Asia
💣 Kazakhstan🇰🇿: the regulator blocks payments of all legal bookmakers — for what purpose❓ Paid Members Public
💣 Kazakhstan🇰🇿: the regulator blocks payments of all legal bookmakers — for what purpose❓ Although 1xbet (licensed in Kazakhstan) explains the situation on its channel as alleged “technical works”, it appears to involve the mandatory reconnection of platforms to the unified payment system Nomapay, with the corresponding implications. ➡️ Context: 10 bookmakers operate
🎉 South Korea🇰🇷 and Indonesia🇮🇩 will launch a cross-border QR payment system in April Paid Members Public
🎉 South Korea🇰🇷 and Indonesia🇮🇩 will launch a cross-border QR payment system in April In its initial phase, the functionality will be limited to physical retail locations in both countries. Tourists will be able to make payments in local currencies without relying on currency exchange services, streamlining cross-border transactions and improving
⛔️ At Turkey’s request🇹🇷, Tether froze 554 million USDT linked to illegal gambling Paid Members Public
⛔️ At Turkey’s request🇹🇷, Tether froze 554 million USDT linked to illegal gambling Tether has frozen 554 million USDT at the request of Turkish authorities. The funds were tied to unauthorized Turkish bookmaker Veysel Sahin, who is accused of operating a large-scale illegal betting network. 🔻 Background: Between January 1, 2024,
🎉 Hong Kong🇭🇰: the regulator will issue the first licenses for the issuance, management, and redemption of stablecoins starting in March Paid Members Public
🎉 Hong Kong🇭🇰: the regulator will issue the first licenses for the issuance, management, and redemption of stablecoins starting in March Access to the new licensing regime will be restricted to verified applicants that meet stringent standards for risk management, anti-money laundering (AML) and adequate reserve backing, according to CryptoNews. ➡️ The
🎉 UAE🇦🇪: the Central Bank has approved the launch of USDU, a stablecoin by Universal Digital Paid Members Public
🎉 UAE🇦🇪: the Central Bank has approved the launch of USDU, a stablecoin by Universal Digital While pegged to the US dollar, USDU is not a conventional stablecoin. The asset has been officially registered as a cross-border payment token, positioning Dubai’s USD-based digital settlement system among the few global infrastructures
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals Paid Members Public
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals “Who needs 6 million dollars in cash?” — asked the Governor of the Bank of Thailand, when outlining the upcoming regulatory changes. ➡️ Background: a few days ahead of local elections, authorities identified two cash withdrawal transactions totaling USD 12 million.
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals Paid Members Public
📢Thailand🇹🇭: the Central Bank plans to tighten rules governing cash withdrawals “Who needs 6 million dollars in cash?” — asked the Governor of the Bank of Thailand, when outlining the upcoming regulatory changes. ➡️ Background: a few days ahead of local elections, authorities identified two cash withdrawal transactions totaling USD 12 million.
🎉 Thailand🇹🇭: local fintech holding SCBX develops a virtual bank with KakaoBank🇰🇷 and WeBank Technology Services🇨🇳 Paid Members Public
🎉 Thailand🇹🇭: local fintech holding SCBX develops a virtual bank with KakaoBank🇰🇷 and WeBank Technology Services🇨🇳 Who is involved in this partnership and how the project will operate❓ Detailed overview ➡️ The virtual bank model, introduced by the Bank of Thailand, allows financial institutions to operate exclusively through digital platforms without physical