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Asia and Australia: Crypto and Blockchain News Roundup, 24th to 30th August 2018

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Asia and Australia: Crypto and Blockchain News Roundup, 24th to 30th August 2018

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Asia and Australia

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

Japan

Actress takes role with Tokyo police to fight crypto fraud and cyber crimes: Japanese singer and celebrity actress Rie Kitahara has appeared in a public awareness campaign against cyber crime and crypto fraud in the country.

The campaign was an event that included 1,700 guests and focused on cyber crimes like phishing and fake websites. The police department is currently cooperating with big exchanges in the country including SBI Virtual Currencies, Bitflyer, Bitpoint Japan, GMO Coin, Bittrade, Quoine, Bitbank, Btc Box, Money Partners and Coincheck.

South Korea

Government hosts blockchain awareness hackathon: The South Korean government has announced that it will be holding a Blockchain Grand Hackathon Challenge in partnership with Korea IT Industry Promotion Agency (KIPA) and the Ministry of Science and Technology.

The hackathon challenge announced last week is a chance for blockchain developers to create solutions for social issues, distributed apps and create innovations for public and private industries. Participants will have until 28 September to sign up for the hackathon. The tournament also has a prize pot of KRW 100 million (USD 90,450).

North Korea

Government to host Pyongyang blockchain conference: The North Korean government in a first, is expected to announce a blockchain conference in the capital of Pyongyang later this year.

While North Korea is usually in the crypto news for the wrong reasons, the government has probably decided it is time to start opening up the country in anticipation of ending of tough sanctions against the country. There is little news regarding the event overall and its agenda, however.

India

Government considering rupee-backed digital currency to combat rising fiat cost: The Indian government and the Reserve Bank of India are deliberating the introduction of a rupee-backed cryptocurrency in the country to lower the burden of printing paper money and coins that is creating a crisis.

According to Financial Services company EY India’s Manesh Makhia:

“The idea of a central bank-issued digital currency is very promising though issues around digital counterfeiting will need to be addressed.”

The issues started with demonetization in the country that resulted in 99.3% of the money being returned to the bank with just over INR 100 billion left in the market. A rupee-backed cryptocurrency will surely solve many solutions for the country according to reserve bank officials.

Cambodia

Oxfam to trial blockchain app to help Cambodian farmers with pricing rice: Oxfam International has said that it is piloting a blockchain-based farming project that aims to help rice farmers get a fair price for their produce.

There are over 50 rice farmers already on board for the project which is dubbed Blocrice. Oxfam aims to pilot test the project and then introduce it across the country.

Malaysia

Crypto Expo Asia to be held in Malaysia: The “mega event” Crypto Expo Asia will be held in Malaysia this year, bringing blockchain professionals from across the world in the Southeast Asian nation.

The event is being organized by FINEXPO, an influential fintech company in the area and aims to bring a real show. Over 30,000 crypto enthusiasts, investors, traders, innovators and pioneers are expected to attend the event.

Hong Kong

Hong Kong looking for blockchain professionals: Hong Kong is increasing its support for blockchain development and innovation in the country and is on the lookout for more industry professionals to focus on the DLT side of things.

A talent list issued by the government of Hong Kong lists DLT skills as new professions that it needs for future development of vital industries.

Australia

Government may develop nationwide blockchain platform: The Australia Commonwealth Scientific and Industrial Research Organization (CSIRO) announced that a data consortium has been launched with the help of IBM and law firm Herbert Smith Freehills for building a nationwide blockchain smart contracts platform for Australian businesses to collaborate and do business with.

The platform will be called Australian National Blockchain (ANB) and is being presented as a future game-changer in the future. The pilot project will start using the IBM Blockchain.

 

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