Bitcoin L2s help crypto miners in Asia supplement income with staking
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving. Go to Source
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Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are … Read more
Taiwan establishes association to help crypto firms self regulate
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison. Go to Source
Philippines SEC begins Binance ban countdown
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they’re banned from the country. Go to Source
Singapore releases national AI strategy 2.0, plans for 15,000 AI experts
Singapore released an updated version of its national AI strategy that includes plans for boosting government competency, building a smart nation and increasing compute capacity. Go to Source
South Korean financial authorities solicit reports on unlicensed crypto exchanges
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country. Go to Source
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries. Go to Source
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and the crypto exchange operation without a national license, according to reports. Go to Source
Hong Kong securities regulator updates crypto policies, citing market developments
The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange. Go to Source
Asian and European stocks rally amid a wave of risk appetite
Asian and European stocks registered bullish surge on Tuesday owing to Fed’s hawkish outlook on interest rates. Go to Source
