Investments
Animoca Brands’ Japanese unit bags $45M to promote NFTs
The funding came in equal parts from Hong Kong-based parent Animoca Brands and Japanese banking giant MUFG Bank.
Monika Ghosh 2 min read
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Taxes
Japan might be lowering tax burdens on crypto startups in 2023
The country discussed the necessity of reducing the tax requirements on crypto initiatives to prevent start-ups from leaving Japan.
Adoption
US has highest number of crypto owners, but Vietnam is top for percentage of ownership
Crypto ownership is predicted to rise with 4.2% of the world's population already on board, and in the case of Vietnam, adoption is utility driven.
Latest Asia Crypto News & Analysis
Regulation
Binance helping Philippines on crypto regulation despite contentions with SEC
A few weeks ago, the SEC warned Filipinos against investing in Binance. Now the exchange is helping the country regulate digital assets.
Bankruptcy
Singapore court grants liquidator access to 3AC’s assets
Teneo will now have access to bank accounts, cryptocurrencies, non-fungible tokens, and stakes in companies and properties belonging to Three Arrows Capital.
Taxes
South Korea may levy up to 50% ‘gift tax’ on crypto airdrops under current law
South Korea's President Yoon Suk-yeol has delayed the levy of capital gains on crypto profits, but crypto airdrops are subject to a gift tax of up to 50% under current tax laws as the tokens are received for free.
Regulation
South Korea to block 16 unregistered foreign crypto exchanges
South Korean government officials say the foreign exchanges could be used to carry out money laundering acts and their users’ data are not safe.
Legal
Do Kwon hires lawyer in preparation for defense in South Korea
Do Kwon recently claimed South Korean prosecutors were yet to contact him nor file any charges against him.
People
FatManTerra questions integrity of Do Kwon’s first interview since Terra collapse
Coinage will air the first video interview with Do Kwon follwing the Terra collapse. But FatManTerra questions whether it will shed light on what really happened.
More Asia Crypto News Headlines
Legal
India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Bankruptcy
Zipmex enables up to $153 worth of ETH withdrawals
Regulation
South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
Exchanges