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Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator
2.11.2022
Paxos, issuer of the USDP stablecoin, can offer crypto products and services in Singapore after securing the license under the nation's Payment Services Act
Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC
1.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase...
Gulf Xellence announces the much-awaited annual “Global Tech Innovation Summit & Awards” on March 8th & 9th, 2023 in Singapore
1.11.2022
Summit Overview: Where Technology Transforms Lives! Following the success of the first edition Global Tech Innovation Summit in UAE, where tech pioneers, crypto projects, VC’s, Business entrepreneurs, and individual investors gathered to discuss Blockchain, Crypto, Cyber Security, DeFi...
CBDC: Indian Central Bank Begins Digital Rupee Pilot
1.11.2022
The Reserve Bank of India (RBI), the country’s central bank, has started a pilot program of its digital currency today, in cooperation with nine banks. It also released a Concept Note on Central Bank Digital Currency (CBDC) for India.
Bloomberg reported that “several lots of bonds were traded,”...
Crypto.com to offer self-issued Visa Card in Singapore
1.11.2022
Crypto.com has officially become an Associate Programme member in Singapore with plans to soon self-issue Visa cards to its users in Singapore. However, this further deepens the global partnership of Crypto.com and Visa, with the best reach to customers across the globe. Visa Cards issued...
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
31.10.2022
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
31.10.2022
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
31.10.2022
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut...
Monetary Authority of Singapore Completes Phase 1 of CBDC Project, With More Trials to Come
31.10.2022
The first part of the project found that there was no urgent need for a retail CDBC, although the bank said it wanted to be prepared in case that changes
Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
31.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain...
Singapore-Based Digital Marketplace Alta Acquires Hg Exchange
31.10.2022
HG Exchange is a digital securities exchange that uses blockchain technology to make it easer to put money into alternative investments
EU crypto sanctions against Russia has an unexpected enforcer
31.10.2022
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
28.10.2022
The lawsuit alleged Kwon and others made fraudulent claims on UST "either well knowing that they were false and untrue, or recklessly not caring whether they were true or false."
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
28.10.2022
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore...
Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets
28.10.2022
According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong’s family offices and high-net-worth individuals have invested in digital assets. Reports suggest the info shows the crypto market downturn has not diminished the super-rich’s...
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
27.10.2022
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore...
Monetary Authority of Singapore May Introduce Risk Test Before Permitting Cryptocurrency Trading
26.10.2022
Source: AdobeStock / martinhosmat083 Singapore’s retail investors may have to take a risk awareness test to be allowed to trade crypto, in order to ensure that they have sufficient knowledge of the risks involved.  Citing two consultation papers published on Wednesday, the CNA reported...
Singapore MAS proposes to ban cryptocurrency credits
26.10.2022
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested
Singapore Central Bank Proposes Stablecoin Rules to Reign in Crypto Sector
26.10.2022
In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets
KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto
25.10.2022
“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested...