News with the tag "asia"

Asian currencies face pressure from the US Federal Reserve's high interest rates and China's economic weakness, with the Japanese Yen showing unexpected strength due to potential policy shifts by the Bank of Japan.

Indonesia has reclassified cryptocurrency as a 'financial asset' and introduced new tax regulations, including higher transaction and mining taxes, while removing VAT on crypto purchases, to boost revenue and align with global trends.

Hong Kong fintech startup RD Technologies raised $40 million in a Series A2 funding round to advance its plans, including applying for a stablecoin issuer license in Hong Kong.

The article discusses the anticipation of the Federal Reserve's rate decision and its potential impact on the US Dollar, Asia FX markets, and the cryptocurrency sector.

The Asia FX outlook faces significant pressure due to a stronger US dollar, influenced by Federal Reserve policies and Bank of Japan decisions, impacting regional currencies and emerging markets.

Bitget faces regulatory scrutiny in Australia for offering unlicensed 125x leveraged crypto futures, exceeding the country's 2:1 limit, while continuing to expand globally despite regulatory challenges.

Asia FX markets are closely monitoring upcoming Fed and BOJ rate decisions and US-China talks, which will significantly influence global currency trends and economic stability.

Vietnam has launched NDAChain, a national blockchain platform, to secure digital data infrastructure by 2025, operated by the Ministry of Public Security’s Data Innovation and Exploitation Centre.

The Asia FX market shows resilience with weekly gains despite initial dips, influenced by trade progress and cooling Tokyo CPI, while facing risks from global uncertainties.

The US-Japan trade deal has significantly boosted the Japanese Yen and Korean Won, reflecting improved global trade sentiment and investor confidence in Asian economies.