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Asian financial hubs are updating stablecoin regulations and companies like Ant Group plan to become issuers, driven by US' embrace of dollar-pegged stablecoins (Bloomberg)

Bloomberg : Asian financial hubs are updating stablecoin regulations and companies like Ant Group plan to become issuers, driven by US...

3 August 2025

Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (Kai Schultz/Bloomberg)

Kai Schultz / Bloomberg:
Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth  —  The US Treasury says this Cambodian conglomerate has laundered at least $4 billion for clients including North Korean hackers and transnational crime groups.

Posted from: this blog via Microsoft Power Automate.

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