Tag Archives: Asia

Stay Out of Petty Island Disputes in East Asia

Posted on by

eland_ivan_100x1331

“Although it is true that of the more numerous East Asian contenders, only China has such weapons, the United States has formal alliance commitments to defend three of the countries in competition with China over the islands—the Philippines, Japan, and South Korea—and an informal alliance with Taiwan. Unbeknownst to most Americans, those outdated alliances left over from the Cold War implicitly still commit the United States to sacrifice Seattle or Los Angeles to save Manila, Tokyo, Seoul, or Taipei, should one of these countries get into a shooting war with China.  The United States just interjected itself by flying B-52 bombers through this air space to support its ally Japan.”

http://www.independent.org/newsroom/article.asp?id=4822

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Is War With China Inevitable?

Posted on by

“China has stopped future increases of dollar forex holdings, and has cut the use of the dollar in bilateral trade agreements with multiple countries.  Oil-producing nations are shifting alliances to China because it is now the world’s largest consumer of petroleum. And, China has clearly been preparing for this eventuality for years. So, given these circumstances, how can the U.S. government conceive of confrontation with the East? Challenging one’s creditors to a duel does not usually end well. At the very least, it would be economic suicide. But perhaps that is the point. Perhaps America is meant to make this seemingly idiotic leap.”

http://www.alt-market.com/articles/1866-is-war-with-china-inevitable

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Taiwan Welcomes New Year with Bitcoin Warning

Posted on by

“The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan. The regulators said bitcoin remains volatile, that it does not have any legal protection, and that it is not issued by a monetary authority.  The regulators noted that bitcoin trading is highly speculative and that investors should be wary of volatility, cyber attacks, malicious defaults, theft and other risks.  The regulators also announced that they may take ‘necessary steps’ if financial institutions engage in bitcoin operations.”

http://www.coindesk.com/taiwan-welcomes-new-year-bitcoin-warning/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Robocoin, The Bitcoin ATM, Is Heading To Hong Kong And Taiwan

Posted on by

“The first shipping bitcoin ATM, Robocoin, is landing in Hong Kong and Taiwan as the company expands its reach this January. They are planning further releases in Europe, Canada, and the US but, given Asia’s clout in the BTC markets, this is definitely an interesting development. The first Robocoin landed in Vancouver where it’s been a big hit and we wanted to see how things have been going for the company since launch in October.”

http://techcrunch.com/2014/01/02/robocoin-the-bitcoin-atm-is-heading-to-hong-kong-and-taiwan/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Insatiable appetite for gold fuels India’s smuggling industry

Posted on by

“Indian gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security. Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country. Sri Lanka, Thailand and Singapore are the latest hotspots as authorities crack down on travellers from Dubai, the traditional source of smuggled gold.”

http://www.thestar.com/business/economy/2013/12/27/insatiable_appetite_for_gold_fuels_indias_smuggling_industry.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

India Tax Bureaucrats Visit Coinmonk Ventures Office

Posted on by

“Today I had about 15 guys from IRS visiting the office headed by Mr. Nethrapal (IRS, Deputy director, Income tax department – Investigation wing, Bangalore). Out of that two guys (including Mr. Nethrapal) had attended bitcoin conference on dec 15th. They had emailed me to get the free passes but had failed to identify themselves that they are from I T department.  As soon as they came, they searched entire office for any records they may find and also took interview from employees and have searched their computers. They also asked me lot of questions about the business we are doing and income we are earning and the income tax that is being paid.”

https://www.unocoin.com/news.php

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Thailand extends security law in response to mass opposition protests

Posted on by

“A senior official in Thailand says a special security law has been extended for two more months to cope with mass opposition protests aimed at overthrowing Prime Minister Yingluck Shinawatra.  The protests – aimed at curbing the political influence of Yingluck’s family – have left five people dead and more than 200 wounded in street violence, although tensions have abated recently.  The special law, known as the Internal Security Act, was widened a month ago to cover the whole of Bangkok and nearby areas. It gives the police additional powers to block routes, ban gatherings, carry out searches and impose a curfew, although not all the measures have been used.”

http://www.abc.net.au/news/2013-12-25/an-thai-security-law/5174896

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Meet Laxmicoin, the desi bitcoin

Posted on by

“As regulatory glare intensifies on bitcoins due to possible money laundering, cyber security and other risks, over five dozen other virtual currencies have come under the scanner and include a desi version by name of ‘laxmicoin’.  NRIs living abroad are expected to be dealing with bitcoins in a big way.  While four-year old bitcoin shot to prominence with its per unit value soaring past $1,200 level recently, the heavy interest in such cryptocurrencies has led emergence of namesakes like Ripple, Litecoin, Mastercoin, Nxt, Dogecoin etc. There is laxmicoin, which its promoters term as India’s very own digital currency and claim it would be launched soon.”

http://www.deccanchronicle.com/131230/news-businesstech/article/meet-laxmicoin-desi-bitcoin

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

ED officials raided two bitcoin trading firm in Ahmedabad

Posted on by

“Days after the RBI issued a cautionary note regarding the use of popular virtual currency Bitcoin, Enforcement Directorate officials here raided two companies running Bitcoin transactions in India.  ED officials told ET that on Thursday raids were conducted on the offices of rBitco.in and buysellbitco.in. This is India’s first bitcoin raid and second globally after FBI conducted the raid in October, they said.  As per the sources, the owners of the both the bitcoin trading firm would be booked under FEMA Act initially. However, after detail investigation of the data collected, if any havala transaction or criminal nature transaction is detected then they would be booked under the appropriate Act.”

http://articles.economictimes.indiatimes.com/2013-12-27/news/45626789_1_one-bitcoin-bitcoin-transactions-peer-to-peer-payment-network

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Peripheral bitcoin services like BitPay safer investment than bitcoin?

Posted on by

“Asia’s richest businessman Li Ka-shing has invested in BitPay, the digital currency equivalent for PayPal, through his venture capital arm Horizons Ventures.  A spokeswoman for Horizons Ventures declined to comment on the details of the investment. Bitpay said it was ‘fortunate to have the benefit of many supportive investors, including Horizons Ventures.’  BitPay, founded in May 2011, currently handles transactions for 14,000 companies across 200 countries. About half of the transactions take place in the United States, 25 per cent are in Europe and 25 per cent in the rest of the world. Asia is among the top regions where BitPay is signing up new companies.”

http://www.scmp.com/business/banking-finance/article/1390224/peripheral-bitcoin-services-bitpay-safer-investment-bitcoin

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet