Asia Pacific

Regulation

China Announces New Regulatory Authority to Certify Digital Payments, Blockchain Products

China’s central bank will certify a list of fintech product types that are widely used for digital payment and blockchain services with its verification system.

Policy & regulation  ·  29 October 2019
Tax

Tencent to Lead Drafting of International Blockchain-Based Invoice Standards

The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.

Policy & regulation  ·  29 October 2019
China

Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First

China's central bank could be the first to issue its own national digital currency, a former official said, while contending that Libra was doomed.

Policy & regulation  ·  28 October 2019
Regulation

Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers

Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.

Policy & regulation  ·  28 October 2019
Regulation

Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption

A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.

Policy & regulation  ·  28 October 2019
Security

From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects

As President Xi called on China to seize blockchain opportunities, industry heavyweights are already leading hundreds of enterprise projects.

Policy & regulation  ·  28 October 2019
News

Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment

Bitcoin prices surged Friday after the Chinese President said his countrymen should "seize the opportunity" afforded by blockchain technology.

Tech  ·  25 October 2019
China

President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain

In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy.

Business  ·  25 October 2019
Payments

Tencent Says Libra Would Pose Serious Threat to Alipay, WeChat Pay

Chinese internet giant and parent of WeChat, Tencent said Libra would pose serious risks to current digital payment systems in the country.

Tech  ·  24 October 2019
Regulation

Former World Gold Council Exec Develops New Bitcoin ETF

The portfolio manager behind SPDR Gold Shares is developing a bitcoin ETF, but winning SEC approval remains a holy grail in the nascent space.

Policy & regulation  ·  23 October 2019
Banking

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross-Border Payments

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.

Business  ·  18 October 2019
Europe

US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site

A U.S. federal grand jury indicted a South Korean citizen for operating a child porn site, funded by millions dollars worth of bitcoin.

Policy & regulation  ·  16 October 2019
Identity

South Korean Blockchain ID Service Raises $8 Million in Series A

Blockchain digital ID startup ICONLOOP received its first venture capital investment through an $8 million Series A round.

Policy & regulation  ·  14 October 2019
Banking

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

Chinese banking giant CCB has expanded its trade finance blockchain platform with cross-chain and inter-bank transactions.

Business  ·  11 October 2019
Crime

Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency

Singaporean citizen Ho Jun Jia has been indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies.

Policy & regulation  ·  11 October 2019