Metaplanet equity backlash, SE Asia crypto funding doubles: Asia Express
Shareholders of Bitcoin treasury company Metaplanet are seething over equity allocations for insiders, while new figures cement Singapore’s role as the top Asian crypto hub.
Singapore leads Asia as a top crypto hub, hosting 2,285 of the 3,957 blockchain companies in the region and accounting for 82.5% of all blockchain equity funding. Citi aims to provide Japanese firms with near-instant international payments via blockchain infrastructure. Indian agricultural lender Arya.ag is testing a system to tokenize warehouse receipts on Avalanche layer-1.
US authorities seized $52 million in crypto linked to scam marketplace Xinbi Guarantee. Circle will acquire Singapore-based payment company Tazapay for $400 million. South Korea's SFC introduces a three-phase roadmap for tokenized securities, including legal recognition for institutional funds and phase two expansion to all publicly offered securities.
India's FIU issues non-compliance notices to offshore VASPs for alleged AML failures. Thailand's Webull Securities acquires Pi Securities for $100 million, following Hong Kong's rejection of Boyaa's crypto jersey sponsorship deal.
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