ASIA|REGULATION Updates
China Reduces US Treasury Holdings Amid Trade War Escalation
The U.S. Department of the Treasury revealed that China reduced its exposure to U.S. debt in March, selling close to $19 billion in Treasuries. This reduction was recorded in March as the trade confli...
Sonic Labs Wins Court Order to Liquidate Multichain Foundation
Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Co...
Hong Kong’s fintech ambitions keep lawyers busy on policymaking and deals
Law firms have been advising on fintech regulation to keep pace with innovation in digital assets
Hong Kong Enacts Article 23 Subsidiary Legislation with 7-Year Jail Term, 6 Prohibited Sites, and Police Blocking Journalists
Hong Kong has enacted new subsidiary legislation under its homegrown national security law, specifically strengthening Article 23. The legislation imposes a maximum jail term of seven years for disclo...
Trump Supports Crypto, Believes in AI, Aims to Make U.S. Crypto Capital
President Donald Trump has publicly expressed his support for cryptocurrency, stating, 'I'm a big crypto fan.' This declaration underscores his administration's stance on digital currencies. Trump als...
US cuts China tariffs to 30% as China cuts its tariffs on US to 10% temporarily
The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. This is...
BREAKING: Trade Deal Secured Between the US and China in Geneva
The White House announced that the United States and China have reached an agreement in major trade talks in Geneva. “I am pleased to report that we have made significant progress in the very importan...
Russia–China Foreign Trade Near Dollar-Free: Almost All in Rubles, Yuan
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, conducting transactions in rubles and yuan as de-dollarization reshapes global economic power structures. Almost All...
Netizens slam Bessent’s claim that crypto needs U.S. leadership
Crypto enthusiasts and digital rights advocates have taken to social media to lambast United States Secretary of the Treasury Scott Bessent’s assertion that the global crypto industry “needs American ...
Microsoft DeepSeek Ban: Urgent Security Concerns Revealed
In the rapidly evolving world where technology giants increasingly intersect with geopolitical concerns, a significant development has emerged regarding how major corporations manage AI tools. For tho...
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