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Retail Asia19/08/2021

Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled with 42,000 respondents, according to the survey by U.S. based financial consultancy Finder. “Remittance payments may […]

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Retail Asia29/07/2021

Two Singapore startups will help the payment giant accelerate innovation around digital asset technology. Singapore-based Mintable, a non-fungible token (NFT) marketplace; and Stacs, which provides a blockchain infrastructure for the financial industry to unlock value and enable effective sustainable financing, are among of a new cohort of seven startups at Mastercard’s «Start Path» global startup engagement program. […]

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Retail Asia27/07/2021

Despite market volatility and regulatory pressures, the outlook for crypto adoption remains positive especially in Singapore where nearly half of its residents own the digital asset class, according to a survey. 43 percent of Singaporeans own cryptocurrency, according to a survey by Independent Reserve, a digital set exchange with operations in the city-state since 2020. And adoption […]

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Retail Asia26/07/2021

J.P. Morgan has reportedly allowed all of its wealth management clients to access cryptocurrencies via funds. J.P. Morgan’s wealth management clients gained access to five crypto products, effective July 19. Four of the products are from Grayscale Investments and one is from Osprey funds. According to the memo, J.P Morgan advisors will only execute unsolicited […]

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Retail Asia22/06/2021

Vietnam’s so-called mutant orchids are being turned into unique digital assets and being sold for up to thousands of dollars online. On the digital goods marketplace OpenSea.io, hundreds of items are displayed when a user types the keyword “Orchidaceae.” These items are non-fungible tokens (NFTs) which are units of data stored on a digital ledger […]

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Retail Asia07/06/2021

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 […]

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Retail Asia27/05/2021

Will you eventually be able to pay for a new Apple iPhone with Bitcoin? That is one of the conclusions that you might come to following a peak at the “Jobs at Apple” website where Apple posted a listing for a Business Development Manager for Alternative Payments. The job posting says that the Apple Wallets, Payments, […]

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Retail Asia03/05/2021

Large capacity hard drives are virtually out of stock in Vietnam because of a cryptocurrency mining craze in China. Customers and market observers say local people have been buying large-capacity hard drives in bulk and reselling them to the Chinese amidst a new mining craze for the Chia cryptocurrency in China. People who need to […]

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Retail Asia09/04/2021

Investors should exercise extreme caution when trading cryptocurrencies, senior minister Tharman Shanmugaratnam said in parliament on Monday. Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals. They are hence highly risky as investment products, and certainly not suitable for retail investors,» Shanmugaratnam, who is also the minister in charge […]

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Retail Asia22/02/2021

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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Retail Asia04/01/2021

The private sector has long driven innovation on digital currencies but as fintech’s plans became more powerful, central banks sprang to attention. Their main concern? Keeping monetary policy in their purview. The most tantalizing tales in cryptocurrencies this year weren’t written by Libra or bitcoin, but by national or supranational projects like the digital euro. While […]

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Retail Asia29/11/2020

The Libra coin may finally launch early next year, but in a slimmed-down version. Which of the original promises will be kept with such a watered-down coin? When the Libra Association first went public with its project, the coin was based on a broad basket of currencies. When governments, regulators, and central banks made abundantly […]

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Retail Asia07/11/2019

A power struggle at the world’s largest crypto mining start-up has resulted in the surprise ouster of one of its co-founders. Beijing-based Bitmain Technologies has fired co-founder and executive director Micree Zhan Ketuan, according to an internal memo sent to staff on Tuesday, which was seen by CoinDesk. His role will be taken over by Jihan Wu, […]

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Retail Asia22/10/2019

Major South Korean convenience-store chain CU is preparing to accept payments in cryptocurrency. The chain, which operates more than 13,000 outlets in the country, will use the Chai payment system to trade in Terra, a won-backed stablecoin that has garnered investment from many large Korean firms. CU parent firm BGF Retail partnered with Chai earlier […]

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Retail Asia16/09/2019

Just days after clinching a banking license in Switzerland, cryptocurrency-focused financier Sygnum will look to do the same in Singapore. Sygnum is currently pushing for a capital markets services license in Singapore to offer asset management solutions but will look to apply to become a fully-fledged bank this year. In order for us to provide […]

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Retail Asia02/09/2019

The Monetary Authority of Singapore warned the public about a website using fabricated comments from Prime Minister Lee Hsien Loong to solicit investments in bitcoin. The website not only used fabricated comments but also attempted to impersonate a news page from a local media organization, the Monetary Authority of Singapore (MAS) added. The information on […]

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Retail Asia28/06/2019

Facebook is expected to announce its digital currency at some point this month, as the social network company has found outside backers that will help strengthen the trust in its upcoming cryptocurrency. The report mentions the digital token used by Facebook will work as a borderless currency without transaction fees. Apparently, Facebook employees who work on […]

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Retail Asia19/04/2019

Online shopping website Argomall.com now takes payment in cryptocurrencies and is the first Filipino online retailer in Southeast Asia to accept Bitcoin and around 50 other cryptocurrencies as payment. In line with Argomall’s value proposition of personalized convenience, it has added cryptocurrencies, also called Altcoins, to its already wide list of payment options, which include […]

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Retail Asia22/03/2019

A team of Singaporean startup will be launching the world’s first all-in-one digital finance mobile application to help general public come onboard to the world of digital currency or better known as cryptocurrency. Started off as a media portal AsiaTokenFund, the company has launched the app called ATF to integrate its media platform with a […]

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Retail Asia20/12/2018

About 2,000 people from around the world are expected to attend the inaugural Binance Blockchain Week in Singapore on Jan. 19-22. The conference, which will take place at the Sands Expo and Convention Centre in Marina Bay Sands, is presented by Binance, the world’s leading cryptocurrency exchange. The high-profile event will serve as a platform to bring […]

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