USDC Coin (USDC) stablecoin issuer Circle has received in-principle approval from The Monetary Authority of Singapore (MAS) to offer digital payment services in Singapore, according to a press release...
Tag: Singapores
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore (MAS) has wrapped up the first stage of its Project Orchid examination of a retail central bank digital currency (CBDC). According to the white paper released on Oc...
Hong Kong Prepares To Take Over Singapore’s Retail Crypto Sector
The growth and increasing cryptocurrency adoption have brought different reactions in many places. Some are entirely embracing the industry and its numerous opportunities with innovative ideas. But so...
Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets – Featured Bitcoin News
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 su...
58% Of HK and Singapore’s Wealthy Individuals Already Own Crypto, Study Shows
We’re so early, sure, but Singapore and Hong Kong’s high-net-worth individuals seem to be advancing at a faster pace. That’s according to “Investing in Digital Assets – Family office and high-net wor...
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are ...
FinAccel Becomes Singapore’s Newest Unicorn After Canceling SPAC Merger, U.S. IPO Plans
Akshay Garg, cofounder and CEO of FinAccel. Courtesy of FinAccel Singapore-based FinAccel—the parent of Indonesia’s buy now, pay later (BNPL) platform Kredivo—has become the city-state’s newest unicor...
Terra Do Kwon Demolishing Singapore’s Crypto Friendly Reputation?
Singapore considered as the tax haven for cryptocurrencies has taken a huge hit as many big digital asset related firms collapsed this year. However, Singapore earlier decided to harden its stance on ...
Singapore’s SATS To Buy Worldwide Flight Services For $1.1 Billion To Create Biggest Air Cargo Handler
SATS Ltd. workers tow a cool dolly loaded with cargo from a Singapore Airlines cargo aircraft at … [+] Changi Airport in Singapore, on December 16, 2020. Lauryn Ishak/Bloomberg SATS Ltd. has agr...
Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub
Despite the ongoing, macroeconomic turbulence, Jeff Dorman, chief investment officer at crypto fund manager Arca, took issue with “the convenient narrative” that ties “digital assets...
Chinese Crypto Billionaire Jihan Wu Buys Singapore’s Fort Knox
Jihan Wu owned crypto mining firm, Bitdeer Technologies, bought a maximum-security vault, Le Freeport in Singapore. Wu purchased Le Freeport for $28.4 Million and made the business expansion into the ...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million – Bitcoin News
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. B...
Singapore’s Largest Bank To Now Provide Crypto Trading Services To Select Users
The post Singapore’s Largest Bank To Now Provide Crypto Trading Services To Select Users appeared first on Coinpedia Fintech News Singapore’s largest bank – DBS Group Holdings Ltd. –...
Singapore’s DBS Bank Opens up Crypto Trading to ‘Accredited’ Investors
DBS Group Holdings Ltd. has opened up its cryptocurrency trading services on its digital exchange DDEx to an additional 100,000 of its most affluent clientele. The bank will allow accredited clients w...
Singapore’s GIC To Buy Stake In Sani/Ikos In Deal Valuing Luxury Resort Group At $2.3 Billion
An aerial view the Sani Resort in Greece. Courtesy of SIG Singaporean sovereign wealth fund GIC has agreed to buy a stake in Greece’s Sani/Ikos Group (SIG) in a deal that values the operator of luxury...
Singapore’s Whampoa Group Unveils $100M Crypto Venture Fund
12 seconds ago | 2 mins read Bitcoin News The size of the fund will be increased by Whampoa Digital in the future. The company is seeking to tap the growing market for digital assets. Whampoa Group, S...
Singapore’s Whampoa Group Raises $50M for Crypto Hedge Funds
According to Bloomberg, Singapore-based asset management firm Whampoa Group plans to raise $50 million for a crypto hedge fund and has announced plans to set up a venture capital fund to invest in dig...
Singapore’s Whampoa Group Announces $100M Venture Fund for Crypto Investments
Singapore’s asset manager Whampoa Group plans to set up a venture capital fund and a crypto hedge fund for investments in digital assets. Upon early estimations, the company intends to allocate $100 ...
Singapore’s DBS Inks Partnership With The Sandbox
Singapore’s largest bank DBS announced a partnership with Ethereum-based gaming platform The Sandbox to design an interactive metaverse experience – DBS BetterWorld – as part of its broader roadmap t...
Call Center Tycoon Laurent Junique Debuts On Singapore’s 50 Richest
This story appears in the September 2022 issue of Forbes Asia. Subscribe to Forbes Asia Laurent Junique Courtesy of TCDX This story is part of Forbes’ coverage of Singapore’s Richest 2022. See the ful...
Singapore’s DBS Bank Announces Crypto Expansion for Its Rich Clients
Singapore’s largest bank DBS is targeting rich clients, spread across Asia, to offer its crypto services. A fresh report by Financial Times shows that Singapore’s largest bank DBS may be looking to ex...
Singapore’s largest bank DBS to offer crypto services to 300,000 investors
Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported. The leading bank receive...