The news comes after China's biggest company reported a second straight quarterly sales drop, hit by the economic slowdown and China's regulatory crackdown.

FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange

Korean tech groups SK Hynix and LG Display joined US tech giants in reporting big slowdowns in growth and warning things are going to get worse, fanning recession fears.

Central banks from Hong Kong, Thailand, China and the UAE issued CBDCs worth $12m on BIS’ mBridge platform to test cross-border transfers to and from commercial banks and foreign exchanges

The likes of Rokid, Thunderbird Innovation and Nreal have all released new smart-glasses products this year, Pandaily said

The Reserve Bank of India said in a paper this month that the 'e-rupee' will have "limited pilot launches" next fiscal year, Nikkei said.

Investigators from South Korea's Fair Trade Commission raided Apple's office in Seoul last week to look into claims the tech giant charged developers excessive App Store fees

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

COO Alex Hungate, a veteran of the financial services, logistics and food sectors, has spearheaded a push away from low-margin business lines as Grab races to turn profitable.

Only 19 per cent of applications were approved, with Chinese citizens prohibited from participating in leading blockchains overseas

More than half of the 2.39 million Indian accounts banned by WhatsApp in July were 'proactively' taken down before complaints were received, the company said in a report

Russian tourists have been using Chinese credit cards to withdraw cash from automatic teller machines in Finland since Covid border restrictions eased on July 1