01 Jul, 22
Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.
It’s a week full of crypto-related news. We obviously need to talk about the US$600 million lost by Axie Infinity, the popular play-to-earn game powered by blockchain technology.
But also, we’re looking at Indonesia’s plan to tax crypto assets and how more regulators in Southeast Asia are taking a not-too-welcoming stance on cryptocurrency.
Let’s dive in.
Featured image credit: Yannick van der Schot/Unsplash