Tag "cryptocurrency"
Here’s How 10 APAC Markets Are Approaching Crypto Regulation
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
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Can Bitcoin Be a Financial Lifeline for Economies in Crisis?
Bitcoin, the world’s first and most widely-recognized cryptocurrency, has gained a reputation for being a volatile and risky investment. However, in certain economies around the world, Bitcoin is being embraced as a useful tool that is allowing for financial stability
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Could Decentralized Finance (DeFi) Redefine Banking in South East Asia?
Decentralized finance – often called “DeFi” – is a hot topic in the cryptocurrency world, with billions of dollars’ worth of value locked into various protocols and platforms. At its core, the decentralized finance movement aims to upend the decades-old
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What is Behind the Metaverse Boom?
The metaverse, a concept referring to a shared virtual environment that people access via the Internet, has become one of the hottest business trends this year, building on the accelerated shift to digital channels, growth of the augmented reality/virtual reality
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Central Bank Digital Currency vs. Crypto: When Two Quarrel the Golden Third Rejoices
Cryptocurrencies are increasingly competing with state-issued legal tender. To hamper the advance of Bitcoin, central banks are developing digital legal tender. An old acquaintance from economic history will be rejoicing a third option. Central banks will do themselves a tremendous
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NFT Craze and Institutional Participation Fuel the Crypto World
The cryptocurrency rally continued in Q1 2021 fueled by the craze surrounding non-fungible token (NFT) and rising participation from institutional investors, according to CoinGecko’s latest crypto report. The CoinGecko Q1 2021 Quarterly Cryptocurrency Report, released earlier this month, looks at
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DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
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What are Stablecoins and Why Is it Growing in Asia?
Stablecoins are cryptocurrencies designed to minimize price volatility, it is often praised for offering the advantages of cryptocurrencies, including transparency, efficiency and low transaction fees, while overcoming the wild price swings inherent to the likes of bitcoin and ether. Proponents
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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
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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
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