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Latest: Fintech News

South Korea Set to Triple Arms Exports in Two Years – Nikkei
South Korea Set to Triple Arms Exports in Two Years – Nikkei

The country's arms exports are expected to top $10 billion this year, nearly triple the sales from 2020, Nikkei said

Chinese Banks Test Digital Yuan for Cross-Border Settlements
Chinese Banks Test Digital Yuan for Cross-Border Settlements

Five state-owned banks took part in a CBDC trial focused on cross-border transactions, the Bank for International Settlements (BIS) said.

Canberra Says Optus Should Pay for New Passports After Hack
Canberra Says Optus Should Pay for New Passports After Hack

Australian minister says Optus should replace passports for victims of a massive data breach, which the government blames on the phone company's "cybersecurity failures"

Meta Removes China Propaganda Aimed at US Midterms
China’s ByteDance to Add Four Directors to Board – SCMP
US Lawmakers Seek Power to Block Investment in China
China Firms Work on Alternatives to Nvidia Auto Chips – TechCrunch
China Arrests 93 for Laundering Billions in Crypto – Pandaily
Former Chicago Student Convicted of Spying For China – Tribune
Philippines to Deport 40,000 Chinese in Gambling Crackdown

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Asia Fintech insights, analysis, and guides from Asia Financial’s market and new economy experts.
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Fintech: The Big Picture

Can China Take Place of SWIFT System? Analysts Say ‘No’

There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions