China warns foreign spies about crypto, Singapore dominates Asia: Asia Express

China warns would-be foreign spies crypto isn’t as anonymous as they think and that authorities are watching the blockchain. South Korea finally warms up to crypto market makers.

• China's Ministry of State Security has issued a warning against foreign spies using cryptocurrencies, stating that transactions are traceable on the blockchain and are not as anonymous as perceived.
• Singapore's crypto activity surged by 55.4% to $284 billion, outperforming a regional contraction and solidifying its position as a major crypto hub, largely driven by institutional activity.
• South Korea is considering a market-making system for digital assets to improve efficiency and stability, following a significant price deviation of a yen-backed stablecoin due to limited liquidity.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Regulatory sandboxes pilots, Enforcement actions litigation, Ethereum evm l 1 s

Tags: #china #crypto #espionage #spies #blockchain #singapore #southkorea #marketmakers #stablecoin #binancepay

Read more

Crypto(dot)com Partners With KG Inicis for Korea Tourist Payments

Under the agreement, Crypto(dot)com Pay will be integrated across the KG Inicis merchant network, covering both physical retail locations and online platforms.

• Crypto.com Pay is integrating with KG Inicis, a major South Korean payment gateway, to enable foreign tourists to use digital assets for payments across the country.
• This partnership aims to facilitate economic activity with digital assets, offering merchants settlement in fiat or digital currencies and expanding Crypto.com's reach.
• The move aligns with a broader trend of countries adopting crypto payment solutions for tourism, following similar initiatives in Bhutan and Thailand.

Topics: Payment system integration, Jurisdictions, Institutional adoption, Stablecoin payments remittances, Emerging hubs, Payment network integration

Tags: #cryptocompay #kginicis #southkorea #touristpayments #digitalassets #paymentgateway #merchantnetwork #fiatsettlement #cryptopayments #binancepay

Read more

Stablecoins como capa de liquidación: qué revela el informe de Binance Research más allá de sus cifras

El nuevo informe de Binance Research sobre stablecoins describe la madurez del sector, pero sus cifras de dominio revelan otra intención.

• Binance Research's report highlights stablecoins evolving from trading tools to a financial settlement layer, with significant weekend transaction volumes comparable to Visa.
• The report emphasizes attractive on-chain yields (2-4%) and tokenized treasury returns (3.42%) significantly outperforming traditional savings rates, driving adoption.
• Despite presenting industry maturation, the report implicitly showcases Binance's dominant market share in stablecoins and traditional finance perpetuals, raising questions about centralization risk.

Topics: Asset types, Scalability, Institutional adoption, Stablecoins digital cash, Growth metrics, Asset manager initiatives

Tags: #stablecoins #binanceresearch #settlementlayer #digitaldollar #onchainyield #tokenizedtreasuries #financialinfrastructure #marketshare #inflationhedge #binancepay

Read more