Thailand sees 44% fall in Chinese tourists after crypto scam backlash, Japan to urge G7 to tackle North Korean crypto hackers. Asia Express. Chinese academics are warning that the growth of stablecoins is a rising threat to China’s monetary sovereignty by enshrining the global dominance of the US dollar. A commentary in China Economic Times argues that the rise of crypto comes with implications for sovereign credit systems, global governance models and the future of money. China Economic Times is a daily newspaper sponsored by the Development Research Center of the State Council, one of the countrys highest-ranking policy research bodies. Government officials are part of the paper’s main reader base, and commentaries published by the paper often aim to influence or advise on economic strategy. Read more
Talks of a potential acquisition follow renewed interest in Nexon's massively multiplayer online role-playing game series MapleStory. Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon. Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according to Bloomberg. Nexon is the South Korean video game developer behind the MapleStory series, a massively multiplayer online role-playing game (MMORPG) that first gained popularity in the early 2000s as a traditional PC game. Read more