7 / 9 Relevant items tagged with #Singapore

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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.

Crypto​.com joins ranks of licensed payment institutions in Singapore

[Jun 1, 2023 2:41 AM] Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services.

Crypto.com Receives Digital Token License in Singapore

[Jun 1, 2023 2:30 AM] The exchange received in-principle approval in Singapore last June.

Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare

[May 28, 2023 10:21 PM] Temasek wrote down the entirety of its investment in FTX in November.

NY Fed and MAS publish joint CBDC cross-border payment project results

[May 19, 2023 1:16 PM] The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency.

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

[May 13, 2023 8:00 PM] The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei…

Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

[May 10, 2023 6:41 AM] DBS Bank’s crypto trading platform has been attracting more institutional investors due to crypto exchanges that collapsed last year.

Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves

[May 8, 2023 1:30 AM] Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to…

Coinbase remains '100% committed' to US market: Armstrong

[May 4, 2023 11:26 PM] The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

FTX investor Temasek pours $10M in algorithmic currency system Array

[May 1, 2023 7:29 AM] The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin.

Majority of creditors want Hodlnaut liquidated

[Apr 25, 2023 12:15 PM] Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August.

Algorand Foundation Among Creditors Opposing Restructuring of Troubled Crypto Exchange Hodlnaut

[Apr 25, 2023 8:53 AM] Several of the largest creditors of troubled Singaporean crypto exchange Holdnaut have indicated that the want the company to be placed in liquidation as opposed to a restructuring, according to an announcement.