South Korea’s political parties are pledging crypto-related incentives to attract voters ahead of parliamentary elections.
Asia News
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For years, Bitcoin tended to dip during Asia trading hours, but something changed after spot Bitcoin ETFs were launched.
7140The world’s leading AI semiconductor chipmaker, Nvidia, has teamed up with the Indonesian government and telecom provider Indosat to create a multimillion-dollar AI center in the country.
2197According to Visa, its tokens brought an “uplift” of more than $2 billion to the Asia-Pacific market in 2023.
2614BlockShow X BlockDown Asia 2024 and Cointelegraph Accelerator are set to host Startup Connect in Hong Kong, offering a platform for Web3 and crypto startups to engage with leading venture capitalists.
1509Join the Hackathon co-organized with Epic Web3 in Hong Kong on May 8-9, 2024, as part of the BlockShow x BlockDown Festival, co-organized by Cointelegraph and EAK Digital.
1676A deep-rooted distrust toward banks in many developed countries subsists, so crypto and fintech firms will first need to regain their trust.
5852The region has ambitions to become a global tech hub with a focus on crypto, blockchain and AI, as highlighted by Nathan Kim, marketing director at Unopnd.
3531South Korea's young people are known as the "N-Po generation" — a phrase that suggests they were abandoned. But they've found new hope in cryptocurrency.
1884The FIU has been actively encouraging crypto exchanges to report any transactions that raise suspicions of money laundering and illegal “foreign exchange outflow.”
1848The government-led AI Singapore aims to scale its AI models for commercial use by 2024, particularly focusing on Southeast Asia, with SEA-LION catering to local languages.
5381The country’s central bank will focus on a wholesale CBDC, which will be mediated by banks.
5270The proposed amendment to South Korea’s virtual asset service provider reporting requirements is expected to go into effect by the end of March 2024.
4633According to a Kyros Ventures report, 33.3% of Chinese investors hold a large number of stablecoins, ranking them second only to Vietnam’s 58.6%, indicating a higher level of risk appetite.
7291The UN “completely neglects” developing economies using stablecoins like USDT because servicing them would be “unprofitable” for the agency, Tether argued.
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