Asia Express | Crypto

Metaplanet might be underwater, but it’s doubling down on Bitcoin — plus a new survey shows 6 in 10 Singaporeans hold crypto. Asia Express. Japans largest corporate Bitcoin holder, Metaplanet, plans to raise around $135 million to accumulate more BTC, even as the assets price continues to trade below $90,000. The company is choosing to raise capital through issuing preferred shares instead of common stock, which seems to be largely to protect the stock price from tanking any further. Metaplanets share price has already plummeted nearly 60% in the past six months, now standing at 387 JPY (approximately $2.46 USD), according to Google Finance. To avoid further volatility, the company will issue preferred shares with a 4.9% dividend instead of common shares, as per a statement published on Thursday. Read more

Taiwan’s central bank studying Bitcoin’s inclusion in national reserve, Sony launches DeFi super app for its Ethereum layer 2. Asia Express. Taiwans government will complete an inventory by year-end detailing how much Bitcoin it currently holds through confiscations, Premier Cho Jung-tai said Tuesday during a finance committee.  The central bank will also deliver a formal assessment on whether Bitcoin should be considered as part of Taiwans national reserves. The move comes as lawmakers press the government to clarify how seized crypto is handled and whether Taiwan should follow a growing global trend of treating Bitcoin as a strategic reserve. Read more

Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more

Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more

Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more

Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more

Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express. Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX. Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto. Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

China’s central bank boss really, really doesn’t like stablecoins and crypto, Japanese yen comes to DeFi: Asia Express. China has finally put rumors to rest following a speech by Peoples Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kongs stablecoin licensing regime took effect in August, several companies including some from mainland China reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of prohibitions rolled out since 2017, he said the existing policies remain in effect. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure. The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more