Archive | Asia

South Korean Gov Check Finds Security Vulnerabilities at Crypto Exchanges

The outcome of a recent inspection of 21 domestic cryptocurrency exchanges by the South Korean government has just been released. The inspections were conducted in June and July as a follow up to previous inspections in January and March of this year. The inspections identified 17 out of 85 items as needing immediate focus, 11 of […]

JD.com Launches Blockchain-as-a-Service Platform

JD.com, China’s largest retailer, has launched a Blockchain-as-a-Service (BaaS) platform for use by businesses looking to develop blockchain solutions. The new platform will allow them to adopt DLT without having to build the technology from the ground up. As detailed in the recent press release, the JD Blockchain Open Platform enables developers to build, host and implement solutions […]

Asia and Australia: Crypto and Blockchain News Roundup, 10th to 16th August 2018

Asia and Australia Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Japan Financial watchdog publishes findings on crypto exchange inspections: Japanese financial watchdog Financial Services Agency (FSA) has recently published the results of […]

Hong Kong Unis Scoop Grant of $20 Million for Blockchain Research

Hong Kong universities are set to receive a USD 20 million grant through government funding for research and development projects in blockchain and fintech. In an effort to drive blockchain into administrative and financial sectors, Hong Kong is asking its universities to delve deep and come up with answers. The major beneficiaries of this round of […]

Indonesia Knowledge-Sharing Blockchain Hub Launches in Jakarta

The Indonesia Blockchain Hub was launched in Jakarta this week, described as a center for the sharing of industry knowledge, both locally and internationally. The centee was opened in partnership with the Indonesia Chamber of Commerce (KADIN), Indonesia Blockchain Association (ABI), BEKRAF and HARA, an agritech startup. The ABI has become instrumental in promoting blockchain […]

Unresolved Crypto Legal Cases Mount in China Due to Unclear Regulations

Courts in China are struggling to clear cases relating to cryptocurrency due to a lack of clear regulation despite the current ban. Reportedly, many of the cases which relate to crypto, which now stand at 270 at the last count, have arisen due to Bitcoin’s falling price. Coupled with contrasting interpretations of the law at […]

China Aerospace Industry Turns to Blockchain for Invoicing Issues

The Chinese State Aerospace Industry is looking to utilizing blockchain technology to update some of its electronic invoicing. According to a government announcement posted by State Administration of Science, Technology and Industry for National Defence, China Aerospace Science and Industry Corporation Ltd will be fulfilling state plans for using blockchain for invoicing for tax purposes. […]

South Korea Plans Special Crypto Zone Status for Jeju Island

The South Korean island of Jeju sees itself as a potential crypto haven and has requested that the government allows it special crypto zone status. The island’s governor made the request at a meeting with Kim Dong-yeon, Korea’s finance minister and deputy prime minister for the economy, and other government officials in an attempt to […]

India Investigates Replacing Smart Travel Cards with Crypto Tokens

The Indian government is currently in the midst of reviewing the viability of substituting smart travel cards for its own central-bank issued crypto tokens. A senior official from the country’s finance ministry and a member of the committee undertaking applicability research for the crypto token said that the committee is currently researching the use of a custom […]

10-Year Token Payment Delay Show Rare Developer Commitment

Beijing-based startup Nebulas has made the decision to postpone the initial coin offering (ICO) team’s token payments. They added an additional seven years to prove their determination for the company’s success, in a rare case of altruism for the lambasted industry. The ICO team were initially planned to be paid through reserves of the startup’s […]

China’s IT Ministry Focuses on Blockchain for Data Security

The Chinese Ministry of Industry and Information Technology (MIIT) has listed a blockchain research laboratory in its list of key labs for the year, published by the government department on Monday. The MIIT is looking to accelerate blockchain adoption by building a strong ecosystem to support a variety of industry sectors and the expansion of the […]

Bitcoin Trade Skyrockets on Turkey’s Crypto Exchanges as Lira Plummets

Cryptocurrency trading surged in Turkey on Friday with the news that the country’s struggling fiat currency lira plunged in value on the money markets. More concerns about President Recep Tayyip Erdoğan’s economic policies and Turkey’s debt level sent the lira spiralling as global markets reflected their concerns about the state of that country’s economy. This […]

Singapore VC Firm to Launch $10 Million Crypto Fund, Follows Blockchain Investment Trend

Singapore-based Venture Capital firm Golden Gate Ventures is to launch a $10 million fund targetting crypto and blockchain start-ups that use innovative DLT, in what appears to be a growing investment trend. Golden Gate Ventures will call the fund LuneX Ventures and will be funded primarily by high net worth individuals. The main focus of […]

Chinese IT Ministry Seeks “Industrial” Scale Blockchain

The Chinese Ministry of Industry and Information Technology (MIT) is reportedly looking at ways it can push forward its plans for blockchain integration into the financial sector and other industries. The MIT, established in March 2008, is the state agency responsible for regulation and development of the postal service, internet, wireless, broadcasting, communications, production of electronic […]

South Korea Plans Blockchain Youth Development Program

South Korea has announced plans to launch a blockchain-focused training initiative targeted at emerging talent from the country’s younger demographic. The young participants will benefit from a six-month blockchain and technology training course covering a variety of emerging sectors, with the primary goal being stated at decreasing youth unemployment while matching individuals with job opportunities […]