Tag: asia

Dec 15 2022

Hong Kong Stock Exchange’s First Bitcoin Futures ETF Receives $53 Million Initial Investment

The futures ETF will be the first of its kind available in Asia according to the asset manager, CSOP.Investors in the Hong Kong Stock Exchange will be able to trade the CSOP Bitcoin Futures ETF (3066.HK) starting December 16 according to a press release. The ETF...

Oct 31 2022

Central Banks Claim Success With Digital Currency Pilot

Oct 31 2022 Published at Coinscreed under tags  asia central bank digital currency news

According to the central banks involved, a project to test a central bank digital currency (CBDC) in four places in Asia and the Middle East has shown that they can speed up and improve cross-border payments. Project mBridge was a pilot program that included commercial and central banks from China, Hong Kong, Thailand, and the […] The post...

Oct 26 2022

58% Of HK and Singapore’s Wealthy Individuals Already Own Crypto, Study Shows

We’re so early, sure, but Singapore and Hong Kong’s high-net-worth individuals seem to be advancing at a faster pace. That’s according to “Investing in Digital Assets - Family office and high-net worth investor perspectives on digital asset allocation,” a study by KPMG and Aspen Digital. The investments are still modest percentage-wise, but the...

Sep 01 2022

Data Shows Bulk Of Bitcoin Positive Movement Happens On European Time

One thing about bitcoin that has drawn investors to it has been the fact that it does not have a closing time. Unlike the stock market, which has clearly laid out trading times and is closed on the weekend, users are free to trade bitcoin whenever they feel like it. As such, it is easy to differentiate during what times there has been...

Indonesia Prepares To Launch Crypto Stock Exchange By Q4 2022

Summary: Indonesia's deputy trade minister announced plans for a crypto stock exchange. The platform would go live before the end of 2022, minister Jerry Sambuaga told reporters. 25 crypto exchanges licensed by the country's regulator would be listed on the new crypto stock exchange. The government- owned platform would focus on investor protection as interest in cryptocurrencies skyrocketed in 2021. Total digital asset transactions...

Aug 22 2022

IMF warns about crypto-Asian equities market linkage

Aug 22 2022 Published at Coinscreed under tags  asia crypto imf news

According to the IMF, the further integration of crypto and the Asian equity markets could endanger the stability of financial systems. It makes reference to the possibility of increasing spillover between the two markets as a result of the growing volatility correlation between Bitcoin and stock. The International Monetary Fund (IMF) issued a thorough blog […] The post...

Jul 26 2022

Ripple Announces Partnership with Fomo Pay

Enterprise blockchain and crypto solutions provider, Ripple has joined hands with Fomo Pay, a leading payments institution based in Singapore. Through the collaboration, Fomo Pay is planning to utilize Ripple’s crypto-enabled enterprise technology to boost its cross-border treasury flows.Ripple’s ODL service leverages XRP to allow cost-efficient and quick settlements. Several companies around the world are using the blockchain firm’s ODL service to...

Jun 25 2022

Singapore: Is the City-State Ready to Become Asia’s Next Crypto Hub?

In a speech at the opening of the Point Zero Forum on 22 June 2022, Heng Swee Keat, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies, said that the country is keen to work with “responsible” blockchain and digital asset players for the growth of Singapore’s crypto ecosystem. The recent comments from Swee Keat have boosted optimism among the Asian crypto...

Jun 02 2022

Singapore’s Deputy Prime Minister Bearish On Crypto Following Luna’s Crash

Jun 02 2022 Published at Coingape under tags  asia crypto cryptocurrency luna crash news

Heng Swee Keat, the deputy prime minister of Singapore, who is also currently serving as the...

Mar 25 2022

30% Crypto Tax Framework Approved by Indian Parliament

India’s parliament has approved a bill that imposes fines on cryptocurrency transactions. The bill comes shortly after taxation authorities introduced a hefty 30% capital gains tax on digital asset transactions. Regulators will implement the policy from April 1, 2022. According to reports released on Friday, Indian legislators have approved a policy geared towards imposing taxation laws on cryptocurrency transactions. The bill championed by...

Mar 24 2022

Analyzing Bitcoin Price Changes Based On Regional Working Hours

The latest bitcoin upwards price momentum seems to be coming from western buyers, but persistent Asian-hours selling pressure is tempering bullishness.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Mar 22 2022

US, EU, Or Asia? Here’s Which Of These Has Dominated Bitcoin Sell-Side Recently

Latest Bitcoin data released by Glassnode sheds light on which of the three major markets (US, EU, and Asia) has been behind the recent selling pressure for the crypto. Examining 30-Day Cumulative Bitcoin Price Trend During US, EU, And Asian Trading Hours The latest weekly report from Glassnode comes with data highlighting the price change during the trading hours of the three major...

Mar 21 2022

Samsung’s Cheil Becomes First To Enter The NFT Market In Korea

Mar 21 2022 Published at Coingape under tags  asia korea news nft nft news

The South Korean Non-Fungible Token (NFT) scene is poised to see more explosive growth. Cheil Worldwide, a marketing agency under the Samsung conglomerate, has declared its intention to become the first advertising company to enter the NFT market. Samsung's Cheil Worldwide to launch an NFT marketplace South Korean news outlet, ChozunBiz, reports that the advertising...

Mar 11 2022

Singapore To Charge Income Tax On NFTs, Says Minister

Mar 11 2022 Published at Coingape under tags  asia china cryptocurrency taxes income tax news

Current income tax rules in Singapore will apply to transactions involving non-fungible tokens (NFTs), Finance Minister Lawrence Wong reportedly said on Friday. But their application will depend on the nature and use of the token. Specifically, individuals who depend on NFT transactions or trading as a source of income will be subject to deductions, The...

Mar 01 2022

Once A Promised Land For Bitcoin Miners, Kazakhstan Is Shifting The Regulatory Crosswinds

Following a ban on Bitcoin mining in China, many operations fled to neighboring Kazakhstan. Now, changing regulations raise questions about their future.Bitcoin’s hash rate is hovering around all-time highs, but many miners are still struggling to recover from regulatory changes in regions that became major hubs for the industry.During the summer of...

Asian Firm Tranglo Expands the ODL Service of Ripple

Blockchain services provider, Ripple witnessed another major jump in the expansion of its ODL services after Tranglo, one of the leading cross-border payment firms in Asia, enable Ripple’s on-deman...

Feb 18 2022

The Chainalysis Crypto Adoption Report on Central and Southern Asia

Blockchain data analytics firm Chainalysis has revealed some of the major adoption trends in its 2021 report. A major section in the report has focused on Central and Southeast Asia. It highlighted which countries in the region have made the most progress with regard to cryptocurrency adoption. The region, not including China, Japan, or South Korea, made up 14% of the global cryptocurrency...

Jan 13 2022

Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System

Jan 13 2022 Published at Coingape under tags  asia cbn central bank hong kong news

Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), is seriously mulling over how to properly regulate stablecoins. The HKMA thinks that while stablecoins still pose a risk to financial stability, they have potential to be...

Nov 03 2021

Laos Expected To Earn $190 Million From Bitcoin Mining In 2022

Nov 03 2021 Published at Bitcoin Magazine under tags  asia bitcoin mining btc business laos

The government reportedly plans on employing the new revenue stream's profits on "priority" programs.Laos is reportedly expected to earn approximately $190 million in 2022 from bitcoin mining activities in the country.The new revenue source would contribute to the $2.8 billion total domestic revenue projected for 2022, the Lao Minister of Finance said.The government reportedly plans on...

Nov 02 2021

Asia-Pacific Ranks First On Global List of Regions Interested In NFT

According to recent Google Trends data, people from the Asia-Pacific (APAC) region of the world were the most interested in the word “NFT”, over the past year. Possibly as a result of the ongoing nonfungible token (NFT) boom, people from China, Hong Kong, and Singapore had the highest number of Google searches for the keyword The post Asia-Pacific Ranks First On Global List...

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