The Monetary Authority of Singapore, or MAS, has granted stablecoin issuer Paxos regulatory approval to offer crypto services to local companies. In a Thursday announcement, Paxos said it had received...
Tag: Singapores
Crypto Platform Paxos Receives Green Light From Singapore’s Watchdog
Paxos, a blockchain infrastructure platform, announced today that it has received in-principle approval from the Monetary Authority of Singapore. We’re excited to receive in-principle approval f...
Singapore’s Central Bank provides payments license to crypto firm Paxos
Crypto and blockchain technology firm Paxos has received payments license from Singapore’s Central Bank It leverages technology to tokenize, trade and settle assets First of its kind to receive a gr...
Integral Announces Availability of IntegralFX in Singapore’s SG1 Data Center
One of the leading technology providers in the foreign exchange (FX) market, Integral recently announced the availability of its IntegralFX services in Singapore’s SG1 data center. According to the de...
Singapore’s ST Telemedia Buys Stake In Philippines’ Globe Data Center Unit In Deal Valued At $350 Million
A technician walks past computer racks at facility owned by ST Telemedia Global Data Centres … [+] Courtesy of ST Telemedia Global Data Centers Singapore-based ST Telemedia Global Data Centres h...
Billionaire Trio Behind Singapore’s Sea Ltd See Fortunes Tumble After Earnings Disappoint
Forrest Li, cofounder and chairman of Sea Ltd. Wei Leng Tay/Bloomberg The three cofounders of Sea Ltd. saw their collective net worth tumble $1.9 billion on Tuesday after the Southeast Asian internet ...
Singapore’s Amber Group Gets Valuation of $3B, Facilitating Potential IPO
Singaporean state investment firm Temasek Holdings Pte and other investors valued cryptocurrency-trading platform Amber Group at $3 billion in a funding round. Amber said that it will use its new fund...
Singapore’s GLP To Invest $13 Billion In Maiden Data Center Projects In Japan As Digital Economy Booms
Network and internet communication technology concept, data center interior, server racks with … [+] telecommunication equipment in server room getty Singapore-based real estate developer and as...
Singapore’s Bybit offers record $150M sponsorship to Red Bull’s Formula 1 team
Singapore-based crypto exchange Bybit inked a deal with Oracle Red Bull Racing to sponsor the latter’s Formula 1 team for a total of $150 million over three years. The $50 million per annum deal is so...
TE Capital, LaSalle Team Up To Buy Singapore’s PIL Building For $240 Million
A general view shows the Singapore skyline behind the Merlion park on May 15, 2020. Demand for … [+] office space in the city-state is increasing as the government positions the lion city as a t...
Singapore’s DBS looks to bring crypto to the masses
Singapore’s largest bank by assets, DBS, intends to begin offering digital asset trading to its retail clients by the end of 2022, CEO Piyush Gupta said during the lender’s annual earnings webcast on ...
Singapore’s Largest Bank to Launch a Cryptocurrency Trading Desk for Retail Investors
After opening its very own institutional-grade digital asset exchange, Singapore-based DBS Bank is eyeing the expansion of a similar trading offering, but this time, catering to retail investors. It i...
Singapore’s Biggest Bank Launching Retail Crypto Trading in 2022
Key Takeaways Singapore’s largest lender, DBS Bank, plans to offer crypto trading services to retail customers by the end of the year. According to its CEO, Piyush Gupta, the plan is to build a ...
Singapore’s DBS Bank to launch retail digital asset trading desk in 2022
advertisement DBS Bank, the largest bank in Southeast Asia by assets, will launch a digital assets trading desk for retail customers by the end of 2022, according to an earnings call on Monday. The ba...
Singapore’s Financial Technology Company STACS Partners with CSOP
Hashstacs Pte Ltd (STACS), a leading fintech company in Singapore, announced a collaboration with CSOP Asset Management yesterday. According to the partnership details, the Over-the-Counter (‘OTC’) De...
Singapore’s another strike to keep crypto in control, this time by curbing Crypto Ads
Southeast Asian country had been famous for its regulations and rules from time to time, with the intentions of keeping the crypto industry safe for the citizens Famously being called South East Asia’...
Singapore’s Next-Gen Tycoons Join NFT Craze With Launch Of Collaboration Platform For Entrepreneurs
ARC cofounders Elroy Cheo and Kiat Lim Courtesy of ARC Kiat Lim—son of Singaporean billionaire Peter Lim—has joined the craze for non-fungible tokens (NFTs) with the launch of a private digital commun...
Revolut Gains Commodities Trading License from Singapore’s MAS
The British fintech, Revolut is expanding its services in the overseas market and has gained approval from the Monetary Authority of Singapore (MAS) for offering commodities trading to its Singaporean...
Tencent Plans to Sell a Stake in Singapore’s Sea for Up to $3 Billion
(Bloomberg) — Tencent Holdings Ltd. has sold $3 billion of shares in Singaporean online gaming and e-commerce company Sea Ltd. as it seeks funds for new initiatives and philanthropic efforts to ...
Singapore’s Q4 and 2021 GDP Deal Positive Surprise to Markets
The Singapore economy for the fourth quarter added around 3% to the GDP of the country. This is widely considered a positive growth as the world is currently preparing for another potential pandemic. ...