7 / 9 Relevant items tagged with #Singapore

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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.

China and Singapore team up to scale green and transition financing

[Apr 22, 2023 9:44 PM] China and Singapore will collaborate “on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low carbon future for our countries and the region.”

UK may have crypto regulation within a year, says senior minister

[Apr 18, 2023 8:23 PM] The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.

Zipmex requests 2-month extension from Singapore court for restructuring plan

[Apr 18, 2023 3:00 PM] A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues.

Crypto Exchange Luno to Withdraw From Singapore

[Apr 18, 2023 6:23 AM] Luno has informed the Monetary Authority of Singapore (MAS) that it is withdrawing its license application.

Crypto lender Babel gets extended creditor protection in Singapore

[Apr 18, 2023 2:49 AM] Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…

Crypto Exchange Bitrue Suffers $23 Million Hack

[Apr 14, 2023 10:30 AM] Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to…

Bitcoin Miner Bitdeer Stock Slumps Nearly 30% at Trading Debut

[Apr 14, 2023 7:45 AM] The Singapore firm is one of the largest bitcoin miners in the world with 16.2 EH/s of hashrate.

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

[Apr 13, 2023 1:30 AM] According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining…

Singapore to introduce uniform screening standards for crypto bank accounts

[Apr 6, 2023 1:51 AM] Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment.

Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg

[Apr 6, 2023 12:43 AM] Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

[Apr 3, 2023 2:30 AM] The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this…

Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court

[Mar 30, 2023 9:35 AM]

Circle prefers reserves and payment rails with the Fed, says exec

[Mar 29, 2023 4:25 AM] Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.

Singaporean women ‘outperforming’ men in crypto trades, survey reveals

[Mar 28, 2023 5:00 PM] The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto.

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

[Mar 26, 2023 12:30 PM] According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being…

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

[Mar 19, 2023 11:30 AM] Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and…

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.

Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities

[Mar 6, 2023 5:07 AM] Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.