Latest: Fintech News
Letters to Nvidia and AMD last month telling them to stop shipment of chips used for language processing and nuclear weapons research are likely precursors to new rules, official says
The semiconductor shortage, which forced some carmakers to halt production, put a spotlight on chip powerhouse Taiwan and made supply chain management a priority for governments
The country's arms exports are expected to top $10 billion this year, nearly triple the sales from 2020, Nikkei said
Five state-owned banks took part in a CBDC trial focused on cross-border transactions, the Bank for International Settlements (BIS) said.
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 said it disrupted a China-based influence operation using Facebook and Instagram accounts with political content aimed at users in the US ahead of the midterm elections
The proposal comes as pressure mounts on ByteDance over TikTok's 'excessive' harvesting of users' data, which could be shared with Chinese authorities.
Democrat leaders are among a bipartisan group who urged Biden to issue an order to "safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries."
A group of Chinese chip companies is seeking to provide alternatives to advanced chips made by top foreign chip designers such as Nvidia
The group has been buying crypto with illicit funds and selling it in US dollars for a profit. Police have frozen $42 million in connection with the case, Pandaily said.
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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SemiconductorsChinese Firms Close in on High-End AI Memory Chips Coup
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Southeast AsiaHong Kong Poised to Green-Light First Spot Bitcoin ETFs
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Fintech: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan 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
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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