BlockFin Asia 2016: FinTech Meets ‘Entrepreneurial’ Vietnam
Bitcoin.com wanted to get an inside look into the upcoming BlockFin Asia 2016 event in Ho Chi Minh City through the eyes of one of its organizers Dominik Weil of the broker exchange Bitcoin Vietnam. Weil explains how the event was conceived and how things are going within the Vietnam borders concerning financial technology and blockchain solutions.....
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The emerging fintech and cryptocurrency industry in Asia received a major portion of total VC funds during the thrid quarter of 2016. Asia is an emerging economic power, thanks to the growth of some of the major countries in the continent. Staying true to its economic progress, the continent is also turning out to be an attractive market for the fintech industry. According to a recent report published by KPMG – one of the “big four” audit firms in the world, the Asian continent was the largest recipient of venture capital in the fintech and cryptocurrency technology sector during the third....
U.K. FinTech startups raised $173 million across 16 deals in Q4 2016, an increase of $95 million from Q3, according to a report from CB Insights. The report, The Global FinTech Report Full Year 2016, from the company which tracks venture capital investment, looked at FinTech venture capital across markets in Europe, Asia and North America. The results found that investment within financial technology firms had risen by 122 percent between October and December 2016 with the number of deals taking place increasing by 33 percent. Despite an increase in U.K. financial technology investment....
Investment in Chinese FinTech continued at a pace in 2016 despite markets in other countries experiencing a slowdown in the sector. It’s reported that during the first nine months of 2016, FinTech investments doubled in China, which was partly due to funding rounds completed by Ant Financial, JD Finance and China’s Lufax, reports the China Money Network. The report states that in the first three-quarters of 2016, global financial technology investments accounted for US$18 billion, just down from the US$19 billion that was invested in the previous year. According to a report by City Asia....
Bitcoin continues to grow in Vietnam with last week's launch of the country's first live open-order book trading bitcoin exchange, VBTC. The new company is the result of an international merger between the operators of Vietnam's first bitcoin broker exchange BitcoinVietnam, and Israeli exchange technology startup Bit2C Ltd. Other team members hail from Germany, Singapore and the US. CEO of Bitcoin Vietnam Co. Ltd., Nguyen Tran Bao Phuong, told CoinDesk the Southeast Asian region had seen rapid grown in bitcoin infrastructure in the past months, with the Philippines probably leading the....
Vietnam has had a particularly rocky relationship with bitcoin. Just a few months ago, the country was shattered by an alleged Ponzi scheme surrounding bitcoin activity. Promises were made that ultimately weren’t kept, and several people lost money that could have otherwise gone to much smarter and loftier purposes. There have been several warnings about bitcoin in Vietnam since it first arrived on the scene. Like Russia, the nation has sought to keep a safe distance, believing it likely stirs up trouble and related criminal activity, though remittance systems via bitcoin are present all....