News
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.
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Asia News
Asia is the largest part of the world by both population and territory, and consists of 54 countries. Over 60% of the world’s population lives there. Together with Europe, Eurasia comprises the largest continent across the globe. Over recent decades, the region has become very attractive in almost every way. It has a huge number of industries in all sectors, a cheap labor force, etc., which makes local companies very attractive for investors and in turn, also helps to benefit the Asian economy. As many countries are developing or are already developed in Asia, the stock markets of this region are currently operating as fast as the American stock markets. Besides that, people receive a high-leveled education that is also available for foreigners through special programs like the Asia Society and so on.
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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.
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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.
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Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.
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The notice came more than a month after over a thousand users reported losses from the JPEX crypto exchange.
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Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev.
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The Philippines SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime.
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Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.
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Grab, Southeast Asia’s Uber-like super app, is working with the USDC issuer Circle to enable Web3 services for its 187 million users.
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Chainalysis’ upcoming Global Crypto Adoption Index indicates that the broader Asia region is driving grassroots cryptocurrency adoption.
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The crypto exchange’s focus on non-U.S. markets is part of the next phase in its expansion plans.
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Tharman Shanmugaratnam has served as Singapore’s finance minister and the head of the country’s financial regulator during his time in government.
28948 - News
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.
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CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region.
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Kapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation.
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