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Tag: Asia

South Korea May Launch Dedicated Cryptocurrency Zone for Companies

Category: Blockchain, Business, Finance, News, Regulation, Tech

South Korea May Launch Dedicated Cryptocurrency Zone for Companies

After technology parks and silicon valleys, major cities around the world are building dedicated cryptocurrency and blockchain technology zones to propel the sector’s development. The latest to join the fray is South Korea. South Korea’s Blockchain Push According to a report in local news Edaily from June 14, 2018, South Korea intends to launch a blockchain center in Busan city…

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“Cryptocurrencies Are Here to Stay,” Believes Founder of Saudi Arabian Remittance Firm

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, Finance, News, Regulation, Tech

“Cryptocurrencies Are Here to Stay,” Believes Founder of Saudi Arabian Remittance Firm

According to Abdulaziz Al Jouf, CEO of Saudi based digital payments platform PayTabs, cryptocurrencies will succeed as an asset class regardless of the worldwide concerns around their unregulated and volatile nature. Can’t Control, Will Ban Speaking to the Arabian Business, Al Jouf said that he does not see digital currencies being banned as a whole and stated that cryptocurrencies have…

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Singapore and Hong Kong Emerging as the World’s Top Crypto-Friendly Cities

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Singapore and Hong Kong Emerging as the World’s Top Crypto-Friendly Cities

After China implemented a blanket ban on cryptocurrencies in 2017, Singapore and Hong Kong have emerged as the leading business-friendly destinations for East Asian crypto companies aiming to raise funds via Initial Coin Offerings (ICOs). Singapore Becoming a ‘Hub’ For Crypto Businesses Anson Zeall, chairman of Association of Cryptocurrency Enterprises and Startups in Singapore, informs that while it may be…

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Despite Bitcoin Price Slump, Cryptocurrency Payments Steadily on the Increase in Asia

Category: Bitcoin, Business, Finance, News, Tech

Despite Bitcoin Price Slump, Cryptocurrency Payments Steadily on the Increase in Asia

Since January 2018, bitcoin and the entire altcoin markets have slumped in value under the massive weight of bear forces. So far, the world’s flagship virtual currency has dropped a substantial percentage of the gains it made in 2017, crashing from a high of $20,000 last December to a meager ~$6,500 at press time. Bitcoin Transactions on the Increase Conversely,…

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Asian Crypto Arbitrage Market Declines Amidst Market Saturation, but Profits Still Persists

Category: Altcoins, Bitcoin, Finance, News

Asian Crypto Arbitrage Market Declines Amidst Market Saturation, but Profits Still Persists

From September 2017 all the way up to the first two months of 2018, the Asian bitcoin arbitrage market was booming. With China banning ICOs and online trading platforms and South Korea initially taking a hard stance on crypto, the market had no choice but to go underground. As a result, bitcoin trading could be carried out in an environment…

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Why Europe and China are Ahead of US in Blockchain Development

Category: Blockchain, Business, Commentary, Regulation

Why Europe and China are Ahead of US in Blockchain Development

The US is falling behind China and Europe in blockchain development primarily due to the lack of regulatory frameworks. With a practical approach toward blockchain regulation, countries in Europe, as well as China, Hong Kong, and Singapore are demonstrating greater progress in blockchain implementation. According to a blockchain startup tracker developed by Outlier Ventures, the vast majority of startups in…

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South Korea Lays Foundation for Cryptocurrency Adoption

Category: Business, Finance, News, Regulation

South Korea Lays Foundation for Cryptocurrency Adoption

With the acceptance of cryptocurrency increasing daily, the next logical step is to lay down a foundation on which to utilize and build cryptocurrency services off of. This is exactly what South Korea announced October 24. “The government will push for the systematization of digital currency on a full scale in tandem with a global trend in the U.S., Japan,…

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Bill Gates Invests in Mobile Payment Network bKash; Used by 10% of Bangladeshis

Category: Business, News, Tech

Bill Gates Invests in Mobile Payment Network bKash; Used by 10% of Bangladeshis

Bill Gates, American business magnate, investor and founder of Microsoft, has officially invested in Bangladesh’s mobile service and payment solutions provider bKash. In Bangladesh, one of the world’s poorest and most severely underbanked countries, the average income is around $1,314 per year. Like many other developing countries in Southeast Asia, the majority of Bangladeshis relocate from their provinces and settle…

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Coinify Teams Up With Payssion To Further Strengthen Its Position In Asia

Category: Business, News

Coinify Teams Up With Payssion To Further Strengthen Its Position In Asia

Danish bitcoin startup Coinify has signed a partnership agreement with Hong Kong-based online payment service provider Payssion to enable the company’s merchants to accept payments in 16 different cryptocurrencies. The deal strengthens Coinify’s presence in the continent and will help “fuel digital currency adoption,” the company said in a release. “This new partnership means another building block in Coinify’s growing…

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