Lending
Zipmex aims to slowly reinstate withdrawals of certain altcoins
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
Monica Noronha 3 min read
Asia Crypto News
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
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Top Asia Stories
Regulation
Singapore regulator responds to Terra collapse; plans to involve public in stablecoin regulations
Singapore's financial regulator confirmed that the impact of Terra's collapse on its economy was minimal and that it is working on stablecoin regulation that will include feedback from the public.
Scams
North Koreans reportedly targeting crypto jobs for insider access
Beyond plagiarizing resumes, researchers also discovered that some suspected North Koreans doctored qualifications when applying for jobs.
Latest Asia Crypto News & Analysis
Bankruptcy
Vauld gets three-month moratorium from Singapore High Court for protection against creditors
The court has asked Vauld to share cash flow and management of accounts details with creditors within two and eight weeks respectively.
Regulation
South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto
A foreign employee of South Korea-based Busan Bank stole customers funds and invested it into Bitcoin, according to local media reports.
Adoption
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan said it needs to explore the idea of a digital Yen further before giving it a greenlight as people have better options already.
Exchanges
Zipmex seeks extension for bankruptcy protection in Singapore
Zipmex exchange at the brink of a collapse turns to the Singapore High court for bankruptcy protection as it looks to raise more funds to continue operation.
Legal
South Korean officials conclude week-long raid in Terra-LUNA case
The Ministry of Justice has issued a "notification upon arrival" notice to Do Kwon while Daniel Shin is restricted from leaving the country.
Taxes
Japan’s top crypto lobby groups push for lower taxes to attract talent
The lobbying groups are planning to ask the government to make crypto issuing and holding cheaper to prevent talented individuals from leaving the country.
