Category: Asia

43% of Singaporeans own crypto, according to Independent Reserve survey

July 26, 2021

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The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. 4781 Total views 23 Total shares Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other […]

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Singapore’s biggest bank launches crypto trust solution

May 14, 2021

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After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution. 7563 Total views 38 Total shares DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryptocurrency trust solution amid growing demand for digital assets. After setting […]

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Digital Currency Group backs South Korean crypto exchange operator

May 6, 2021

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Streami, the company behind the popular GOPAX exchange, has received direct funding from Digital Currency Group. 8101 Total views 27 Total shares Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea.  Barry Silbert, founder […]

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Uzbek presidential agency proposes legalizing domestic crypto trading

April 30, 2021

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Uzbekistan wants to lift its ban on cryptocurrency purchases after barring residents from buying crypto in 2019. 12281 Total views 29 Total shares A major governmental agency in Uzbekistan seems to be rethinking its stance on cryptocurrencies. The National Agency for Project Management under the President of the Republic of Uzbekistan, or NAFT, issued an official […]

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New ASEAN blockchain consortium targets cross-border cooperation

April 23, 2021

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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness. 9847 Total views 43 Total shares Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum […]

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Charting Asia’s Dominant FinTech Frontier

December 28, 2020

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Dec 28, 2020 at 4:00 p.m. UTC Charting Asia’s Dominant FinTech Frontier Since its cypherpunk beginnings, the blockchain industry has long positioned itself as something on the fringe of mainstream. Yet, today, distributed ledger technology experiments by governments, financial institutions and global corporations and broader digital asset adoption has reached a fever pitch. Pandemic aside, […]

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Kyrgyzstan’s central bank developing draft law for cryptocurrency industry

November 16, 2020

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Solid crypto regulations would be a long time coming for Kyrgyzstan. 2512 Total views 47 Total shares The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic […]

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Fidelity Investments’ crypto arm expands custody to Asia

October 29, 2020

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Asian Bitcoin investors now have a new custody option. 6913 Total views 28 Total shares Fidelity Investments — one of the largest asset managers in the world — continues to expand its global reach in the cryptocurrency industry through its dedicated crypto subsidiary. According to an Oct. 29 Bloomberg report, Fidelity Investments’s crypto branch Fidelity […]

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Fidelity Digital Assets Expands Crypto Custody Service to Asia

October 29, 2020

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Oct 29, 2020 at 12:04 UTCUpdated Oct 29, 2020 at 15:52 UTC (Jonathan Weiss/Shutterstock) The cryptocurrency-focused arm of financial services giant Fidelity Investments is teaming with Singapore-based Stack Funds to cater to the growing demand for cryptocurrencies in Asia. A new partnership will bring Stack’s regional clients access to the secure custody services provided by […]

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