Category: Other Regions

Russian Economic Minister Says BTC Is ‘Soap Bubble’ But Lauds Crypto’s Influence on Tech

The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has led to investors’ losses, Russian informational agency RBK reported Nov. 28.

Manila Residents Paid in Ethereum For Cleaning Up Philippines’ Polluted Beaches

A decentralized application (dApp) based on the Ethereum (ETH) network will begin rewarding residents of Manila, the Philippines, with ETH for cleaning up a heavily polluted beach in the capital city of the nation.

Malaysia’s Finance Minister: Crypto Regulation to be Enforced in Q1 2019

Malaysian Finance Minister Lim Guan Eng has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges and ICOs will come into effect in Q1 2019.

Malaysia Plans to Enact Crypto Regulation in Q1 2019, Finance Minister Reports

Malaysia will enact regulations for cryptocurrency and Initial Coin Offerings (ICO) in Q1 2019, local English-language news media outlet The Star reported Nov. 28.

Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets.

Hong Kong’s 2nd Largest Terminal Operator Adopts Blockchain to Document Logistics Data

Modern Terminals, the second largest container terminal operator in Hong Kong, has joined the TradeLens project, a blockchain-enabled technological solution developed by Maersk and IBM.

Malaysia’s Finance Minister Says Crypto Issuance Must Defer to Central Bank

Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM). The minister’s comments were reported by local English-language daily broadsheet the New Straits Times (NST) Nov. 26. The finance minister outlined his stance in response to a question from parliamentary member Dr ...

Thailand Proves Crypto Can Win Adoption Even in Military Dictatorships

Since May 2014, Thailand has been under the control of a military dictatorship. And given that the coup, led by the Royal Thai Armed Forces, brought internet censorship, a suspension of the Kingdom's constitution, and a disbanding of its senate, casual observers would be forgiven for supposing that the Southeast Asian country is now possibly one of the least favorable places on Earth for the use and development of technological innovations.

Saudi Arabia is Planning to Launch its Own Cryptocurrency Next Year

The Kingdom of Saudi Arabia is reportedly planning to launch its own digital currency next year, according to Mohsen Al Zahrani, the Innovation Center (SPARC) director at Saudi Arabia’s Monetary Authority (SAMA), the country’s financial regulator.

North Korea to Host Another Blockchain and Cryptocurrency Conference

In a bid to showcase some of its technological advancement and show its support for the blockchain technology, North Korea has announced plans to hold a blockchain and cryptocurrency conference. This comes on the heels of a similar conference held in August.

Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around.

Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud

The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country.