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PortuguêsMAS said that the company had assets under management in excess of the permitted amount, and provided false information. The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital…
Continue ReadingBybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the…
Continue ReadingA state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes. Central bank digital currencies (CBDCs) do not…
Continue ReadingCrypto trading platform Crypto.com has received a license approval from the Monetary Authority of Singapore. Crypto.com is a major exchange looking to expand its operations to the South-East Asia market…
Continue ReadingThe cryptocurrency exchange will get a Major Payment Institution License from the country’s top financial regulator. Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore…
Continue ReadingTop DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price…
Continue ReadingSingapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister…
Continue ReadingThe project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits. The Monetary Authority of Singapore (MAS) has launched…
Continue ReadingAccording to a study called “A World of NFT Adoption” published by nftclub.com, the United States has the most non-fungible token (NFT) company headquarters in the world. While the U.S.…
Continue ReadingADDX uses blockchain technology and smart contracts to tokenize and fractionalize private markets, including pre-IPO equity, private equity, and hedge funds and bonds. ADDX, a blockchain and smart contract-based digital…
Continue ReadingOfficial records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do…
Continue ReadingSingapore was once a haven for cryptocurrency enthusiasts but now the government is tightening its reins and restricting the use of digital assets. Nonetheless, restaurants in Singapore continue to accept…
Continue ReadingConsidering the higher risk involved in cryptocurrency, the Monetary Authority of Singapore (MAS) has tightened the procedure to approve a crypto license for digital asset providers, making the regime a…
Continue ReadingThe Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be…
Continue ReadingIndependent Reserve’s survey revealed a strong affinity for various financial opportunities brought forward by decentralized finance and other investment opportunities. As Singapore continues to play an active role in boosting…
Continue ReadingCrypto Accept allows online sellers to accept BTC and ETH before expanding to other digital assets next year. Nium, a cross-border payments firm based in Singapore, has announced the launch…
Continue ReadingOnce known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March. Global banking giant HSBC Holdings has rolled out its metaverse investment…
Continue Reading“We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets,” said Alvin Tan. The Singaporean government has…
Continue ReadingCertain Coinbase users will need to disclose recipient information when sending cryptocurrencies to non-Coinbase wallets. Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from…
Continue ReadingGlobal regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms. Amid the United States and the European Union…
Continue ReadingA new investment fund, El Zonte Capital hopes to bring the Bitcoin Beach experience to the whole world. Controversial journalists and podcasters Max Keiser and Stacy Herbert joined forces with…
Continue ReadingThe stablecoin issuer said the regulatory approval would help support its partners in expanding services into Asia. The Monetary Authority of Singapore, or MAS, has granted stablecoin issuer Paxos regulatory…
Continue ReadingCake DeFi Ventures will fund crypto startups across Web3, the Metaverse, the NFT space, gaming, esports and fintech spaces that complement the company’s core business. Singapore-based decentralized finance (DeFi) services…
Continue ReadingPrior to the latest approval, Sygnum Singapore was only allowed to offer asset management activities with its CMS license. Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding…
Continue ReadingIn a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that…
Continue ReadingDBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors. DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current…
Continue ReadingIn 2021, investments in Singapore’s fintech sector increased by 47% year on year to $3.94 billion. Nearly half of the funds were raised through blockchain and cryptocurrency, with $1.48 billion…
Continue Reading2021 was a highlight year for the cryptocurrency industry, with rapid growth noted not just in the asset market, but also in the infrastructure surrounding it. Big 4 accounting firm…
Continue ReadingEqonex previously said it was engaged in discussions on the potential merger or takeover options in late 2021. The Nasdaq-listed digital assets financial services company Eqonex has launched a new…
Continue ReadingRunning a crypto business is no easy job. And running a crypto exchange might seem like an impossible job to do. Founded in 2019 in Singapore, Phemex has been operating…
Continue ReadingKPMG forecasts that Singapore‘s crypto investment will remain strong this year with increasing regulatory scrutiny. Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up…
Continue ReadingZuellig Pharma’s eZTracker platform is using the SAP blockchain to track and verify COVID-19 vaccinations. Singaporean healthcare services provider Zuellig Pharma is using a blockchain-based network to track COVID-19 vaccinations…
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