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Hong Kong to begin licensing stablecoin issuers in August 2025

Hong Kong will begin licensing stablecoin issuers starting August 1, 2025. This move is part of the region's efforts to regulate the cryptocurrency market and ensure compliance with financial standards. The initiative aims to foster innovation while maintaining financial stability.
StartupNews.fyi
HKG
Regulatory & Legal, News Article
10:35 06.06.2025

egypt introduces standardized reporting framework to boost startup investment transparency

Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA), in collaboration with venture capital firms and Visible.vc, has launched a standardized portfolio reporting framework for startups and investors. This initiative aims to establish common metrics and reporting formats to address inconsistent data practices in the growing startup ecosystem. The platform, expected to be fully operational by mid-2026, will enhance transparency and operational efficiency, ultimately attracting more foreign direct investment.
Fintechnews Middle East
EGY USA Mazen Nadim
Finance & Economy, News Article
10:30 06.06.2025

Chinese electric vehicle firms pursue Hong Kong IPOs for global expansion

Chinese electric vehicle firms, including Chery Automobile and Seres Group, are preparing for initial public offerings in Hong Kong to attract global investors and expand their international presence. This shift reflects changing investment patterns amid US-China tensions, with Hong Kong emerging as a key IPO hub. China's dominance in the EV market, highlighted by significant growth and market share, continues to draw international interest despite broader market challenges.
Tech in Asia
United States Dollar Contemporary Amperex Technology Co. Ltd. Huawei Technologies CO. Ltd. Hesai Group Seres Group Co. Ltd. CHN HKG USA Yiting Bonnie Chan Show more
Business & Industry, News Article
10:20 06.06.2025

Amazon lays off employees in books division amid industry workforce trends

Amazon has laid off fewer than 100 employees from its Books division to enhance operational efficiency, offering affected workers full pay and benefits for 60 to 90 days along with severance. This move aligns with a broader trend in the publishing industry, which has seen a 40% decline in jobs over three decades despite revenue growth, as companies adapt to technological changes and shifting consumer preferences. Similar workforce adjustments are occurring across major tech firms, reflecting ongoing challenges in establishing sustainable business models for digital content.
Tech in Asia
USA
Business & Industry, News Article
10:10 06.06.2025

Swiggy stock surges 9 percent marking best week of 2025

[Bloomberg]
Tech in Asia
IND
Finance & Economy, News Article
10:00 06.06.2025

tech giants carbon emissions rise 150 percent driven by ai advancements

Carbon emissions from major tech companies surged by 150% from 2020 to 2023, driven by AI advancements and increased data center energy use. Amazon, Microsoft, Meta, and Alphabet saw significant rises in emissions, highlighting a troubling trend in the tech sector's environmental impact. As data centers' electricity consumption is projected to reach 945 TWh by 2030, this growth poses challenges to global climate goals, exacerbated by a lack of regulatory oversight for AI emissions.
Tech in Asia
Amazon.com Inc. Microsoft Corporation Corp. Alphabet Inc. ARG CHL BOL JPN USA Show more
Environment & Sustainability, News Article
09:50 06.06.2025

Egyptian fintech startup raises 7 million for global stablecoin banking expansion

Limited, a US-based fintech startup founded by Egyptian entrepreneur Hussein Ahmed, has raised $7 million in seed funding to expand its stablecoin-based global banking services. The platform, which integrates self-custody security with traditional banking functionality, is accessible in 176 countries and supports over 300 local payment methods. This funding will enhance growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, addressing the demand for secure, borderless financial services.
Fintechnews Middle East
United States Dollar Euro BRA MEX IDN PHL VNM THA EGY ARG USA Show more
Finance & Economy, Press Release
09:48 06.06.2025

MPs call for government review of bank branch closures

MPs are calling on ministers to initiate a review of recent bank branch closures. This move aims to address concerns over the impact of these closures on local communities and access to banking services. The urgency of the review reflects growing dissatisfaction among constituents.
StartupNews.fyi
Politics & Governance, News Article
09:42 06.06.2025

crypto advocates seek software developer protections in upcoming legislation

The crypto lobby is advocating for the inclusion of software developer protections in upcoming cryptocurrency legislation. This push aims to ensure that developers are safeguarded as the regulatory landscape evolves, highlighting the importance of their role in the industry’s growth and innovation.
StartupNews.fyi
Regulatory & Legal, News Article
09:41 06.06.2025

PhonePe acquires Gupshup's GSPay to enhance UPI access for feature phones

PhonePe has acquired Gupshup’s GSPay to enhance UPI services for feature phone users. This strategic move aims to expand digital payment accessibility in India, catering to a broader audience and promoting financial inclusion.
StartupNews.fyi
IND
Finance & Economy, News Article
09:26 06.06.2025
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