Asia-Pacific

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

| Daniel Palmer

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

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Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing

| Daniel Palmer

After a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it's discovered that another $2.3 million is missing. 

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

| Daniel Palmer

China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.

Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues

| Daniel Palmer

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official

| Daniel Palmer

China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

| Daniel Palmer

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

South Korea’s Shinhan Bank Is Cracking Down Harder on Anonymous Crypto Users

| Richard Meyer

The bank plans to make it even harder to create anonymous crypto exchange accounts in South Korea.

Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency

| Daniel Palmer

Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency.

Singapore’s Central Bank Wants More Information on Facebook’s Libra Crypto

| Daniel Palmer

The Monetary Authority of Singapore reportedly has concerns over Facebook's recently unveiled cryptocurrency project, Libra.

Another Indian Crypto Exchange Shuts Down Blaming Banking Ban

| Daniel Palmer

Regulatory uncertainty ushered in by India's central bank appears to have brought about the demise of the cryptocurrency exchange Koinex.