Category: Taiwan

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Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate &…
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BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots

Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes the strategic economic plays of the organization could very well “rival the industrial…
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Binance Seeks Registration in Taiwan Under Money Laundering Control Act and FSC

Binance, the global leader in cryptocurrency exchange by trading volume, has submitted an application for registration in Taiwan according to the Money Laundering Control Act and the Financial Supervisory Commission (FSC). During a private meeting on Tuesday, Taiwan’s Financial Supervisory Commission informed numerous local crypto service providers that Binance is seeking Anti-Money Laundering (AML) compliance. ……
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Binance applies for Taiwan AML compliance: Report

The world’s leading crypto exchange by trading volume has reportedly applied to register in Taiwan under the new AML compliance. Binance, the world’s leading crypto exchange by trading volume, has reportedly applied to be registered in Taiwan under the Money Laundering Control Act and the Financial Supervisory Commission (FSC). The FSC reportedly informed dozens of…
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TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining

Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with the company also targeting Hsinchu County in northern Taiwan for 2nm production by 2025. Kaohsiung…
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South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners

The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project. South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.…
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Taiwan Notes Rise in Bitcoin, Ethereum Use in Bribery Cases

Bitcoin (BTC) and Ethereum (ETH)-powered “bribery” cases are on the rise in Taiwan, the nation’s justice ministry has claimed. Per the China Times, the ministry warned that cash is no longer the only currency used in corruption cases. The ministry said that BTC, ETH, and other coins were also “emerging” as tools of corruption…. Read…
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United States Plunges in Economic Freedom Rankings, Study Reveals

American television presenter and author, John Stossel, released a video on June 20, 2023, where he delved into the findings of a recent study on global economic freedom. Conducted by the Heritage Foundation and unveiled in late February, the research unveils a stark reality: the United States has experienced a substantial decline in economic freedom.…
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Telecom Giant Taiwan Mobile in Talks for Crypto Platform Investment

Telecommunications giant Taiwan Mobile is in talks with local crypto platforms about potential partnerships and even investment in one of the businesses.  The government-licensed wireless service provider is exploring opportunities for collaboration with blockchain-enabled financial institutions, including Taiwan-based XREX, Bloomberg reported, citing people familiar with the matter.  No decisions have been made, and a deal may…
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Bitget Crypto Exchange Invests $10 Million in Blockchain4Youth to Boost Web3 Education Globally

Crypto exchange Bitget announced the launch of a Web3-focused corporate social responsibility (CSR) project, with plans to invest millions in nurturing young talent for the future of crypto adoption. The project, called Blockchain4Youth, “aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and сrypto tools to create and engage…
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