Managers of Wealth Asia Pacific

Hong Kong: Discussion Paper on Crypto-assets and Stablecoins

The Paper sets out the HKMA’s thinking on the regulatory approach for crypto-assets particularly payment-related stablecoins.

iFast to acquire 85% stake in UK digital bank

The proposed acquisition in the UK bank will allow the Group to acquire a banking licence in the UK, a reputable jurisdiction and a global financial centre.

Hong Kong crypto exchange allegedly hit by frozen funds

The head of the city's securities watchdog in November 2020 said it would propose a licensing regime for all crypto-trading platforms, an approach rival financial hub Singapore is also pursuing.

Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report

The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance.

Thailand’s Merkle Capital gets digital asset management licence, report says

“We will also invest in other digital assets such as non-fungible tokens,”

Vietnam digital bank Timo secures $20 million fresh funding led by Square Peg

Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (existing investor) and other super angels.

Taipei bank chooses Avaloq to help scale its private banking business

Powered by Avaloq’s core banking system, the wealth management platform will initially be used to serve private banking clients in Hong Kong and Singapore, before scaling to serve onshore Taiwan clientele.

China c.bank launches digital yuan wallet apps for Android, iOS

In a year-end meeting, the PBOC said it would continue to push forward with the research and development of the digital yuan.

Ai Technology To Contribute Up To 70% Of Carbon Emissions Reductions By 2060

The report draws on IDC’s research in the field of ICT and artificial intelligence, as well as the practices of Baidu and its industry partners in related fields.

Keppel DC REIT adds second London data centre

US$76.48 million acquisition comes on back of healthy demand from hyperscalers, cloud providers in UK

China’s Tencent takes stake in UK digital bank

The investment in Monzo is part of an additional $ 100 million investment.

Macau watchdogs will double down on digital yuan

Migrating the gaming hub to digital payments would complement Beijing’s desire for greater oversight of cash flows and customers

Tech firms’ rush into finance puts pressure on banks, regulators

Meritz Fire & Marine Insurance is working with Kakao Pay to develop financial products for people between 30 and 50, with officials at the insurance firm saying the services will kick off as early as this month.

BNP Paribas Asset Management Reveals How Digital Commerce Is Evolving as Big Players Emerge Outside China

He adds that the recovery in many Asian economies was “hindered by the resurgence of the Delta variant over the summer, resulting in more sustained lockdowns and travel restrictions.”

China's tech moguls see $80 bn in combined net worth evaporate in 2021

The drop represents almost a quarter of their total wealth and is the largest one-year decline since 2012, when the Bloomberg index started tracking the world's richest people

Vietnam to issue 5G licenses in 2022 after pandemic delays

Coverage to start in major cities and industrial zones

S Korea Now Has 24 Licenced Crypto Exchanges

These 20 exchanges are now stuck in a vanishingly small crypto-to-crypto-only market, frozen out of their once-lucrative KRW pairings – and are legally prohibited from offering fiat KRW markets.

Singapore’s UOB Asset Management, Singtel launch robo-advisory service

Dash users can invest from as low as S$1 (US$0.73) at annual advisory rates ranging from 0.6% to 0.8%.

Tencent to hand out $22 billion of JD.com shares as dividend

The special dividend would rank among the largest shareholder giveaways ever by a Chinese tech company, which have long relied on rapid growth and investment to satisfy investors.

Mizuho Bank invests in Vietnamese digital payment services company M-Service

MService is the leading digital payment company in the Socialist Republic of Vietnam, with a share of over 50% of Vietnam’s mobile payment market, and operates the MoMo brand.

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