#Asia

Asian Family Office Set to Launch Cryptocurrency Custodial Services in Hong Kong

July 23, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Exchange, Investment, News

Fusang Investment Office, a top Asian asset management firm based out of Hong Kong, has its intentions set to launch a crypto-custody service named Fusang Vault in the 4th quarter of the year, as reported by South China Morning Post on July 23, 2018. The asset managing firm specializes in...

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

South Korea May Launch Dedicated Cryptocurrency Zone for Companies

June 17, 2018 by Shaurya Malwa at Blockchain, Business, Finance, News, Regulation, Tech

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...

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

June 10, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Blockchain, Business, Commentary, Finance, News, Regulation, Tech

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...

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

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

April 24, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Business, Finance, News, Regulation

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...

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

April 10, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News, Tech

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...

CME Proposes Limits To Temper Bitcoin's Volatility

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

April 3, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News

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...

Why Europe and China are Ahead of US in Blockchain Development

April 21, 2017 by Joseph Young at Blockchain, Business, Commentary, Regulation

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...

South Korea Lays Foundation for Cryptocurrency Adoption

October 31, 2016 by Nigel Dollentas at Business, Finance, News, Regulation

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...

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

January 20, 2016 by Joseph Young at Business, News, Tech

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,...

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

December 11, 2015 by Diana Ngo at Business, News

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....

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