Asia Pacific

China

Central Banks, Stablecoins and the Looming War of Currencies

A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.

Tech  ·  20 August 2019
China

China’s Central Bank ‘Close’ to Launching Official Digital Currency

An official at China's central bank has said the institution is nearing the launch of its national digital currency.

Policy & regulation  ·  12 August 2019
Exchanges

SBI Crypto Exchange Adopts Tech to Help Meet FATF Standards

VC Trade, the crypto exchange launched by SBI Holdings, is integrating a new wallet solution to help it comply with international KYC standards.

Policy & regulation  ·  8 August 2019
Exchanges

South Korean Watchdog Plans Direct Supervision of Crypto Exchanges

A South Korean financial watchdog under the Financial Services Commission aims to more closely supervise exchanges in line with FATF standards.

Policy & regulation  ·  7 August 2019
Hacking

North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs

North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report.

Policy & regulation  ·  6 August 2019
Regulation

Thailand to Bring Cryptocurrency Under Anti-Money Laundering Rules

Thailand's anti-money laundering regulator is planning to amend the country's laws to mandate reporting by cryptocurrency exchanges.

Policy & regulation  ·  5 August 2019
Regulation

Cryptocurrency in China: Over the Counter, Under the Table

Primitive Ventures partner Dovey Wan breaks down the crypto situation as it stands in China today.

Policy & regulation  ·  5 August 2019
Exchanges

Circle Moves Exchange Operations Offshore With New Bermuda Office

Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S.

Policy & regulation  ·  22 July 2019
Crime

South Korea Estimates 2-Year Losses From Crypto Crimes at $2.3 Billion

Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks.

Policy & regulation  ·  22 July 2019
Japan

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Policy & regulation  ·  15 July 2019
Exchanges

Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing

After a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it's discovered that another $2.3 million is missing. 

Policy & regulation  ·  15 July 2019
Regulation

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.

Policy & regulation  ·  11 July 2019
Regulation

Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

Policy & regulation  ·  10 July 2019
China

Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official

China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.

Policy & regulation  ·  8 July 2019
Regulation

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

Policy & regulation  ·  8 July 2019