Crypto

Singapore, Hong Kong, Japan emerge as test beds for stablecoin payment networks

Asia is emerging as the first large-scale testing ground for stablecoin payment and settlement networks. Singapore, Hong Kong and Japan are building regulatory zones that allow stablecoins for payments and settlement under supervision. Singapore has included firms such as Circle and Coinbase as major payment institutions. Hong Kong has started licensing fiat-backed stablecoin issuers and granted its first licences. Japan has expanded its crypto travel rule requirements for transfers.

Telecommunications & Media

U.S. Republicans target South Korea\'s \'false information law\', say it threatens free speech

Republican lawmakers on the U.S. House Judiciary Committee sent a letter to South Korea’s broadcasting and communications regulator seeking details on enforcement of amendments to the Information and Communications Network Act, often dubbed a fake news law. They said the measure could be used to target politically inconvenient views and threaten online speech. South Korea has said the amendments protect citizens from illegal, manipulated false information.