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Singapore-Based Crypto Investment Firm Cake Group Files for Liquidation
7.12.2023
Source: Pixabay Singapore-based Cake Group, the parent company of crypto platform Bake, is winding up its company and has filed for liquidation. According to a Tech in Asia report, the founder of the crypto investment platform U-Zyn Chua has applied to wind up the Cake Group at a Singapore High...
Singapore, China to Begin Piloting Digital Currency in Tourism Spending Push
7.12.2023
Source: AdobeStock / Proxima Studio Singapore’s regulatory body the Monetary Authority of Singapore (MAS) plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending. The two countries first signed a Memorandum...
Digital Asset Exchange DigiFT Secures CMS and RMO License from Singapore Monetary Authority
5.12.2023
Image Source: iStock/MasterLu DigiFT, a decentralized exchange for digital assets, has obtained a capital markets services (CMS) license from the Monetary Authority of Singapore (MAS). The license allows DigiFT to engage in capital markets activities, including dealing in securities and units...
Ravi Menon: Singapore's Middle Way Regulator
4.12.2023
Singapore's central bank head has steered a path between Hong Kong's embrace of crypto and India's stifling of it
VIP Binance Traders Reportedly Heard of DOJ Settlement in September
1.12.2023
A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report. An exclusive dinner According to the report published by Bloomberg, a number of Binance’s...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report
1.12.2023
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million
HYFI 2024 Singapore: Beyond boundaries: Web3, AI, and the future of technology
1.12.2023
HYFI 2024 Singapore, an exclusive one-day future-tech event, is set to take place on March 07, 2024 at the prestigious ONE°15 Marina. With the tagline “Beyond boundaries: Web3, AI, and the future of technology,” this conference aims to bring together leaders and innovators in the fields...
SEBA Bank Rebrands to AMINA Bank, Shoots for Global Expansion
1.12.2023
Crypto-friendly Swiss-based SEBA Bank AG has announced its new brand identity: AMINA Bank AG. According to the press release shared with Cryptonews, the rebrand will not affect the bank’s current clients “other than encountering the new name.” It stated that, “All operations will be business...
Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus
29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...
Zipmex proposes to pay creditors 3 cents per dollar
29.11.2023
The proposal came as a part of a restructuring offer from the embattled Thai crypto exchange that owes its customers $97 million
Today in Crypto: Hong Kong Will Use ‘All Available Methods’ to Fight Crypto Scams, Americans are ‘Much More Open to Potential of Crypto Than Brits’
28.11.2023
Source: AdobeStock / Vitalii Vodolazskyi Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Regulation news Hong Kong authorities may give regulators more power to fight cryptocurrency scams and will...
Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License
28.11.2023
The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to compliance.” Alchemy...
JPMorgan, Apollo plan for enterprise mainnet, execs reveal
28.11.2023
The ‘enterprise mainnet’ provides the scalability to add applications to a network that already has a KYC-compliant set of institutional banks, broker-dealers and asset managers
Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies
28.11.2023
Source: PIxabay Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene. Menon outlined his vision for the future monetary system, highlighting three...
Singapore to restrict retail crypto speculation with new rules
24.11.2023
According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and the fear of missing out (FOMO) on good returns
Atletico Madrid Sues Singapore’s Crypto Exchange Over Unpaid $44 Million Sponsorship
24.11.2023
Source: AFP Atletico Madrid, the renowned Spanish football club, is suing Singapore-based crypto exchange WhaleFin, following the unexpected termination of its $44 million shirt sponsorship deal. The football club is seeking $24 million in damages, citing crypto exchange WhaleFin’s alleged...
Singapore’s Blockchain-Powered ADDX Exchange Lists AI-Enabled Equities Funds
24.11.2023
Source: Pexels Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform. This fund, which uses machine learning to optimize investment strategy and returns, aims for a compound annual growth...
Alchemy Pay Announces U.S. Expansion, Iowa Licensing
23.11.2023
Singapore-based Crypto-fiat payment solution, Alchemy Pay, announced further expansion into the U.S. market through their acquisition of a Money Services License in Iowa on Thursday morning. Dedication to compliance “We are thrilled to announce that we have obtained a Money Services License...
Singapore Proposes Rules to Tighten Crypto Speculation in Retail Markets – Here’s the Latest
23.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets. In a recent publication, the Central Bank released amended regulations for digital payment token providers and related...