Category: Asia

Philippine Stock Exchange wants to provide crypto trading when regulators approve it

Philippine Stock Exchange wants to provide crypto trading when regulators approve it

The Philippine Stock Exchange (PSE), the national stock exchange of the Philippines, wants to provide crypto trading when regulators give the green light for it. PSE president and CEO Ramon Monzon told CNN Philippines on Friday that the exchange would be an ideal platform for crypto trading because it has both the trading infrastructure and […]

Continue Reading

Why Kazakhstan has become a top destination for Chinese bitcoin miners in search of a new home

Why Kazakhstan has become a top destination for Chinese bitcoin miners in search of a new home

Quick Take Kazakhstan’s vicinity to China, its energy surplus, and its openness to the mining industry have made it a top destination for miners moving out of China. But the journey to the old Silk Road may not be any easier than migrating across the Pacific. This feature story is available to subscribers of The […]

Continue Reading

Sotheby’s to accept crypto payments for rare diamond auction

Sotheby’s to accept crypto payments for rare diamond auction

Remember that age-old saying about diamonds being a girl’s best friend? Luxury auction house Sotheby’s might just flip that notion over its head because it’s auctioning off a 101-carat diamond to just about anybody, provided you have as much as $15 million dollars – be it in ether, bitcoin or traditional currency – to spare. […]

Continue Reading

How India’s Crypto Covid Relief Fund is cashing out amid the country’s legal roadblocks

How India’s Crypto Covid Relief Fund is cashing out amid the country’s legal roadblocks

Quick Take India’s Crypto Covid Relief Fund received over $1 billion last month from Ethereum creator Vitalik Buterin. While the fund’s value has dramatically fallen since then, it is still worth around $375 million. Here’s how the fund is cashing out since crypto remains a legal grey area in India. This feature story is available […]

Continue Reading

Indian law enforcement agency alleges crypto exchange WazirX violated FEMA rules

Indian law enforcement agency alleges crypto exchange WazirX violated FEMA rules

India’s Directorate of Enforcement — a law enforcement agency responsible for fighting financial crime in the country — has alleged that local crypto exchange WazirX violated the Foreign Exchange Management Act (FEMA) rules. The Directorate of Enforcement, known as ED in India, announced Tuesday that it has issued a show cause notice to WazirX “for […]

Continue Reading

Singapore sovereign wealth fund invests $70 million in crypto exchange OSL’s parent group

Singapore sovereign wealth fund invests $70 million in crypto exchange OSL’s parent group

GIC, the sovereign wealth fund managing Singapore’s foreign reserve, has invested HK$543.19 million (or $70 million) in Hong Kong-listed BC Group, the parent company of regulated crypto exchange OSL. The investment was made through a new stock top-up placement where BC Group issued 31,952,500 shares at a price of HK$17 per share to GIC, according […]

Continue Reading

India’s central bank still has ‘major concerns’ on crypto, says the governor

India’s central bank still has ‘major concerns’ on crypto, says the governor

The Reserve Bank of India (RBI), the country’s central bank, continues to have “major concerns” around cryptocurrencies, after giving clarity to banks last week to set aside a 2018 ban on crypto trading. “There is no change in RBI’s position,” RBI Governor Shaktikanta Das said in an online press conference on Friday. “We have major […]

Continue Reading

The challenge (and opportunity) for the bitcoin mining industry as a crackdown in China looms

The challenge (and opportunity) for the bitcoin mining industry as a crackdown in China looms

Quick Take Miners are exploring their options after China’s central government cabinet recently discussed a potential crackdown on bitcoin mining and trading. The uncertainty has created a challenge for China’s miners and an opportunity for foreign hosting facilities. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily […]

Continue Reading

Master Ventures creates $30 million VC fund to support Polkadot projects

Master Ventures creates $30 million VC fund to support Polkadot projects

Asia-based private venture capital firm Master Ventures has launched a $30 million venture capital fund to support projects trying to integrate with Polkadot as well as other early-stage ventures building on the protocol, the company announced Wednesday.  Polkadot is a single network that aims to enable multiple blockchains to work together. Each one of these […]

Continue Reading