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As China continues on the path of restrictive and ambiguous regulation over their growing fintech industry, tech companies are leaving in droves for the more welcoming shores of Hong Kong and Singapore. Hong Kong And Singapore Benefit from China’s Crypto Phobia Singapore and Hong Kong are experiencing an explosion in...
Bitcoin case study: Aniket Patel is an Indian teenager and cryptocurrency investor who is still working on his school exams. Despite this, Patel spends more time checking the Reserve Bank of India’s (RBI) website than scouting for exam results. This is because Patel considers himself a long term...
A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of Mining.sg estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come...
Cryptocurrency users around the world often suffer from banking issues. More specifically, a lot of financial institutions tend to close bank accounts related to cryptocurrency. Although such harsh actions have become less apparent, they can still occur now and then. Over in Singapore, various firms and consumers have...
PayPal has announced a new fintech scholarship program in partnership with the Singapore Management University. The program is designed to encourage students to involve themselves in the fintech and cybersecurity domains. The mainstream financial, banking and payments industries are trying hard to adapt to the drastic changes brought...
Hong Kong is one of the Asia’s finest fintech destinations. But the same can’t be said for the Bitcoin market anymore. According to a recent article in one of the leading Chinese dailies, Bitcoin businesses are slowly dying in the region. Once considered a prolific market for cryptocurrencies,...
The blockchain is often touted as one of the most revolutionary staples of modern technology. Institutions from banks to governments have attempted to “exploit” its technology in the hopes that they can digitize and record their data in real-time to keep it safe from security breaches and related...
Increasing interest in blockchain technology based applications among banking and financial institutions has got governments and central banks across the world making special allowances for Fintech companies. Singapore is the latest country to consider offering special concessions targeted towards fintech companies. The deputy Prime Minister of Singapore, Tharman...
The financial relationship between Switzerland and Singapore has come under even more pressure than before. Singapore central bank officials forced Falcon Private Bank to shut down immediately. This is a direct result of the ongoing money-laundering operations in the country, and Falcon Private Bank is the second Swiss...
Bitcoin’s growing popularity in the Asian region has prompted Gemini to open new offices in Singapore and Hong Kong. The renowned Bitcoin exchange, which is headed by the more-renowned Winklevoss Twins, confirmed today that it will be providing Bitcoin and Ethereum trading services to Singaporean and Hong Kong users. The...
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