Top Crypto News in Asia: Sept 13- Sept 16

Top Crypto News in Asia: Sept 13- Sept 16

What Crypto insiders are reading.

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Top News in Asia from Wednesday to Friday

The South Korean financial authorities are planning to come up with a specific plan to supervise the initial coin offering industry a year after its ban.

Bitmain CEO Jihan Wu: the development of blockchain will focus on 8 issues in the next decade- privacy and security, blockchain neutrality, scalability and more.

Vietnam commercial banks to block all virtual currency trading and transactions.

Alibaba’s Ant Financial launches China’s first Blockchain-based electronic medical prescription service.

Wechat bans the public accounts of Delphy and Loopring tokens per cnLedger Twitter account.

Deals and Funds

Cocos-BCX, a China-based blockchain game development platform, raised $40 million in funding. Investors include Binance Labs, NEO Global Capital and 500 Startups.

HyperChain Capital launches HyperBlocks Pro Staking Service, a new service that allows digital asset holders to easily stake their tokens and secure the network.

Coin and Token News

Japan’s SBI and Ripple Asia set to launch xCurrent-powered MoneyTap mobile app.

Lino Network’s annual report.

Exchange News

CZ announced that Binance will begin live fiat exchange beta testing in Singapore on Sept 18th.

Huobi Global’s Japan subsidiary has recently acquired a majority stake in Japan’s BitTrade —
one of only 16 regulated crypto exchanges in the country.

A crypto trading exchange has angered ethereans after Bitmex’s CEO, Arthur Hayes, appeared to tell his customers, under an official Bitmex account, to short eth.

Regulation News

The Japanese Financial Services Agency to shift from Crypto broker/exchange inspection to new broker/exchange registration review. The number of dealers waiting for new registration continues to increase, currently exceeding 160 companies.

A phishing scam which stole over $800,000 worth of XRP from dozens of victims in South Korea and Japan has been busted in a joint operation between the Seoul police cybercrimes division and the FBI.

Business News

Samsung SDS to set up blockchain custom platform for Korea Customs Service.

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