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The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual…
Vietnam’s so-called mutant orchids are being turned into unique digital assets and being sold for up to thousands of dollars online. On the digital goods marketplace OpenSea.io, hundreds of items are displayed when a user types the keyword “Orchidaceae.”…
The bank has priced S$600 million of perpetual capital securities at a fixed coupon rate of 2.55 percent – the lowest for benchmark perpetual securities for banks in Singapore. UOB is piloting the digital issuance of its latest bond offering on…
The country’s finance regulator is banning licensed digital asset exchanges from trading meme coins, fan-based tokens, NFTs and social coins as part of its ongoing regulatory action against crypto trading. The Thai Securities and Exchange Commission (SEC) is…
The country’s finance regulator is banning licensed digital asset exchanges from trading meme coins, fan-based tokens, NFTs, and social coins as part of its ongoing regulatory action against crypto trading. The Thai Securities and Exchange Commission (SEC) is…
Citi has hired a former partner from Ernst & Young to lead the upcoming launch of a new digital payment solution in the region. James Lloyd joins the treasury and trade solutions (TTS) unit as its Asia Pacific head of Spring by Citi – upcoming digital…
Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group, launched Project AsiaForward with an initial USD1 billion funding and resources to cultivate a million-strong digital talent pool, empower 100,000 developers and the growth of…
Huawei is eyeing opportunities in digital finance to diversify its revenue mix amid ongoing U.S. sanction pressure against its smartphone and telecom equipment business. Huawei is the latest major Chinese player to make an entry into the global digital…
The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain in-country, according to an announcement this week. The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services…
DBS expands the offering on its digital exchange with its first-ever bond issuance via security token offering. DBS has issued a S$15 million ($11.35 million) bond through a security token offering (STO) on its digital exchange, according to a statement. The…
Expanding on his keynote speech at the 7th Asia-Pacific Spectrum Management Conference, held from 24 May to 27 May 2021, Tide Xu, Chief Strategy Officer, Wireless Product Line at Huawei addressed a prevalent digital divide in the Asia-Pacific region and…
AIRASIA Group Bhd’s non-airline digital travel and lifestyle platform is now considered one of the region’s top three online travel agencies (OTAs), while AirAsia’s e-wallet BigPay is set to become the first virtual bank and its delivery service Teleport is…
The bank has launched a digital wallet for businesses in Singapore, which enables them to send, receive and hold cash in multiple currencies. HSBC’s Digital Wallet, which aims to significantly reduce the time it takes for SMEs to make business payments, is…
Digital channels dominated HSBC’s retail wealth management business in Asia, making up a dominant majority of sales in the unit. Nearly 80 percent of HSBC’s retail wealth sales were conducted through its digital channels, according to a statement from the…
Global payments giant Mastercard is in talks with various central banks with an eye on opportunities in central bank digital currencies. Amongst the central banks in discussion with Mastercard is the People’s Bank of China, according to a report citing APAC…
The Monetary Authority of Singapore (MAS) discussed the creation of a common platform for international payment settlements that will be more efficient than current arrangements. While there is growing global interest in the issuance of Central Bank Digital…
