Today’s Asia Crypto News- May 28th

Happy Memorial Day, short one today as I’m traveling. Will be back in full gear tomorrow.

Japan launches 6 new crypto exchanges and one exchange is permitted to borrow; South Korea Bithumb banned trading in 11 countries

To get the latest alerts on China and Asia Cryptocurrency happenings, subscribe to our newsletter below. It’ll be a quick, hassle-free update to your inbox daily.

Top News

  • Japan has planned to embrace 6 new crypto-exchanges.These crypto-platforms are launched by the listed public companies on the Tokyo Stock Exchange. Japan has 16 completely licensed crypto-exchanges, with another 8 applications of exchanges being reviewed by FSA, Japan’s Financial Service Agency. http://bit.ly/2kx3OJW
  • Citing money laundering concerns, South Korean cryptocurrency exchange Bithumb has banned trading in 11 countries including North Korea, Iran, Iraq. http://bit.ly/2sjE6w1
  • A government-approved Japanese cryptocurrency exchange has launched a program to borrow cryptocurrencies from its members. The exchange seeks to borrow 1 BTC or more Initially. http://bit.ly/2GWGOg1

Coin and Exchange News

  • Huobi.Pro announced its grand strategy to tackle the Vietnamese market during keynote speech at Blockchain Festival Vietnam. https://read.bi/2siSOTW
  • Chinese cryptocurrency firm BTCC has announced plans to introduce an upgraded new exchange platform in June with support for currencies including bitcoin, ethereum, bitcoin cash and litecoin at launch. http://bit.ly/2sjgA21
  • VeChain signs a partnership with Lingang International Manufacturing Exhibition Trading Center at the 2018 Blockchain & Industry Convergence Development Forum. Via Vechain’s Twitter

Business News

  • Chinese cryptocurrency media companies are boycotting an ongoing blockchain conference after the organizer used a Chairman Mao impersonator to promote the event. http://bit.ly/2GYmJWJ
  • In Beijing this past weekend, a joint Australian-Chinese “blockathon” (blockchain hackathon) was held http://bit.ly/2GW4hxK

Macro and Regulation Watch

  • We mentioned that last week, Blockchain Industrial Park (BIP) in Hangzhou, China, is offering millions of dollars worth of subsidies to blockchain startups to set up shop there. Here is the translated WeChat announcement. http://bit.ly/2ku8yQj

Leave a Reply

Your email address will not be published. Required fields are marked *

More from GCR

Greg d’Incelli - Scenius and the FTX impact on allocator appetite - Global Coin Research

Featured GCR Announcement GCR Exclusive Podcast

Greg d’Incelli – Scenius and ...

Gregory d’Incelli is the co-founder of Scenius Capital. Scenius is a digital assets and blockchain technology investment firm focused on providing sophisticated investors curated access ...

An Overview of Music NFTs - Global Coin Research

NFT

An Overview of Music NFTs

Introduction NFT or a non-fungible token is a unique digital asset on the blockchain that can be bought or sold. TheNFT movement has spread to ...

Insights

Writing NFTs As The New ...

The more I search for new perspectives on specific topics for my essays, the more I realize the difficulty of finding hidden gems and quality ...