Asia
💃 Hong Kong 🇭🇰 Plans to Exempt Hedge Funds and Ultra-Rich Individuals from Cryptocurrency Taxes Paid Members Public
💃 Hong Kong 🇭🇰 Plans to Exempt Hedge Funds and Ultra-Rich Individuals from Cryptocurrency Taxes An unprecedented act of generosity: tax exemptions will extend to private loans, foreign properties, and carbon credits. ➡️ The goal is to create the most favorable environment possible to attract foreign assets. ➡️ The government has initiated six-week consultations
💰 "Alibaba E-Commerce Business Group" to Merge Chinese 🇨🇳 and International Platforms Paid Members Public
💰 "Alibaba E-Commerce Business Group" to Merge Chinese 🇨🇳 and International Platforms Alibaba has consolidated its operations under a unified administrative structure by restructuring its business model. ▶️ Specifically, Taobao and Tmall Group will merge with the Alibaba International Digital Commerce Group, which oversees cross-border services like the popular AliExpress, the
⚡️ Singapore's DBS Bank🇸🇬 launches the UnionPay Diamond Multi-Currency Debit Card Paid Members Public
⚡️ Singapore's DBS Bank🇸🇬 launches the UnionPay Diamond Multi-Currency Debit Card It seems that no similar products currently exist in the world. ▶️ The card enables direct payments in 14 currencies, including HKD, RMB, AUD, CAD, DKK, JPY, NZD, NOK, SGD, SEK, CHF, GBP, USD, and EUR, with no conversion
📱 Mastercard plans to eliminate passwords and manual card data entry by 2030 Paid Members Public
📱 Mastercard plans to eliminate passwords and manual card data entry by 2030 T — Tokenization, B — Biometrics. And goodbye to one-time codes for online payments. A Mastercard study reveals that nearly 2 out of 3 shoppers struggle with entering their card details manually, and 25% of shopping carts are abandoned due
📱Mastercard launches Pay Local service to expand card payments Paid Members Public
📱Mastercard launches Pay Local service to expand card payments Mastercard's new solution aims to cater to consumers who use local digital wallets, eliminating the need for creating or reloading prepaid accounts. ▶️ What’s new❓ — The service integrates Mastercard with major digital wallet providers such as Alipay and Weixin
💃Visa expands cross-border QR payment options in Asia Paid Members Public
💃Visa expands cross-border QR payment options in Asia 📱Visa is strategically partnering to launch a cross-border QR payment pilot program in Singapore🇸🇬, with plans to expand across Asia by 2025. 🔄 Key Integrations: Visa has teamed up with leading QR payment providers such as Lakala (Mainland China🇨🇳), Touch 'n Go
💣 South Korea 🇰🇷: Crypto Exchanges Shutting Down, Raising User Concerns Paid Members Public
💣 South Korea 🇰🇷: Crypto Exchanges Shutting Down, Raising User Concerns With multiple crypto exchanges closing down, many investors are anxious about their assets being frozen under government regulation. However, citizens can find some reassurance‼️ ▶️ The primary impact appears to be on platform operators. Since the start of the year, 11 exchanges
⚠️ Macau 🇲🇴: Gambling Regulations Tighten Paid Members Public
⚠️ Macau 🇲🇴: Gambling Regulations Tighten The new legislation addresses several activities, including unauthorized money exchanges in casinos, promotion of unlicensed online gambling, mutual betting, and unauthorized loans for gambling. ▶️ This initiative to strengthen gambling laws follows high-profile cases that led to the imprisonment of junket operators, signaling that China 🇨🇳 supports these