GCR

Top News in Asia from Monday through Wednesday Nov 19-22nd

Exchange Huobi creates new committee to work with China’s communist party. The company finds that “it was necessary to implement” Communist Party principles and policies into private companies and maintain its foothold in China: http://bit.ly/2A5xiG9

OKEx has pushed back against allegations made by Hong-Kong based trading firm Amber AI over its early settlement of bitcoin cash futures contracts last week, right before the BCH hard fork. http://bit.ly/2S76mgD

Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. http://bit.ly/2KoxTHA

Deals and Funds

Hong Kong-based blockchain startup AERGO has raised $30 million in venture funding from investors including Sequoia Capital China, GBIC and Neo Global Capital. http://bit.ly/2Klsj8O

China-based blockchain venture capital firm Fenbushi Digital has invested in San Francisco-based  blockchain startup Dispatch, which will help the company engage and capitalise on key strategic opportunities throughout Asia. http://bit.ly/2Ks3FDK

Cobo, a crypto wallet startup headquartered in Beijing, has raised a $13 million Series A to enter new international markets, led  by Danhua Capital and Shuanghu Capital: http://bit.ly/2S6nP90

Coin and Token News

NEO founder Da Hongfei’s Interview with WSJ’s Neanda Salvaterra at Web Summit Lisbon. http://bit.ly/2Kq6Yek

RippleNet is expanding its network of banks by adding Malaysia’s CIMB Group to its fold: http://bit.ly/2DzdvlF

Exchange News

Binance Labs invests $3mn in US over-the-counter Crypto trading desk Koi Trading. http://bit.ly/2zmHM4j

Co-founder and CEO and of the world’s sixth largest bitcoin mining pool F2Pool, believes Bitcoin “halving” 2020 will have very little impact on the Bitcoin ecosystem: http://bit.ly/2DwFLWa

Regulation News

Monetary Authority of Singapore, the country’s central bank, has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. http://bit.ly/2KpQItZ

Thailand’s Democrat Party, the country’s main opposition party, has become the first major political party in the world to carry out primary elections entirely on a blockchain, using a live e-voting system powered by the Zcoin blockchain: http://bit.ly/2qZuOER

Singapore Exchange has clarified the rules for publicly listed companies planning to conduct initial coin offerings: http://bit.ly/2BnxBxR

Quartz updates that the government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works: http://bit.ly/2KkE6UZ

Bank of Thailand governor: No central bank digital currency within 3-5 years: http://bit.ly/2OQgrfK

Business News

According to BitMEX Research, Bitcoin cash hash war costing  as much as $6.1 million in gross revenue in lost revenue: http://bit.ly/2zhNOTW

China’s IT ministry calls for ‘Acceleration’ of blockchain standardization, arguing that the development of a reference blockchain architecture standard is of crucial importance for guiding the selection and application of blockchain systems across diverse domestic industries: http://bit.ly/2QU3dQR

Korea’s largest power provider KEPCO corp with a $15.9 billion market cap says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid: http://bit.ly/2KifHPR

The Malaysian Ministry of Education is turning to blockchain technology and using NEM blockchain to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country: http://bit.ly/2qUimGs