Posts Tagged ‘Asia’

Japan Could Have More Than 3 Million Crypto Traders

Japan’s Financial Services Agency has released domestic cryptocurrency trading statistics for the first time. According to data gathered from 17 cryptocurrency exchanges in Japan, as of March 31 this year, the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets. Read more

South Korean cryptocurrency executives detained

South Korean prosecutors have detained Kim Ik-hwan, chief executive of Coinnest, South Korea’s fifth-largest cryptocurrency exchange, and the head of another cryptocurrency exchange, along with two other executives at the exchanges for alleged embezzlement and fraud. Prosecutors raided three exchange operators including Coinnest last month and seized their books. They allege that the four executives […]

India Bans Banks from Processing Cryptocurrency Purchases

Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the Reserve Bank of India (RBI). The sweeping policy prohibits RBI-regulated institutions from allowing their customers to purchases cryptocurrencies, and it also bars banks from providing services to businesses dealing with or settling virtual currencies. The RBI statement acknowledges that blockchain […]

Japan-based blockchain startup begins token sale after raising $15m in private funding

Following a successful funding round, Japanese influencer platform Patron has begun its public token generation event, which will run for a month until April 26th 2018. Patron intends to connect brands with influencers via their platform in a safe and organised way, to help Japanese influencers gain exposure and secure brand deals and grow their businesses. Read more

AirAsia, Southeast Asia’s low-cost airline, is considering an ICO

AirAsia, the low-cost airline in Southeast Asia, is considering an ICO as part of a push into financial services. The company is analyzing the potential to hold an ICO that would raise money by introducing its own cryptocurrency. According to AirAsia CEO Tony Fernandes, the company has a product that can be a currency in Big Loyalty, they […]

Fintech Chat App Consentium Secures $10 Million Through ICO Sale & Launches in Asia

Consentium, a Singapore-based multi-digital currency and group monetization chat application, announced this week it has secured $10 million from its private ICO sale, which was launched on 25 January. The company reported that the funding will be used to drive expansion across Asia, including priority markets: Singapore, China in Phase 1, and Japan and South […]