Michael Ou, the Founder of the CoolBitX, has said that regulators in Asia are leading the way for Financial Action Task Force (FATF) travel rule, which is due to be accomplished in June 2020. It has been reported that the startup has developed a solution to the travel rule, called Sygna Bridge, which allows exchanges to communicate the identities of the senders and receivers of each transaction. However, on May 7, it has been announced that it had conducted a series of cross-

Chainalysis, the blockchain analysis company, announced an extension of its partnership with South Korean digital asset exchange, Upbit to provide support across the broader Asia Pacific (APAC) region. According to an announcement on April 23, Upbit APAC will use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences for all of its users as digital asset and cryptocurrency exchanges work to ramp up compliance procedures around the world. We are exc

DeeMoney, a Thai fintech, has deepened its integration with RippleNet, the blockchain-based financial services network, further consolidating Ripple’s presence in Asia. #Thai #fintech #DeeMoney has deepened its #integration with #blockchain-based #financial services #network #RippleNet, further consolidating #Ripple’s presence in #Asia.https://t.co/zraHf2WRFt#Rakamoto #ThursdayThoughts #Blockchain #Crypto #Bitcoin #Digital #Money #Coin — Blockchain News (@Rakamoto) March 19,

Binance with headquarters in Malta but also offices in cities across Asia, is attempting to expand its user base while staying regulatory compliant In Singapore. On Feb. 17 Bloomberg reported that the Monetary Authority of Singapore opened its doors to crypto by introducing the Payment Services Act while the crypto exchange applies license for it. Changpeng Zhao, Binance CEO, commented: “We submitted the application pretty fast. Binance’s Singapore entity has been in close to

A number of cryptocurrency-related conferences across Asia are being delayed in response to the regional coronavirus outbreak. Trent Partridge #globalcoin #facebook #crypto currency https://t.co/w0urMknHtB — Libra Coin News – Trent Partridge (@LibraCoinNews) February 7, 2020 It has been reported that TOKEN2049, a major crypto event held annually in Hong Kong, is the latest one to postpone its conference. Originally scheduled for mid-March 2020, TOKEN2049 will now instead be

Thailand’s Siam Commercial Bank (SCB) has partnered with Ripple to create a mobile app powered by blockchain to deliver instant, low-cost cross-border payments. On Jan. 8 a blog post was published from Ripple stating that the app known as SCB Easy was demoed in December during Ripple’s annual customer event, Swell. The demo reportedly demonstrated its ability to send cross-border payments in seconds. SCB’s senior vice president of commercial banking, Arthit Sriumporn, announc

Digital asset manager- IDEG is launching Asia’s first Bitcoin (BTC) trusts. On Dec. 8 the two new funds were officially announced in a press release. The two new funds are:- Asia Bitcoin Trust I Atlas Mining Trust I Coinbase Custody Will Act As Custodian For Both Trusts Coinbase Custody will act as custodian for both trusts, with Asia-based Profound Trust Company acting as trustee. The combined size of the two trusts is $200 million. The firm’s CEO Kevin Yang states: “As the

The Texas-based Multicoin Capital hired Mable Jiang, an investor of Beijing, to lead the venture firm’s hunt for new deals in Asia. 0/ Today I’m excited to share that @Mable_Jiang is joining Multicoin Capital as a Principal on the investment team based on Beijing She will be leading our efforts in China and Asia more broadly https://t.co/I4qkoNhAi4 — Kyle Samani (@KyleSamani) December 6, 2019 The company said that Multicoin started publishing research reports and announceme

Saxo Bank, the major Danish bank, has predicted that Asia will launch its own blockchain-based digital asset in its new report of smashing predictions for 2020. #currency #cryptocurrency Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset: In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset i https://t.co/71VJN8qO0S pic.twitter.com/CpvWC2u6FB — The Currency Scene (@CurrenScene) Decem

There are some major regulatory developments in the crypto space, which have developed this week. Not only Germany, who has passed a bill that allows banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. #currency #cryptocurrency Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia: Some major regulatory developments in the crypto space have transpired this w

Some of Asia’s major financial service firms have published a report that explores the feasibility of using tokenized securities as a mainstream institutional toolkit. The firms also encouraged regulatory clarity for financial products. The report was written by the Asia Securities Industry and Financial Markets Association (ASIFMA) with other authors including Citigroup Inc, Nomura Holdings Inc, Standard Chartered Plc, PriceWaterhouseCoopers, Linklaters and Norton Rose Fulbr

Bitstamp, the Luxembourg cryptocurrency exchange hires Andrew Leelarthaepin to drive the Asia-Pacific (APAC) region in terms of business development. On Nov. 13 Bitstamp announced in a press release that Leelarthaepin’s aim to join the firm is to expand Bitstamp’s services in the Asia-Pacific region “to meet the growing level of demand for the exchange’s services.” Happy to announce that Andrew Leelarthaepin is joining Bitstamp as VP of Business Development in the Asia-Pacifi

The Singapore Shipping Association (SSA), the International Chamber of Commerce (ICC) and blockchain firm Perlin are working together on an e-registry for ship registration and renewal process. E-registry on Self Executing Smart Contracts On Oct. 14. The Business Times reported that The International E-Registry of Ships (IERS) system is based on Perlin’s Wavelet, an open ledger for writing decentralized WebAssembly applications. The e-registry will run on self-executing smart

Crypto exchange Huobi and Harmony, a scalable blockchain platform partners to list Harmony’s native token while working together with a focus on the Asian markets. Harmony will be the first Binance IEO project to be launching on the Huobi exchange. Harmony’s Expansion in the Asian Market Harmony recently partnered with Samsung wallet supported health app Lympo. The health database app has a userbase of 300,000 user base in the U.S. and Korea (growing 250% month over month). H

Hong Kong based Diginex, a digital financial services startup joins Blockchain Alliance, becoming the first firm in Asia to do so. Alliances of Diginex Diginex claimed to be the “first fully diversified blockchain player on Nasdaq”. On Oct. 9 Diginex announced it is now ‘part of the public-private forum of firms and organizations promoting the secure development of blockchain.’ The company was co-founded in 2015 by the Chamber of Digital Commerce and Coin Center and led by in

Major South Korean KB Kookmin Bank is planning to integrate blockchain technology into its internal processes. On Oct 7. local news outlet Korea JoongAng Daily reported the adoption of decentralised ledger technology by the bank. Blockchain in Financial Sector KB Kookmin stated that adopting blockchain could provide many benefits to the financial sector such as issuing of digital tokens, funding, custodial services, and trading. As for the bank itself, it intends to deploy de