10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

Southeast Asian Nations Challenge Dollar Dominance with Push for Local CurrenciesThe leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. […]

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

indian rupee indiaThe government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

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Laos Licenses 2 Cryptocurrency Trading Platforms

Laos Licenses 2 Cryptocurrency Trading PlatformsThe central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer full brokerage and trading services in cryptocurrencies and other digital assets in the country. 2 Cryptocurrency Exchanges Authorized in Laos Laos’ central bank, the Bank […]

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Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

Laos to Study Digital Currency With Help From Japanese Fintech, Report RevealsThe central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race to Develop Digital […]

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Laos Authorizes Cryptocurrency Mining and Trading Activities

laosLaos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of […]

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Super Rich: Popular Thai Foreign Exchange Chain to Add Cryptocurrencies

Super Rich: Popular Thai Foreign Exchange Chain to Add CryptocurrenciesSuperrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos. Also […]

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