Tag "blockchain"
Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding
Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology
Read More
Fintech Infographic of the Week: Making Investing More Accessible with Decentralized Finance
Across the globe, access to financial markets diverges dramatically from one country to another. While in the US about 52% of people are investing in the stock market, in emerging countries like India and Mexico, the figure drops significantly with
Read More
Singapore’s New GST Proposal for Crypto “One of the Friendliest Tax Regulations in the World”
The proposal of the Singapore government’s taxation agency to remove goods and services tax (GST) from cryptocurrency transactions could give a boost to the burgeoning sector, experts and industry participants claim. Earlier this month, the Inland Revenue Authority of Singapore
Read More
Prime Minister Lee Hsien Loong: Not All Problems Need a Blockchain Solution
Prime Minister Lee Hsien advised sober assessment of blockchain technology in a Facebook post shared earlier. Ironically on his Facebook post he was also commenting on the Facebook’s controversial cryptocurrency project, Libra. Describing Facebook’s Libra, he said it has “a
Read More
Philippine Based Crypto Startup PDAX Receives Funding Boost from BitMEX
Philippines Digital Asset Exchange (PDAX), a locally based cryptocurrency exchange platform recently received an undisclosed sum of funding from BitMEX Ventures. This news follows a recent investment by Consensys into PDAX. According to BitMEX co-founder and CEO Arthur Hayes, they
Read More
7 Blockchain Projects and Startups Leading the Way in Singapore
In recent years, Singapore has emerged as a hotbed for blockchain and crypto innovation, fuelled by the supportive stance from the government towards adopting cutting technologies. Sources say that there are over 634 companies have been incorporated in Singapore with a
Read More
The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers
Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent
Read More
Philippines’ Cryptocurrency Enabled Wallet Can Now Accept Western Union Transfers
Blockchain-based financial services company Coins.ph and Western Union have teamed up to allow the fintech startup’s five million customers receive international and domestic money transfers directly into their mobile wallets in the Philippines. The collaboration was announced following news of
Read More
STO & ICO Regulations in Asia: 2019 Edition
Despite the cold sting of the crypto winter ICOs and STOs remain popular method of fundraising, a report by PWC indicated that in 2018 alone 1134 ICOs and STOs were completed around the world — double the amount 2017. The
Read More
11 Fintech and Blockchain Events in the Philippines to Attend in 2019
Philippines is described by some as a hidden gem in the South East Asian fintech scene, our previous Fintech Philippines 2018 report demonstrates that this archipelagic nation has all the recipes in place for a booming fintech sector. A similar
Read More