A live cross-currency transaction involving tokenized JPY and SGD deposits was also successfully conducted alongside a simulated exercise that involved buying and selling tokenized government bonds. T...
Tag: Singapore
Boris Johnson Becomes Keynote Speaker of Blockchain Conference in Singapore
Vladislav Sopov Former British PM will hold keynote speech at International Symposium on Blockchain Advancements in Singapore on Dec. 2 Contents Boris Johnson, Dick Cheney become keynote speakers at D...
Singapore bank DBS uses DeFi to trade FX and state securities
DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank. DBS has started a trading test of foreign exchange (FX) a...
Circle, Paxos secure regulatory approval from Singapore financial watchdog
On Nov. 2, the Monetary Authority of Singapore (MAS) approved Paxos’ license and granted in-principle approval to Circle. Paxos is the issuer of Paxos Standard (USDP) and the co-issuer of Binance USD ...
Singapore Starts Two New Token Pilots With Standard Chartered, HSBC and Others
“By transforming trade assets into transferable instruments, we aim to improve the accessibility to an asset class – which has largely been the domain of banks – with participation from a broader rang...
A Number of Renowned Speakers are Expected to Take Part in Blockchain Fest Singapore 2023
[Singapore] Marina Bay Sands Convention Center, Singapore, the place that has been chosen by FINEXPO to hold Blockchain Fest 2023. The event will be held on 16-17 February 2023 starting at 10 AM Singa...
Singapore Exploring Tokenized Fiat and Smart Contracts
DBS, a Singapore-based financial services business, is collaborating with Open Government Products, a Singapore government IT team, to establish a live test for the issue of purpose-bound money-based ...
Crypto.com to offer self-issued Visa Card in Singapore
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 ...
Terra CEO Do Kwon facing yet another Lawsuit in Singapore next hearing on Wednesday
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DBS launches programmable money live pilot for Singapore government vouchers
Singaporean multinational banking firm, DBS, has partnered with Open Government Product (OGP) to unveil the pilot of purpose-bound money-based vouchers. In its Monday press release, the banking leade...
Do Kwon faces $57-million lawsuit in Singapore
Kwon and others made fraudulent claims on UST LUNA Price at the time of writing – $2.47 The claimants are seeking compensation for roughly $57 million Along with the Luna Foundation Guard (LFG) and Te...
Singapore Housing Market Defies Global Downturn And Curbs Amid Soaring Rents
Singapore’s skyline is reflected in a pool of rainwater on February 8, 2022. ROSLAN RAHMAN/AFP via Getty Images The growth in Singapore home prices accelerated to 3.8% in the third quarter to re...
Billionaire Wee Cho Yaw’s UOB Profit Jumps As Bank Poised To Takeover Citibank Franchise In Southeast Asia
Wee Ee Cheong, chief executive officer of United Overseas Bank Ltd. (UOB), attends a news conference … [+] in Singapore, on Friday, Feb. 22, 2019. Photographer: Ore Huiying/Bloomberg © 2019 Bloo...
Singapore Government Wants to Prohibit Retail From Borrowing Funds for Crypto
The instability of prices can cause consumers to incur massive losses Stablecoins must be pegged to the Singapore dollar The government of Singapore has proposed a new set of regulations to protect co...
Terra’s Do Kwon Faces $57 Million Lawsuit in Singapore For Financial Fraud ⋆ ZyCrypto
Advertisement     A fresh lawsuit has been initiated in Singapore against embattled Terra Form labs CEO Do Kwon, the Luna Foundation Guard (LFG) and Terra founding par...
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and T...
Blockchain Fest Singapore 2023 – The Cryptonomist
[Singapore] Marina Bay Sands Convention Center, Singapore, the place that has been chosen by FINEXPO to hold Blockchain Fest 2023. The event will be held on 16-17 February 2023 starting at 10 AM Singa...
Singapore Crypto Regulations Won’t Deter Biggest Bank
The Singapore stock exchange is to launch a new crypto asset platform with the country’s DBS Bank becoming the first customer. SGX’s MaxxTrader will operate MaxxDigital, which was known for institutio...
Is Singapore shooting itself in the foot on crypto restrictions?
Is the balance of power in crypto about to change in Asia as Singapore looks to crack down at the same time as Hong Kong seeks to open up? When China introduced its very comprehensive crypto crackdown...
Singapore Retreat Will Be Hong Kong’s Gain in Crypto Sector
There’s a major rejig set to happen in Asia’s retail crypto landscape. While on one hand, Singapore is retreating from its crypto-friendly status, Hong Kong is making fresh moves to establish itself a...
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says – Regulation Bitcoin News
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...
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restricti...
Singapore Financial Regulator Seeks Stakeholder Input On Proposals For Digital Payments ⋆ ZyCrypto
Advertisement     On October 26, 2022, the Monetary Authority of Singapore (MAS) released two consultation papers namely, the Proposed Regulatory Measures for Digital ...
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules – Regulation Bitcoin News
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 ...
Singapore Wants to Prohibit Retail From Borrowing Funds for Crypto Investing: Report
Singapore authorities have proposed a new set of regulatory measures to oversee the use of digital assets in the country and protect consumers. The country’s central bank and financial regulator, the ...
MAS Seeks to Ban All Forms of Crypto Credits in Singapore
The Monetary Authority of Singapore (MAS) has issued a new set of guidelines in its characteristic manner to tame the risks inherent in the crypto industry to retail consumers. The MAS said Digital Pa...
Singapore MAS to Ban Crypto Credits to Control Token Trading
14 seconds ago | 2 mins read Bitcoin News Both consultation papers seek to reduce consumer trading risks. The second consultation paper offers suggestions for Singapore’s stablecoin regulatory framewo...
Singapore to Ban Retail Investors From Borrowing to Fund Crypto Purchases
The Monetary Authority of Singapore (MAS), the country’s central bank, is proposing a new measure that will prohibit retail investors from borrowing to fund crypto asset purchases, as part of its effo...
Singapore Proposes Ban On Crypto Trading, But There’s A Catch
The Monetary Authority of Singapore (MAS) on Wednesday published two consultation papers proposing regulatory frameworks to reduce investors’ risk in crypto trading and support stablecoins for transac...