Asia Financial News

17.08 / 06:21
business Ethereum CME Asia Bitcoin CME Group to launch BTC, ETH reference rates aimed at Asia's investors
Derivatives marketplace CME Group is launching Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region, in another sign of growing institutional interest in crypto from Asia.
16.08 / 13:21
Asia Bank of America emerging markets BofA: Investors lift economic expectations for Asia despite long-term concerns over China
Longer-term pessimism for China is still intact as 84% of BofA respondents brace for a structural de-rating.
16.08 / 08:35
Binance Digital regulation Platform MasterCard Asia Uzbekistan permits two banks to issue crypto cards
Two private banks, Kapital Bank and Ravnaq Bank, got approval from the National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. They’ll issue plastic crypto cards, powered by Mastercard. 
09.08 / 19:47
business Blockchain Technology Adoption Asia Africa identity controversy Worldcoin controversy explained in latest Cointelegraph Report
Worldcoin, an ambitious but also controversial cryptocurrency project, has been making headlines since its launch last month. The project collects people’s biometric data by scanning their eyeballs via a metallic orb. Its goal is to create a proof-of-personhood system that allows it to distinguish robots from humans in the budding era of AI. 
08.08 / 16:57
Stablecoin Europe coinbase Asia FCA Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
08.08 / 09:17
Europe Asia property UK US companies bonds Profits dive 66% at abrdn investment arm as funds struggle to outperform
abrdn CEO Stephen Bird noted the overall performance of the investment arm’s funds was 'not where we want it to be' and acknowledged there remains 'meaningful work to do'.
07.08 / 13:51
Adoption Asia Central Bank Support Singapore commits $112M to support fintech solutions like Web3
The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3. 
03.08 / 10:51
Europe Asia property UK US bonds UK investors Calastone: UK investors shun stocks despite global rally
July 2023 was the 26th consecutive month of net outflows for equity funds.
01.08 / 17:23
business Binance Asia services Binance Japan begins launching trading services for residents
Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.
28.07 / 13:57
Asia Value equity Unit trusts/OEICs Harrington Cooper brings Japanese value fund to UK market
The portfolio is comprised of 30-40 holdings with a focus on the mid-cap space and has a constraint of around $600m due to opportunity set and universe liquidity.
23.07 / 06:17
Blockchain Tether Report Asia Research TRON Evidence of crypto usage by ISIS is 'mounting': TRM Labs
Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.
21.07 / 07:52
Europe Asia property UK US growth credit Global Equities Strong H1 for global equities despite 'gloomy outlook'
Despite the overall positive performance for equities, UK equities made only modest gains during the first half of the year.
20.07 / 09:07
Government regulation Ban Asia Bitcoin Virtual assets Kuwait bans crypto and virtual assets transactions
The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC).
20.07 / 06:47
Blockchain Stablecoin Adoption Asia Banks Central Bank banking Myanmar’s shadow government backs launch of crypto-based bank
Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.
18.07 / 10:51
Europe Asia South America Alternatives Blackstone Allfunds Largest alternative managers join Allfunds initiative to broaden access to private markets funds
The initiative allows participating private markets fund managers, which also include Franklin Templeton and Morgan Stanley AM, to tap into the Allfunds' distribution network.
17.07 / 11:51
Adoption Asia Philippines Blockchain Council exec sees crypto adoption ‘snowballing’
The Philippines has all the ingredients for mainstream crypto and blockchain adoption, according to Donald Lim, the founder of the Blockchain Council of the Philippines (BCP).
17.07 / 10:47
Asia pandemic growth GDP Global Chinese growth falters to 0.8% in second quarter of 2023
In the three months to June, growth still overshot expectations of 0.5%, but the country has seen a reduction from the strong recovery that was expected following its reopening last year.
10.07 / 14:45
Adoption Europe European Union Asia Regulation, User Trust, and Tech Constraints Stand in the Way of Mass Crypto (Banking) Adoption, Says Brighty’s CTO Nikolay Denisenko
In an interview with Cryptonews, Nikolay Denisenko, the co-founder and CTO of mobile digital finance Brighty app and former Lead Backend Engineer at neobank Revolut, spoke of the major challenges crypto companies face when moving into neobanking.
10.07 / 07:39
Europe Asia US hedge funds ESG surges Focus on DEI and climate change policy surges among alternative fund managers
The report found that 81% of private debt firms examined are analysing their own carbon emissions.

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