Banking
The case for Bitcoin strengthens as Chinese bank depositors riot over frozen accounts
Angry crowds gathered in Zhengzhou demanding access to their bank deposits. Some say self custody of Bitcoin is the answer.
Samuel Wan 2 min read
Asia News
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CBDCs
Bank of England’s vision for the digital pound differs from China’s model
The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.
Legal
US, South Korea to cooperate over Terra investigation
South Korea and the United States have agreed to share investigation data about the Terra network crash.
Latest Asia Crypto News & Analysis
Regulation
India is investigating crypto exchanges compliance to foreign exchange laws
The top executives of several exchanges operating in the country have been summoned by the authorities.
Taxes
India’s crypto tax impacted trading frequency of 83% of traders, says survey
India's 30% tax on cryptocurrencies has negatively impacted trader sentiment — a new survey shows just how much.
Regulation
Singapore eyes more regulation to protect retail investors from crypto winter fallout
SIngapore's financial regulator says there is need for global collaboration to better regulate the crypto industry because of its "borderless nature."
Exchanges
India’s 1% tax has dealt a heavy blow to crypto trading volumes
Daily trading volumes on most Indian cryptocurrency exchanges have dipped by more than 50% since the tax came into effect on July 1.
Hacks
Hacker wants 10 Bitcoin in exchange for Chinese citizens’ stolen data
The hacker reportedly gained access to the Chinese Shanghai police database stealing over 26 terabytes of personal data.
Legal
Deribit is part of creditors that made 3AC liquidation calls
According to the court filings, Deribit claimed, "the company is or is likely to become unable to pay its debts as they fall due, and therefore insolvent."
