6 / 9 Relevant items tagged with #Singapore

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3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship

[Aug 1, 2023 2:45 PM] As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency.

US Second in World by Debt per Citizen, Rare Bitcoin Block Reward Awakens, BRICS Summit Invites — Week in Review

[Jul 30, 2023 5:30 AM] A recent study has shown that Singapore, the U.S., and Japan rank highest in the world by debt per citizen, according to United Nations data. In other news, a rare 2010 Bitcoin block reward has awakened after 13 years of dormancy, and the BRICS…

Singapore High Court rules crypto personal property, compares it to fiat money

[Jul 26, 2023 3:43 AM] The judge didn’t see any difference between crypto, fiat money or shells as long as all those objects, physical or not, share value created by mutual faith in them.

Singapore High Court Declares Crypto as Property in Case Involving Bybit

[Jul 26, 2023 2:08 AM] The ruling held that a crypto asset is a “thing in action” enforceable via court orders.

TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With Over 10,000 Attendees

[Jul 24, 2023 11:00 PM] PRESS RELEASE. SINGAPORE — TOKEN2049, Asia’s premier Web3 and crypto conference, has announced its first batch of high-profile title sponsors and headline speakers for its much-anticipated Singapore return. TOKEN2049 will take place…

Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win

[Jul 24, 2023 5:30 AM] Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…

Singapore, US With Highest Public Debt per Capita, China Most Indebted in BRICS: Study

[Jul 23, 2023 3:30 AM] Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen…

Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss

[Jul 13, 2023 2:30 AM] Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in…

From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10

[Jul 10, 2023 2:00 PM] South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023.

Singapore Implements New Crypto Regulations Targeting Custody, Lending, Staking

[Jul 3, 2023 8:00 PM] Singapore has implemented new regulations for crypto service providers in a bid to enhance investor protection and maintain market integrity within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) will also restrict lending…

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

[Jul 3, 2023 2:31 PM] The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.

Singapore to require crypto firms to put user assets into trusts by year-end

[Jul 3, 2023 6:22 AM] MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones.

Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End

[Jul 3, 2023 2:42 AM] Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year.

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

[Jun 28, 2023 2:30 PM] Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.

Japanese and Singaporean regulators join forces on crypto pilot project

[Jun 27, 2023 10:30 AM] “Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.

3AC liquidators look to recoup $1.3B from founders

[Jun 27, 2023 9:45 AM] The report came exactly one year since a court in the British Virgin Islands ordered Three Arrows Capital into liquidation.

Crypto Hubs 2023: Where to Live Freely and Work Smart

[Jun 27, 2023 5:57 AM] With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.

Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset

[Jun 27, 2023 5:41 AM] A fintech hub turned early crypto adopter, Singapore raised billions through ICOs. Cue parties on yachts and at luxury villas. But after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital, the No. 2 spot in CoinDesk’s…

United States Plunges in Economic Freedom Rankings, Study Reveals

[Jun 26, 2023 3:30 PM] American television presenter and author, John Stossel, released a video on June 20, 2023, where he delved into the findings of a recent study on global economic freedom. Conducted by the Heritage Foundation and unveiled in late February, the…

Singapore central bank reports on tokenized asset network models after trials

[Jun 26, 2023 12:45 PM] Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.

Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks

[Jun 26, 2023 5:26 AM] Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across financial asset classes.

Crypto.com receives regulatory approval to offer crypto services in Spain

[Jun 23, 2023 4:55 AM] The latest regulatory approval for the crypto exchange comes within weeks of acquiring a major payment institution license from regulators in Singapore.

Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore

[Jun 21, 2023 8:08 PM] Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies.

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

Singapore MAS proposes digital money standards with major industry players

[Jun 21, 2023 8:13 AM] The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins.

Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto'

[Jun 20, 2023 10:30 AM] The crypto exchange has already announced efforts to expand into Canada and Europe amid a lawsuit from the United States Securities and Exchange Commission.

Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth

[Jun 20, 2023 8:21 AM] The company plans to expand in Asia-Pacific (APAC), a region it sees as driving the “next wave of growth for crypto.”

3AC liquidators file motion to hold Kyle Davies in contempt

[Jun 15, 2023 2:22 PM] Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance with a subpoena.

Circle is latest recipient of Major Payment Institution license in Singapore

[Jun 7, 2023 2:33 PM] The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com.

Stablecoin Issuer Circle Receives Digital Token License in Singapore

[Jun 7, 2023 1:16 AM] The issuer of USDC received in-principle approval in November last year.