Ant Group and JD.com are jointly pushing for the People's Bank of China's approval to launch a yuan-pegged stablecoin in Hong Kong, aiming to break the current dominance of dollar-backed stablecoins in the international market.According to a Reuters report on July 3, sources revealed that these two
The "DGCX Xin Kang Jia" virtual currency platform, which illegally operated under the name of "Dubai Gold & Commodities Exchange," recently collapsed suddenly, causing millions of investors to lose huge investments. According to a report by Beijing Business Today, online messages indicate that the p
As the NBA Summer League is about to kick off, Detroit Pistons guard Malik Beasley remains at the center of a federal gambling investigation. According to ESPN, Beasley is the third NBA player to be investigated in recent years, following former Raptors center Jontay Porter, who was permanently bann
Recently, Cambodia's visa policy for Chinese citizens has continued to tighten, attracting the attention of many travelers and Chinese residents in Cambodia. According to feedback from several locals, the immigration and customs have become stricter in reviewing entry materials. Incomplete documents
Recently, the Philippine police launched a raid at the Paranaque Integrated Terminal Exchange (PITX) in Paranaque City, arresting 12 public transport workers suspected of illegal online gambling. The police noted that these drivers, suspected of losing money in gambling, subsequently raised passenge
Philippine Supreme Court Justice Marvic Leonen recently criticized the national "double standards" in gambling laws in a ruling, pointing out that the enforcement of the law is class-biased and severely erodes social fairness.The case originated from two men who were charged with gambling for playin
According to the Bangkok Post, a Malaysian man suspected of operating an illegal online gambling platform and laundering over 11.5 billion Thai Baht (approximately 314 million USD) within Thailand was arrested by the Thai Immigration Bureau upon his arrival at Bangkok's Don Mueang International Airp
As Myanmar's Myawaddy and Cambodia's Poipet have successively encountered severe crackdowns, Chinese telecom fraud gangs are quietly shifting their bases to the Osmach port in Oddar Meanchey Province, Cambodia. According to Thai media, this area, adjacent to Surin Province in Thailand, is becoming a
Following the issuance of an arrest warrant and the freezing of domestic assets by Thai police for Cambodian nobleman Kun Sorn, Thai public opinion has once again focused on another heavyweight figure from Cambodia—Ly Yong Phat, known as the "King of Lords." This casino magnate, who spans both polit
To implement the call from Prime Minister Hun Manet for "purifying the online environment and maintaining the national cultural image," the Cambodian Ministry of Culture and Fine Arts has collaborated with multiple departments to regulate content on social platforms that is "overly sexy" and violate
Another storm in the Philippine political and business circles! Tony Yang (Antonio Lim), the notorious Chinese businessman and brother of former President Duterte's economic advisor, was arrested on the spot after arriving at Pasay Airport on the evening of July 9, and was transferred to the Pasay d
The cryptocurrency asset management company Grayscale recently received approval from the U.S. Securities and Exchange Commission (SEC) to convert its digital large-cap fund, which includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), into an exchange-traded fund (ET
The Economic Crime Suppression Division of Thailand launched a nationwide operation called "Bye Bye Dark Wallets", raiding 10 suspected locations in Bangkok, Nonthaburi, and Pathum Thani, focusing on shutting down 5 illegal electronic wallet companies, exposing a large Chinese money laundering netwo
Recently, the police in Surat Thani Province, southern Thailand, successfully cracked down on a hidden illegal football betting den. The local special action team "ท่าเพชร assault team" joined forces with the police to raid a private residence on Kalong Lek Road, arresting a man suspected of operati
In response to the recent hype by Thai media about the arrest of "Pobei Boss" Fu Guoan, the Cambodian government quickly clarified on July 9, denouncing the reports as false rumors. The Cambodian side emphasized that Fu Guoan is currently in Pobei, has not been subjected to any law enforcement actio
Design software company Figma revealed in its IPO filing to the U.S. Securities and Exchange Commission (SEC) that it holds nearly $70 million in Bitcoin ETF shares and plans to invest $30 million in purchasing Bitcoin (BTC).According to the document, Figma invested $55 million in the Bitwise Bitcoi