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Retail Asia15/10/2018

EDDITS and Touché have jointly developed a new solution that significantly simplifies in-store cryptocurrency transactions, allowing customers to make purchases and pay directly in Ether from their own Ethereum addresses in a fully decentralised way. Current in-store cryptocurrency purchases are cumbersome and costly due in part to the difficulties in accessing the buyers’ Private Key. […]

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Retail Asia26/09/2018

Visa’s blockchain-based B2B Connect project is gaining steam, with Thailand’s fourth-largest bank, Kasikornbank, joining the fold. The bank will be the first Thailand bank to use the technology, joining other well-respected financial institutions such as the U.S. Commerce Bank, Shinhan Bank in South Korea, the Union Bank of Philippines, and the United Overseas Bank in […]

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Retail Asia25/09/2018

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Country Heights Holdings Bhd (CHHB) is looking to issue its own asset-backed cryptocurrency (ABC) known as “Horse Currency” through an initial coin offering (ICO). The group told Bursa Malaysia that it will seek the support and endorsement from the shareholders at its EGM scheduled to be held on November 8. Citing blockchain technology as the […]

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Retail Asia12/07/2018

Many people have heard about the term Bitcoin floating around, but fail to understand properly what it is. This article looks at what Bitcoin is, and dissects one of the most important processes associated with this cryptocurrency – Bitcoin mining. Bitcoin – A Brief Introduction Bitcoin is a form of digital currency, or a cryptocurrency. […]

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Retail Asia27/06/2018

The central banks of Australia and New Zealand ruled out today the notion that they would issue official cryptocurrencies anytime soon, warning the potential damage to their banking systems could outweigh the benefits. Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, said that bitcoin and other cryptocurrencies had not proven their […]

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Retail Asia26/06/2018

Bithumb, one of the largest cryptocurrency exchanges in Korea, was hacked on Wednesday, causing the exchange to lose more than $30 million worth in cryptocurrencies. “We noticed that between last night and today early morning, about 35 billion won [$31.5 million] worth cryptocurrencies have been stolen,” Bithumb said through an announcement on its website on […]

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Retail Asia14/06/2018

It is illegal to use cryptocurrency in Vietnam, but that has not stopped the import of large numbers of bitcoin diggers. From the beginning of this year until June 10, 3,664 mining systems were shipped to Ho Chi Minh City, according to the municipal Customs Department. Of these, over 3,000 systems were purchased by four […]

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Retail Asia07/06/2018

Vietnam’s Finance Ministry wants a complete ban on the import of cryptocurrency mining rigs, saying many of them are being used to launch new virtual currencies and forms of payment. Such operations are very difficult to regulate, the ministry says. The proposal for a blanket ban was made on Monday, with the ministry saying that […]

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Retail Asia05/06/2018

Crypto trading venue Huobi Pro has launched what it says is the world’s first cryptocurrency exchange-traded fund (ETF) targeted at retail investors. Announced on Friday, the Singapore-based exchange’s new product — called HB10 — allows investors to purchase shares in a basket of cryptocurrencies based on the firm’s recently launched benchmark index, the Huobi 10. Investors […]

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Retail Asia24/04/2018

Malaysian low-cost airline AirAsia is launching a cryptocurrency-based rewards program. AirAsia chief executive Tony Fernandes told that its frequent-flyer rewards program is being converted into a cryptocurrency platform called BigCoin. The move is part of a broader effort to improve the airline’s digital services and move the company toward a cashless system. In the Nikkei article […]

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Retail Asia22/03/2018

Naver and Daum, Korea’s two largest search engines, will begin providing real-time cryptocurrency prices on their websites. Dunamu, an affiliate of Kakao which operates the cryptocurrency exchange Upbit, will run the service, the company said. Users can enter the name of a cryptocurrency in either search engine, and the current price will show up in […]

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Retail Asia09/03/2018

Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend their business. The Financial Services Agency may also tell Coincheck Inc – the exchange targeted by hackers in a US$530 million (RM1.96 billion) theft of digital money in January – to raise its standards, […]

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Retail Asia08/03/2018

Korea’s financial regulator said Tuesday the government will support “normal transactions” of cryptocurrencies, about three weeks after it banned their trading through anonymous bank accounts. The remarks by Choe Heung-sik, governor of the Financial Supervisory Service, were seen as being in stark contrast to the government’s previous stance that it could consider shutting down local […]

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Retail Asia06/03/2018

Daesik Kim, the founder and former CEO of Bithumb—the world’s largest cryptocurrency exchange—is returning to the payments industry as the Chief Cryptocurrency Officer of Bezant, a payment protocol and cryptocurrency for the digital entertainment and e-commerce sectors. Bezant has already raised US$6.28 million in its private token sale, and is targeting a total ICO of […]

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Retail Asia23/02/2018

The price of the leading digital currency keeps growing in value, positively influencing the entire cryptocurrency market. Bitcoin continued to move higher on Monday, after surpassing the $11,000 mark over the weekend for the first time since January. The cryptocurrency reached its highest level since last month at over $11,200 on Sunday, before falling to […]

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Retail Asia07/02/2018

The central bank of Singapore has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. “Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too […]

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Retail Asia01/02/2018

South Korea’s financial regulators set the pace for sweeping cryptocurrency regulations to curb speculative overheating and illegal activity, including banning foreigners and minors from opening new cryptocurrency accounts. Financial Services Commission Vice Chairman Kim Yong-beom announced measures to ban anonymous trading on domestic exchanges, while foreigners and minors would be completely banned from trading through cryptocurrency accounts. […]

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Retail Asia22/01/2018

China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students and vulnerable groups, the ministry said in a statement on […]

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Retail Asia22/01/2018

Thailand’s J-Ventures, a subsidiary of electronics retailer Jaymart, is to launch a cryptocurrency on Valentine’s day as means of raising US$20 million. There are no clear regulations in Thailand at this time relating to cryptocurrencies, which can be traded on the Thailand Digital Asset Exchange (TDAX) and Thailand Bitcoin Exchange (BX). J-Ventures says it will hold […]

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Retail Asia17/01/2018

This weekend the cryptocurrency markets went on contending against the setback caused by a last week’s regulatory announcement from South Korea, which turned out to be false. On January 11, Justice Minister Park stated that the ministry is working on drafting a cryptocurrency trading ban bill in order to close down cryptocurrency exchanges. Just after that the price of almost all cryptocurrencies in the […]

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