Thailand is reining in decentralized finance, while forging ahead with its own central bank digital currency to maintain control over digital transactions.
ByteDance has reduced its India team to 1,000 employees, but sources close to the company affirm that it is “very much staying put in the country with plans to make a comeback.”
The amount of raised capital and deals dropped slightly in 2020, but there are more than one reason to be optimistic for Southeast Asia’s startup ecosystem.