Beijing court rejects monetary compensation in Bitcoin mining contract plea
The plaintiff in the case demanded 217.7 BTC in compensation for his Bitcoin mining infrastructure investment. Go to Source Powered by WPeMatico
Asia
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Myanmar shadow government declares stablecoin USDT an official currency
The NUG finance minister said Tether use would enhance trade speed and payment efficiency. Go to Source Powered by WPeMatico
Binance reportedly in talks to launch crypto exchange in Indonesia
Binance is reportedly in talks with the richest family in Indonesia regarding a new crypto venture. Go to Source Powered by WPeMatico
Indian trade group recommends ‘special class security’ status for crypto
The Confederation of Indian Industries has proposed new regulations around the nascent crypto market. Go to Source Powered by WPeMatico
Smart crypto policy could keep India’s tech dominance on top
Experts are fairly confident that the Indian government will most likely choose to regulate rather than ban its thriving crypto economy. Go to Source Powered by WPeMatico
Southeast Asian financial institutions turn to the Ethereum blockchain
Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations? Go to Source Powered by WPeMatico
Circle to invest in Japanese yen stablecoin as part of expansion to Asia
Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts. Go to Source Powered by WPeMatico
Laotian govt budget expected to gain $194M from crypto miners by 2022
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic. Go to Source Powered by WPeMatico
Asia-Pacific leads the world in NFT searches on Google
Google searches for “NFT” again overtook “cryptocurrency” queries in September after a significant spike in March. Go to Source Powered by WPeMatico
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico