United Overseas Bank, Singapore’s third-largest bank by total assets, appears to be developing a crypto custody solution. The bank has opened up a position for “VP — Crypto Security Administrator” to get expert advice on how to design a secure solution for “managing crypto keys.” The job includes managing the installation of a hardware security […]
The South Korean congress is reportedly proposing to delay the commencement of a crypto income tax rule by three months to January 2022. According to a report from South Korean media The Dong-a Ilbo on Wednesday, the National Assembly’s planning and finance committee has recently issued a report suggesting it’s necessary to consider implementing the […]
Decentralized insurance protocol InsurAce has raised $1 million in a seed funding round. The firm said in an announcement Tuesday that the round was led by DeFiance Capital, a crypto fund that’s focused on the decentralized finance space. Other investors that participated in the round include ParaFi Capital, Huobi DeFiLabs, Hashed, Signum Capital and Lunex […]
Quick Take Japan continues to build its regulatory framework for digital assets. After difficult years due to heavy-handed regulation in light of several hacks, Japanese cryptocurrency businesses might finally be able to expand at home and abroad. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research […]
More than 30 major Japanese firms, including banks, are set to trial a common, private digital currency next year to improve payments. Japanese crypto exchange DeCurret, a member of the group, announced the news on Thursday. Other members of the initiative include the top three Japanese banks — MUFG, Sumitomo Mitsui, and Mizuho — as […]
Quick Take Singapore continues to build its regulatory framework for digital assets. Regulatory uncertainty and overregulation in some aspects may turn away potential businesses. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.
Quick Take Crypto trading firm B2C2 is looking to spur the adoption of bitcoin by some of the largest conglomerates in Japan. The firm thinks it can convince the country’s trading houses to allocate a portion of their balance sheets to bitcoin. This feature story is available to subscribers of The Block Daily. You can […]
Quick Take Will China’s central bank digital currency compete with AliPay and WeChat Pay? How will China’s central bank use the digital currency’s smart contract capabilities? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.
Crypto custody provider Fidelity Digital Assets is offering its technology to a Singapore-based startup as part of a new offering catering to wealthy investors in Asia, according to a Bloomberg report. As part of the arrangement, Stack Funds will leverage Fidelity’s platform to custody digital assets on behalf of “Asia’s high-net-worth investors.” Stack Funds, for […]
The National Bank of Cambodia has officially launched a new payment system based on distributed ledger technology (DLT), according to Reuters. The bank developed the system, which is based on Hyperledger Iroha, along with Japan-based blockchain firm Soramitsu as part of an initiative called Project Bakong. At a conference earlier this year, Chea Serey, director-general […]