Asia Financial News

22.02 / 20:13

Adoption Ban Asia Bitcoin How are Afghans using crypto under the Taliban government?

After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift.

19.02 / 05:15

business Blockchain Social Media Asia Decentralization revolutionizes the creator’s economy, but what will it bring?

From video game enthusiasts monetizing their passions as shout casters to fashion influencers supercharging their careers into livestreamers on e-commerce platforms, the creator economy flourished, evolved and matured in the past year. Largely catalyzed by the ongoing COVID-19 pandemic, contemporary creators benefited from the gradual shift in consumer behaviors as more people came online across the globe. Now valued at over $100 billion, the creator economy is witnessing staggering growth as the worlds of e-commerce, social media and online communities converge.

18.02 / 16:37

Adoption Europe Asia Survey Financial More Investors Enter Crypto But Keep Multiple Financial Service Providers - Survey

Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests a recent report by global business intelligence firm Morning Consult.

17.02 / 17:11

Government Asia Bitcoin India’s crypto tax provides little legal clarity for traders and exchanges

Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities.

14.02 / 19:41

Government Blockchain Asia Sanctions and trade: Iran aims to develop a central bank digital currency

As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran.

12.02 / 03:23

Government Blockchain Adoption Asia Why Singapore is one of the most crypto-friendly countries

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

11.02 / 22:39

Blockchain Trading Asia Crypto exchange Gate.io enters 2022 with several major milestones already under its belt: Review

Trading cryptocurrencies is not an easy undertaking with many technical indicators, market changes, external factors and a constantly changing ecosystem in a way. So it’s no wonder many investors have trouble navigating this space. However, while strategy plays a significant role in the outcome of a trade, it is only one of the factors that lead to long-lived success.

08.02 / 09:15

Adoption Asia Kpop NFTs: Binance and YG partnership will prioritize sustainability

A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations.

06.02 / 05:23

Blockchain Adoption Asia Bitcoin All eyes on Asia — Crypto’s new chapter post-China

A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s Kimchi premium and Bitcoin (BTC) arbitrage opportunities, the region is playing a role in defining crypto’s development pathways and anchoring its future.

05.02 / 00:35

Digital Currency regulation Asia Military Myanmar’s military government considers launching digital currency: report

The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local economy.

02.02 / 15:33

regulation Asia Taxes Department Indian Crypto tax doesn't legalize trading, says Indian tax department chief

The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.

25.01 / 19:13

Mining Asia Bitcoin Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts

Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”

24.01 / 17:35

business Government Asia Bitcoin Indonesia's Crypto Industry in 2021: A Kaleidoscope

In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with 27 million users and Russia with 17 million users.

18.01 / 22:17

Government Asia Bitcoin network Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut down its internet services due to unprecedented political unrest sparked by rising fuel prices in the country.

17.01 / 13:27

regulation Asia advertisement Singapore bars crypto service providers from advertising in public spaces

The Monetary Authority of Singapore (MAS) issued a new set of guidelines for digital payment token (DPT) providers, barring them from marketing their services in public areas.

13.01 / 15:29

Government Adoption Asia Bitcoin Tonga to copy El Salvador bill making Bitcoin legal tender says former MP

Another domino is lined up to fall down the route to Bitcoinization. Yesterday, the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender.

25.12 / 18:11

Asia Nature Low Surge in COVID cases worldwide makes for another low-key Christmas

Most Christians around the world celebrated their second COVID-19 Christmas as surging infections in many countries overwhelmed hospitals, cancelled flights and curbed religious observances on Saturday.

25.12 / 14:53

Asia Thousands of flights cancelled worldwide as Omicron spread affects Christmas plans

Airlines have cancelled more than 4,500 flights during the Christmas weekend, as the Omicron variant of COVID-19 forces itinerary changes and holiday travel plans worldwide.

20.12 / 15:29

Europe Asia Bitcoin NOT Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer

The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests.

16.12 / 16:20

Adoption regulation Tether Asia Tether lauds Myanmar shadow government for making USDT an official currency

Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency.

16.12 / 13:19

Law Asia Court Bitcoin compensation Beijing court rejects monetary compensation in Bitcoin mining contract plea

A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company.

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