Southeast Asia News

Tether’s USDT stablecoin is fueling a surge in scams in Asia, a recent report from the UN’s office on drugs and crime says. According to a report seen by the Financial Times, USDT has become a key tool among criminal…

A large chunk of Southeast Asians is aware of bitcoin (BTC) and other cryptocurrencies. Nearly two-thirds of consumers in the entire region are interested in paying with crypto for purchases, with Indonesia, Vietnam, the Phillippines, and Thailand leading the region…

Yield Guild Games South East Asia (YGG SEA), has raised $15 million across two separate private funding rounds, with participation from notable institutional investors, including YGG, Infinity Ventures Crypto (IVC), Crypto.com Capital, Animoca Brands, and more. The team says the…

The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors.  Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar.…

Bitcoin wallet provider and investment platform Abra says people can now buy cryptocurrencies at any 7-Eleven outlet in the Philippines. The news is the latest development in efforts to make cryptocurrencies more easily accessible to users in markets across the…

More updates have emerged regarding the closure of one of Thailand’s largest Bitcoin exchanges, reports the Bangkok Post. Sources say the move was due to the platform not being keen on complying with some of the more stringent anti-money laundering…

Local Philippines media outlet Philstar Global is reporting that a couple of cryptocurrency exchanges have obtained authorization from the country’s central bank. This development follows similar approvals gotten by close to a dozen platforms in recent time. Several countries in…

Kopitiam has announced plans to accept bitcoin payments as part of the company’s efforts to adopt digital payment means, The Business Times reports, July 01, 2019. The move forms part of a growing wave of cryptocurrency adoption sweeping across Singapore…

Southeast Asia is swiftly shaping into a blockchain hub, with most emerging and developed markets in the region firmly positioning themselves at the forefront by deploying blockchain-based products across a myriad of business verticals, reported The Asean Post on December…

On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and…