Asia Financial News

24.01 / 01:09

markets Stablecoin Asia Federal Reserve Bitcoin Bitcoin Price Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears' expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator.

17.01 / 23:43

markets Stablecoin Asia Bitcoin Premium Time Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months

After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META).

16.01 / 14:07

business Asia Court Bithumb ordered to pay outage damages to investors by South Korean court

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.

10.01 / 08:47

Law Ban Asia Internet Crypto Websites Nepal regulator orders ISPs to block crypto websites or face the law

Nepal’s telecommunications regulator has ordered the country's internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply.

04.01 / 22:07

Government Asia Crypto regulation world: How laws for digital assets changed in 2022

Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the crypto ecosystem was awarded countless operational licenses and exposure to new markets, the fall of Terraform Labs, FTX and Celsius, among others, had a negative impact on the industry's reputation with investors and regulators alike.

03.01 / 14:49

Asia ATM Bitcoin Australia Now Home to More Crypto ATMs Than El Salvador – How Does This Impact Adoption?

The number of crypto ATM machines in Australia has hit new highs over the past four months, surpassing El Salvador, the country where bitcoin (BTC) is legal tender. What's more, two other countries overtook El Salvador: Spain and Poland.

20.12 / 00:55

markets Bitcoin Futures Asia Bitcoin $16K retest the most likely path for Bitcoin, according to 2 derivative metrics

Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to the $18,370 peak on Dec. 14.

16.12 / 14:09

business Asia Bitcoin Amber Group raises $300M to recover from FTX contagion

Amber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company Fenbushi Capital US, the firm announced on Twitter on Dec. 15.

05.12 / 11:51

Blockchain Law Adoption Asia Pakistan launches new laws to expedite CBDC launch by 2025

Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house CBDC by 2025.

03.12 / 15:21

business Blockchain Asia Power services Avalanche to power Alibaba Cloud's infrastructure services in Asia

Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives.

25.11 / 11:21

Government regulation Asia Bitcoin Crypto licenses Uzbekistan issues first crypto licenses to two local ‘crypto stores’

As Uzbekistan prepares to adopt a new cryptocurrency framework in 2023, the Uzbek regulators have started issuing regulatory approvals to local crypto service providers.

17.11 / 18:19

Law Adoption Asia Could Hong Kong really become China’s proxy in crypto?

With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and an openly pro-business government strategy. Could the harbor, home to seven million inhabitants, inherit this role in relation to the crypto industry, becoming a proxy for mainland China’s experiments with crypto?

02.11 / 07:17

Government Asia Singapore bank DBS uses DeFi to trade FX and state securities

DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank.

27.10 / 13:13

Blockchain Adoption Binance Asia Kazakhstan to build central bank digital currency on BNB Chain

In an announcement on Twitter, Changpeng Zhao, the founder and CEO of Binance, said the network will be a major component of Kazakhstan’s latest Web3 endeavor.

25.10 / 17:07

Ethereum Stablecoin Asia Bitcoin KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto

“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.

23.10 / 13:33

Asia Bitcoin Destinations Kazakhstan among top 3 Bitcoin mining destinations after US and China

For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin (BTC) mining after surpassing Russia back in February 2021.

21.10 / 16:33

Law Drugs education Asia Training Uzbeki police get 'how to seize crypto' training from UN security org

The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan's police and prosecution forces. The course is a part of OSCE’s consistent efforts to educate Central Asian law enforcers on the emerging technologies that criminals might abuse in a strategically important region for the global drug trade.

20.10 / 11:23

Europe Asia Bitcoin Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch

Some cryptocurrency exchanges continue onboarding Russian nationals despite the latest Western sanctions against Russia, but not without certain restrictions.

19.10 / 15:09

business Law Asia Japanese regulators loosen crypto laws and make it easier to list coins

The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country.

14.10 / 09:37

Adoption Digital Currency Asia China floats idea of 'Asian yuan' to reduce reliance on US dollar

Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim to reduce its reliance on a United States dollar-based economy.

06.10 / 14:29

Government Blockchain Binance Asia services Kazakhstan grants Binance permanent license to offer digital asset services

After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate in the country.

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