The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Category: Singapore
Auto Added by WPeMatico
Singapore startup dtcpay launches retail crypto payments system with Chinese partners
Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.
Hodlnaut heading for liquidation after failure of restructuring, sale efforts
Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom.
Singapore plans joint crypto pilots with Japan, Switzerland and UK
Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.
Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter
A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order.
Singapore court authorizes freeze order attached to wallets as soulbound NFT
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.
South Korean exchange Upbit gets initial license nod from Singapore
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
Ripple gets formal approval for Singapore payments license
Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.
Singapore awards major payment institution license to Sygnum Bank subsidiary
Sygnum Singapore plans to expand its regulated offering to Asia–Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph.
Crypto liquidity provider GSR receives regulatory approval in Singapore
The license allows GSR to provide crypto and fiat-related services to Singaporean residents and entities.