The Securities Commission said previously that Binance is operating a “fraudulent scheme” that promises unreasonable returns.

Experts predict the Chinese e-yuan to be available nationwide after the Beijing 2022 Winter Olympics. Across Asia, other nations are also developing their own CBDCs.

Binance faces potentially hefty financial penalties in Thailand, and the company’s staff could be jailed.

Southeast Asia is one of the most rapidly digitalizing regions in the world, with 70% of the region’s population online in 2020, according to the report.

Bank Negara Malaysia, the central bank, is set to award up to five digital banking licenses in the first quarter of 2022.

Media tablets, headsets, water filters, deep fryers, and air treatment products were among the products that registered the highest growth.

SCI Ecommerce, which counts Lazada and Shopee as clients, assists brands and merchants set up and manage digital stores in Southeast Asia and China.

Real estate portal follows Grab and Gojek with Southeast Asia’s latest megadeal.