Reserve Bank of India To Extend Global Payments Platform
The Reserve Bank of India (RBI) is endeavoring to broaden its cross-border payments platform, by incorporating new trading partners in the Asia and Middle East regions. Bloomberg reports that India has already reached agreements with Bhutan, Nepal, and Sri Lanka and intends to include the United Arab Emirates (UAE) in its cross-border settlement program. India […]
HashKey, Kaia Patner to Drive Web3 Adoption in Asia
HashKey Group has partnered with Kaia (formerly Klaytn) to boost Web3 adoption in Asia, focusing on digital finance, content creation, and security. The HashKey Group, a digital asset services provider in Asia, has announced a partnership with Kaia, which was previously known as Klaytn. The partnership’s objective is to expedite the adoption of Web3 technology […]
BitGo Wins Singapore Approval, Eyes Asian Expansion
This license enables BitGo to provide customers with secure digital asset trading and custody solutions. The regulatory milestone that BitGo has reached is a significant one. The company has taken a significant step toward expanding its presence in the Asian market by obtaining the highly sought-after Major Payment Institution License from the Monetary Authority of […]
Asia’s First Inverse Bitcoin ETF to Launch in Hong Kong
Hong Kong will introduce Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), on July 23. The objective of the new exchange-traded fund (ETF) by CSOP Asset Management, one of the largest asset administrators in China, is to provide investors with a means of profiting from drops in the […]
New Crypto Mining Rules in Uzbekistan Include Token Issuance
Uzbekistan’s National Agency for Prospective Projects (NAPP) is working on new crypto mining and token issuance regulations, licensing crypto service providers, and collaborating with law enforcement agencies. Uzbekistan, a Central Asian country with a population of over 33 million, is preparing to introduce new rules for the crypto industry. The country’s main regulator for crypto […]