While the cryptocurrency market still reels from the carnage it went through over the past couple of weeks, some financial authorities are starting to take a tougher posture in regulating the space, i...
Tag: Singapores
Singapore’s MAS Grants CryptoCom In-Principle Approval
The leading digital asset exchange – CryptoCom – received in-principle approval from the Monetary Authority of Singapore to provide a variety of payment services within the Asian city-state. The regul...
Coinbase To Invest in Singapore’s Zipmex following Acquisition Talks
US crypto exchange Coinbase has opted to make strategic investments in Zipmex, a digital asset exchange based in Singapore. Early this year, Coinbase was planning to acquire Zipmex. But local media r...
Singapore’s ADDX Recognizes BTC, ETH, USDC for Onboarding of Accredited Investors
ADDX, a private market trading platform backed by Singaporean exchanges, will recognize bitcoin, ether, and USDC holdings of investors for granting “accredited investor” status to them. Onboarding of ...
Singapore’s Cake DeFi Pays Record $317 Million in Rewards to Customers
June 7, 2022 – Singapore, Singapore Cake DeFi, the fastest-growing Singapore-based decentralized finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The company annou...
Singapore’s DeFi platform Cake DeFi pays over $317 million is user rewards
Asian countries are leading the way ahead of their competitors as the most sought-after venues for cryptocurrency adoption. Cake DeFi, the Singaporean decentralised finance (DeFi) platform with the fa...
Singapore’s Cake DeFi Pays Record US$317 Million in Rewards to Customers
Singapore, Singapore, 7th June, 2022, Chainwire Cake DeFi, the fastest-growing Singapore-based Decentralized Finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The c...
Singapore’s Deputy Prime Minister Bearish On Crypto Following Luna’s Crash
Heng Swee Keat, the deputy prime minister of Singapore, who is also currently serving as the coordinating minister for economic policies warned retail investors to keep cryptocurrencies at arm’s lengt...
Singapore’s Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi – Coinotizia
The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMor...
Singapore’s Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi – Regulation Bitcoin News
The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMor...
JPMorgan’s Selected by Singapore’s Central Bank For DeFi Project
7 hours ago | 2 mins read Editors News JPMorgan Chase and Singapore’s DBS Bank are among the large banks collaborating on the project. Onyx has processed over $300B in digital tokens since its launch ...
Singapore’s MAS has a digital asset tokenization plan with ‘Guardian’
According to a statement by Deputy Prime Minister Heng Swee Keat, the Monetary Authority of Singapore (MAS) has unveiled Project Guardian. This will be a collaborative endeavour with the financial ind...
Singapore’s Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies – Regulation Bitcoin News
Singapore’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...
Singapore’s MatchMove Buys E-Commerce Startup Shopmatic In $200 Million Deal
Shopmatic provides small businesses with an e-commerce presence. Getty Images Fintech company MatchMove has acquired e-commerce startup Shopmatic in a $200 million deal to create an end-to-end service...
NUS Computing Joins Forces with TZ APAC to Develop Singapore’s Next Generation of Tech Innovators
SINGAPORE, SG, 10th May, 2022, Today, TZ APAC, the leading Asia-based blockchain adoption entity supporting the Tezos ecosystem, announced a partnership with the National University of Singapore Schoo...
Singapore’s Distaste for Retail Crypto is Spooking Institutional Money
“There’s a fascinating discussion to be had about whether what Hwang did was full-blown fraud, but I won’t bother trying to outdo Matt Levine on that front. Instead, I want to focus on the finan...
BNY Mellon Enters Singapore’s Digital Assets Market With BAS Tie-Up BNY Mellon Enters Singapore’s Digital Assets Market with BAS Tie-Up
Blockchain Association of Singapore (BAS) on Wednesday announced a partnership with American banking major BNY Mellon. As per the MoU, the latter comes on board BAS as a strategic collaborator. BAS’ t...
Singapore’s Cake DeFi Launches New Loan Service, Accepting Crypto as Collateral
Cake DeFi, a Singapore-based fintech platform, announced on Thursday that it has launched a new decentralized finance (DeFi) service that lets users get loans using cryptocurrencies as collateral. The...
Singapore’s Keppel, SembCorp Marine Merging To Create World’s Biggest Oil-Rig Builder
A worker stands in front of the Floatel Triumph, a semi-submersible accommodation rig operated by … [+] Floatel International Ltd. and developed by Keppel Offshore & Marine Ltd.’s deep...
Singapore’s OCBC Partners With Crypto Exchange To Issue Green Tokens
OCBC, one of Singapore’s largest commercial banks, said on Monday it partnered with local crypto exchange MetaVerse Green Exchange (MVGX) to issue crypto tokens linked to investments in environmentall...
Singapore’s FOMO Pay Introduces New Crypto Payment Solution for Retailers
Singapore-based major payment institution FOMO Pay has introduced a new cryptocurrency payment solution for retailers in the island city-state. The new payment method will allow retailers in Singapore...
Singapore’s Zilingo Is Said to Suspend CEO Amid Probe
(Bloomberg) — Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’...
Explore Phemex Universe and Win NFTs! Navigate the Future of Blockchain With Singapore’s Top Cryptocurrency Exchange
When asked about what the future looks like, many people may mention sci-fi dystopian movies such as “The Matrix” or “Ready Player One.” As NFTs and the metaverse in the crypto space make these possib...
Singapore’s Crypto Staking Startup Garners $6 Million In Amber Group-Led Funding Round
Chen Zhuling, founder and CEO of RockX RockX RockX announced on Tuesday it has raised $6 million in a fundraising round led by Singapore-based crypto financial services firm Amber Group. The deal valu...
Singapore’s Parliament Passes New Crypto Law
TL;DR Breakdown Singapore has passed a bill that orders the registration of crypto firms that operate outside the country. Singaporeans have embraced cryptocurrency although the government still expre...
Singapore’s DBS Bank halts plans to offer retail crypto trading
The CEO of Singapore’s DBS Bank, Piyush Gupta, has said that the bank will not offer cryptocurrency services. The recent statement contradicts what the bank had earlier said about plans to offer crypt...
A $71 Billion Plunge Casts Doubt on Singapore’s New Economy Aura
(Bloomberg) — Singapore’s two largest new-economy firms have been touted as the next big thing for years. A $71 billion rout in their share prices in 2022 seems to show investors aren’t buying t...
Singapore’s Largest Bank Won’t Extend Crypto Services to Retail Clients
Piyush Gupta – CEO of Singapore’s leading bank DBS Bank – revealed his institution will not extend its crypto trading services to retail customers in “the immediate future.” The announcement contradic...
Singapore’s Olam To Sell Stake In Agri Unit For $1.24 Billion To Saudi Firm
Sunny Verghese, cofounder and CEO of Olam, speaks during a news conference in Singapore, on Monday, … [+] Aug. 14, 2017. Nicky Loh/Bloomberg Olam Group is selling just over a third of one of its...
Singapore’s Tax Policies Will Affect NFTs; Here’s How ⋆ ZyCrypto
Advertisement     Key Takeaways Singapore introduces income tax for NFTs. Lawrence Wong, Singapore’s finance minister, added that NFTs will not attract capital gains t...