legal tender

North Korea’s Lazarus Group attacks Japanese crypto firms, police say

South Korea seeks software to track US$7.2B in illegal crypto

The evidence is in: Chinese courts use judicial blockchain platform to store data

India police launches blockchain-based complaint portal on Polygon to invest US$145 mln in France as base for European operations

Tianjin boosts electricity rates to further punish underground crypto mining granted in-principle approval for Singapore license

Indian investors allegedly duped in crypto cloud mining scam

Coinhako aims to grow institutional users, introduces arm for eligible clients