Cryptocurrencies

The chief executive will be replaced by John J. Ray III.
Cryptocurrencies

Sam Bankman-Fried's $32bn FTX crypto empire files for bankruptcy

Collapse comes after the digital assets group failed to meet surge in customer withdrawals

12 November 2022
Trading in bitcoin and other digital assets has been tightly controlled in Hong Kong.
Cryptocurrencies

Hong Kong eyes looser crypto rules in digital-asset hub bid

Allowing retail trade in cryptocurrencies is among relaxation proposals

31 October 2022
The Monetary Authority of Singapore is moving beyond the scrutinizing of crypto companies to limiting the ways retail investors can partake in trading.
Cryptocurrencies

Singapore proposes ban on crypto credit to rein in token trading

Financial regulator issues framework to tighten digital assets oversight

26 October 2022
Central banks across Asia and beyond are exploring digital versions of fiat currencies. (Source photo by AP) 
Cryptocurrencies

Asian central banks trial cross-border digital currency platform

BIS hails 'successful' test of blockchain-based technology

26 October 2022
China remains East Asia's largest cryptocurrency market (Source photo by Reuters) 
Cryptocurrencies

Chinese crypto activity slows but not dead despite ban

Government curbs seen as 'ineffective or loosely enforced'

20 October 2022
India's central bank says a digital currency will bring advantages such as cutting the cost of cash management for the country. (Source photo by AP) 
Markets

Let's get digital: India edges toward 'e-rupee'

RBI plans pilot testing, but analysts say uptake could be slow

19 October 2022
Beeple's digital artwork, "Everydays: The First 5000 Days," here in the background, last year sold for $69.3 million at auction. 
Opinion

NFT games will fail in Asia unless the fun comes first

Focus on moneymaking has led to disappointment and losses

13 October 2022
Murasaki's play-to-earn game Cyberstella. (Screenshot from Murasaki's Twitter feed)
Opinion

Why I had to leave Japan to launch my gaming company

Regulators and tax rules are fueling a new brain drain

4 October 2022
The Japanese government is introducing legislation that aims to regulate cryptocurrency exchanges as strictly as banks and strengthen the monitoring of money laundering.
Cryptocurrencies

Japan cryptocurrency transfer rules take aim at money laundering

Government will require exchanges to share customer information

27 September 2022
Do Kwon, founder of Terraform Labs, said on social media he was "making zero effort to hide."
Cryptocurrencies

Terra founder Do Kwon denies hiding after Interpol issues alert

South Korean prosecutors seek crypto entrepreneur for alleged fraud

27 September 2022
Chainalysis said Thailand and Vietnam saw high web traffic to marketplaces for non-fungible tokens.
Cryptocurrencies

Thailand and Vietnam emerge as ASEAN crypto trading hot spots

Each country logs over $100bn transactions in a year, topping Singapore

21 September 2022
Ethereum is transitioning from mining to a proof-of-stake model, a move that is hoped will shore up interest in digital assets while decreasing energy usage.
Cryptocurrencies

Ethereum merge: Crypto players raise stakes amid blockchain shift

Digital token services in Asia hunt for fresh opportunities, but risks remain

15 September 2022
Ethereum's developers say a change in the way the cryptocurrency is created will reduce the network's energy consumption by 99.95%.
Cryptocurrencies

Ethereum's merge: 5 things to know about cryptocurrency upgrade

More sustainable model to use 99% less energy, say backers

13 September 2022
Animoca Brands' more than 340 subsidiaries include Grease Monkey Games, Quidd and The Sandbox. (Source photos by courtesy of Animoca Brands)
Cryptocurrencies

Hong Kong metaverse startup Animoca raises $110m amid crypto winter

Singapore's Temasek among new investors in company behind The Sandbox game

9 September 2022
Regionwide, the survey showed that 83% of high net worth individuals had no crypto investments or less than 5% of their portfolio allocated to the asset class. 
Cryptocurrencies

Rich more bullish on crypto in Indonesia than Singapore, Hong Kong

Study shows close to 40% plan to increase allocation despite downturn in tokens

7 September 2022
The collapse of 3AC has reverberated through the industry, further damaging the credibility of the asset class. (Nikkei montage/Reuters/AP)
Market Spotlight

Aftershocks: 3AC's collapse reverberates through crypto ecosystem

Creditors scared as cryptocurrency hedge fund's liquidation yields little so far

5 September 2022
Japan's video game industry is wary of turning off players by diving too aggressively into crypto, while gamers say they do not want the real world worry of having to earn money encroaching on their pastime. (Photo by Yuki Kohara)
Business Spotlight

Japan's video game heavyweights tiptoe into blockchain

Square Enix aims to monetize NFT project while 'play-to-earn' games sour globally

2 September 2022
Bitkub said it would appeal the action against Samret and that he would continue to perform his duties as chief technology officer.
Cryptocurrencies

Thai regulators fine Bitkub executive for insider trading

Samret Wajanasathian charged for trades linked to crypto platform's failed sale

30 August 2022
Ravi Menon, managing director of the Monetary Authority of Singapore, speaks at the Singapore Fintech Festival in 2016. On Monday, he said the MAS will seek feedback on proposals to protect consumer interests.
Cryptocurrencies

Singapore eyes crypto credit curbs but China-style ban unlikely

City-state's central bank chief clarifies regulatory approach for digital tokens sector

29 August 2022
Speculators are pocketing the difference between the carbon credit's actual value and a digital currency backed by carbon assets.  
Cryptocurrencies

Carbon credits targeted by crypto speculators, fueling green bubble

Nearly 10% of transactions tied to arbitrage trading linked with digital currency

26 August 2022
The two companies had aimed to finalize their deal by January, but silence from both sides in recent months led to speculation that SCB was using Bitkub’s regulatory woes to lower the acquisition price.
Cryptocurrencies

SCB calls off plan to acquire Thai crypto exchange Bitkub

$500m deal soured by regulatory woes and market's crash

25 August 2022
Zipmex halted operations, citing market volatility and liquidity problems faced by its Singapore unit, affecting many retail investors in Thailand.
Cryptocurrencies

Assets of Zipmex Thailand's users locked until restructuring deal

Singapore court grants crypto company 3-month reprieve to find solution

15 August 2022
Zipmex had already paused operations, citing market volatility and liquidity problems faced by its Singapore unit.
Cryptocurrencies

Crypto exchange Zipmex seeks bankruptcy protection in Singapore

Thailand-based digital currency player calls for conference with creditors

29 July 2022
A Google form for investors affected by Zipmex's withdrawal freeze has reached nearly 800 complaints -- with a claimed 600 million baht lost in total.
Cryptocurrencies

Thailand's Zipmex faces deadline to resume withdrawals

Investors chase crypto exchange for deposits and answers

27 July 2022
"Digital collectibles" have taken off in China since they first appeared around 2021. (Photo by Yusuke Hinata)
Cryptocurrencies

NFT black market sprouts under China's crypto crackdown

'Digital collectibles' from tech firms reappear on underground swap platforms

27 July 2022