New Crypto Exchanges Launch in Hong Kong, Korea, Indonesia

The cryptocurrency ecosystem continues to grow with the addition of some new crypto exchanges in Hong Kong, Korea, and Indonesia. Bitone Trade HK, affiliated with a Japanese publicly listed company, will support 30 cryptocurrencies. Huobi Indonesia will list 123 coins and new Korean exchange Probit will list 157 coins. Also read: 160 Crypto Exchanges Seek to … Read more

Huobi Launches Partner Exchanges in Russia, Philippines, Taiwan, Indonesia, Canada

Chinese exchange Huobi and its partners are launching cryptocurrency exchanges in five regions: the Philippines, Russia, Taiwan, Indonesia, and Canada. Partners “share Huobi’s order integration system, wallet system, asset management and clearing systems.” The exchange in Manila has launched with trading in three markets with over 40 trading pairs. Also read: Yahoo! Japan Confirms Entrance Into … Read more

The Daily: Coinbase Forms Political Action Committee, EY Acquires Crypto Patents

In The Daily on Saturday, crypto exchange Coinbase has formed a political action committee to raise funds for US elections. Also, Ernst & Young has announced the acquisition of crypto technology and patents, and Indonesian crypto POS terminal maker Pundi X is looking to expand in South Korea with a new partnership. Also read: Minsk … Read more

Japan’s Line Launching Exchange With 30+ Cryptocurrencies in All but Two Countries

The operator of Line, Japan’s most popular chat app with approximately 200 million users worldwide, has confirmed the upcoming launch of its cryptocurrency exchange called Bitbox. The new platform will list more than 30 of the most popular cryptocurrencies, offering “low trading fees”. Supporting 15 languages, the new exchange will launch globally, except for two … Read more

Indonesia Plans to Give Bitcoin Legal Status as a Commodity

Regulatory developments involving cryptocurrencies are always worth keeping an eye on. In Indonesia, there has been a lot of confusion regarding the future of Bitcoin and similar currencies. The Trade Ministry’s Futures Exchange Supervisory Board has finally rendered a verdict in this regard. Cryptocurrencies are commodities, regardless of what the country’s central bank may think. … Read more

Crypto Point-of-Sale Devices Begin Roll-Out in Indonesia Despite Ban

A network of cryptocurrency enabled Point-of-Sale (POS) payment devices has begun to spread in Indonesia, despite the ban by the central bank. Pundi X is laying the groundwork for Indonesian merchants to accept cryptocurrencies immediately after the rules are changed.    Also Read: Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF) POS Roll-Out Begins Pundi X, … Read more

Cryptocurrency Infused Islamic Microfinance Fund Launches in Central Java

This week the firm Blossom Finance announced the open enrollment for an Islamic microfinance fund that will accept multiple cryptocurrencies such as BCH, ETH, and BTC. Investors will focus on socially responsible opportunities, and receive profit sharing from Blossom’s network of microfinance partners in the province of Central Java, Indonesia through a partnership with the … Read more