Tag: bitcoin

Retail Asia06/07/2021
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1min0
ZA International has established a partnership with BC Technology Group which operates the city’s only licensed digital asset platform. ZA International and BC Technology Group have entered into a mutual collaboration agreement, according to a statement. ZA will use BC Technology Group as its exclusive digital asset trading partner via its Hong Kong-licensed digital asset […]

Retail Asia01/07/2021
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The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual money from this year until 2023 as part of key objects in […]

Retail Asia24/06/2021
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3min67
Bitcoin remains the most popular cryptocurrency playing a role as an investment vehicle and also a payment medium. However, scammers are exploring the payment aspect to defraud victims resulting in losses of millions of dollars. According to data compiled by cryptocurrency trading simulator Crypto Parrot, Australians lost an equivalent of AUD 26.65 million in scams […]

Retail Asia24/06/2021
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More Chinese bitcoin miners are reportedly shifting operations to the U.S. after Beijing ramped up its crackdown against cryptocurrencies. Guangzhou-based logistics firm Fenhua International was moving bitcoin mining machines to Maryland, according to social media post, with a total weight of approximately 3,000 kilograms. This is estimated to be equal to a small batch of 200 […]

Retail Asia07/06/2021
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China’s crypto crackdown continues to ramp up as it banned several influential social media accounts focused on crypto-related content over the weekend. At least a dozen popular Weibo accounts featuring content about cryptocurrencies have been suspended or shut down over claimed violation of the Chinese social media platform’s relevant laws and regulations. This follows the […]

Retail Asia24/05/2021
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Cryptocurrency miners in China are shifting their operations to other markets abroad following Beijing’s latest crackdown. A committee from China’s State Council announced on Friday that it would crack down on crypto, specifically naming Bitcoin as a major concern. The government will crackdown on bitcoin mining and trading behavior, and resolutely prevent the transfer of […]

Retail Asia24/05/2021
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2min0
The Hong Kong government is seeking to restrict cryptocurrency access to wealthier investors amid an ongoing global crackdown by regulators. Cryptocurrency exchanges operating in Hong Kong will have to licensed by the Securities and Futures Commission (SFC) and limit access to professional investors – defined as individuals with a portfolio of HK$8 million ($1.03 million) […]

Retail Asia20/05/2021
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2min0
The People’s Bank of China repeated its warning against cryptocurrencies, saying that digital tokens could not be used as a form of payment. The country’s central bank posted a joint notice from banking and internet industry associations on its official WeChat account, warning the finance industry not to offer cryptocurrency services. Virtual currencies should not […]

Retail Asia19/05/2021
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2min0
Saxo Markets customers in Singapore will be able to trade in major cryptocurrencies as FX spot pairs. The online trading and investment platform’s new cryptocurrency offering enables customers to trade bitcoin, ethereum and litecoin against EUR, USD, and JPY from a single margin account, Saxo announced in a statement on Wednesday. Clients can trade and hedge both long and […]

Retail Asia13/05/2021
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Softbank founder Masayoshi Son spoke out about the adoption of Bitcoin, underlining that uncertainty remained for the top cryptocurrency. Softbank was the latest global firm to share its views on the popularity of Bitcoin and the potential adoption of the cryptocurrency. There’s a lot of discussion over if it’s a good thing or a bad […]

Retail Asia30/04/2021
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Nexon has joined other publicly listed companies such as Microstrategy and Tesla in holding the cryptocurrency as a hedge against inflation. The South Korean-Japanese video game publisher purchased some 1,707 bitcoin for about $100 million, equivalent to less than 2 percent of the company’s total cash and cash equivalents on hand, it said in an […]

Retail Asia21/04/2021
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Despite the growing embrace of cryptocurrencies among institutions and retail investors, HSBC is sticking to its policy of avoiding virtual currencies and stocks correlated to them. Europe’s largest bank in Europe, with total assets of $2.715 trillion, is likely to avoid Coinbase’s newly listed COIN stock because of lingering worries about crypto’s role in money laundering […]

Retail Asia05/04/2021
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2min0
Goldman Sachs is the latest to join the wave of global financial institutions seeking a share in the rapidly growing cryptocurrency market. Goldman Sachs plans to offer investments in bitcoin and other digital assets to its wealth clients, according to a report, starting from the second quarter. The planned offering could include physical bitcoin, derivatives […]

Retail Asia04/03/2021
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The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C funding round led by GIC. Joining the sovereign wealth fund […]

Retail Asia22/02/2021
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Vietnam has the second-highest rate of in terms of cryptocurrency use among 74 surveyed economies, driven by remittance payments, a new report says. The report on survey results released by Statista, a global provider of market and consumer data, says 21 percent of respondents in Vietnam said that they used or owned cryptocurrency in 2020, […]


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