TSMC becomes first Asian company to reach $1T as AI demand surges
[Jul 20, 2024 10:26 AM] The company is now worth more than Broadcom and closing in on Meta.
2 / 4 Relevant items tagged with #Asia
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Bitcoin L2s help crypto miners in Asia supplement income with staking
[Jul 17, 2024 7:01 AM] Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.
Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
[Jun 27, 2024 9:11 PM] Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point…
IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency
[Jun 19, 2024 1:21 AM] Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks…
Taiwan establishes association to help crypto firms self regulate
[Jun 13, 2024 1:49 PM] The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison.
Crypto Has an Unrealized Opportunity in Asia
[Feb 13, 2024 10:46 AM]
Thailand's SEC Breaks New Ground in 2024 With Crypto-Friendly Rules
[Jan 30, 2024 10:11 AM] Thailand's SEC has updated its rules by removing retail investors' limits for asset-backed tokens, creating new rules for custodians and giving them a larger role in monitoring digital asset business.
Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum
[Jan 29, 2024 12:16 AM] The much-awaited approval of spot-bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia.
Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia
[Jan 16, 2024 5:25 AM] Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.
Philippines SEC begins Binance ban countdown
[Dec 14, 2023 3:52 AM] The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country.
Singapore releases national AI strategy 2.0, plans for 15,000 AI experts
[Dec 5, 2023 5:30 AM] Singapore released an updated version of its national AI strategy that includes plans for boosting government competency, building a smart nation and increasing compute capacity.
South Korean financial authorities solicit reports on unlicensed crypto exchanges
[Dec 4, 2023 2:38 AM] Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country.
There Is a World of Web3 Outside the U.S. and Europe
[Nov 16, 2023 10:22 AM]
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
[Nov 13, 2023 3:18 PM] U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries.
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
[Nov 7, 2023 4:55 AM] The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and crypto exchange operations without a national license, according to reports.
Hong Kong securities regulator updates crypto policies, citing market developments
[Oct 20, 2023 10:24 AM] The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange.
Asian and European stocks rally amid a wave of risk appetite
[Oct 10, 2023 9:18 AM] Asian and European stocks registered a bullish surge on Tuesday owing to the Fed’s hawkish outlook on interest rates.
Kazakh crypto miners plead with President to cut energy prices
[Oct 3, 2023 3:40 AM] Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev.
Indian state governments spur blockchain adoption in public administration
[Sep 19, 2023 7:44 AM] Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.
Grab, Uber’s Southeast Asian rival, debuts Web3 services with Circle
[Sep 14, 2023 2:04 AM] Grab, Southeast Asia’s Uber-like super app, is working with the USDC issuer Circle to enable Web3 services for its 187 million users.
Ethereum's Vitalik Buterin Sees Growing Presence of Asia Developers in Blockchain Tech
[Sep 13, 2023 10:40 AM]
Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities
[Sep 7, 2023 7:15 PM] The crypto exchange’s focus on non-U.S. markets is part of a next phase in its expansion plans, said the firm.
Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds
[Aug 21, 2023 4:00 AM] Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid…
Uzbekistan permits two banks to issue crypto cards
[Aug 16, 2023 2:13 AM] Kapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation.
Circle CEO: 70% of USDC adoption comes from outside the US
[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO
[Aug 5, 2023 7:30 PM] The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he…
Binance Japan begins launching trading services for residents
[Aug 1, 2023 10:54 AM] The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14.
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
[Jul 24, 2023 5:30 AM] Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…
Former UN Security Council President Kishore Mahbubani: ‘The American Century Is Over’
Kuwait bans crypto and virtual assets transactions
[Jul 20, 2023 1:16 AM] Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country.