Singapore – DIGIT INFO

Singapore Imposes New Rules for Digital Payment Token Services

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do not fulfill the requirements must cease the activities when the amendments come into […]

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3AC co-founder Su Zhu set to be released by year-end after court grilling: Report

Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.

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Singapore releases national AI strategy 2.0, plans for 15,000 AI experts

Singapore released an updated version of its national AI strategy that includes plans for boosting government competency, building a smart nation and increasing compute capacity.

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Binance VIP traders got sneak peak of US settlement: Report

At an exclusive dinner in Singapore, certain Binance executives reportedly told traders about the pending settlement with U.S. officials, allowing the exchange to stay in business.

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OPNX token spikes 50% after Su Zhu unexpectedly posts a ‘gm’ on Twitter

The OX token hit a price high not seen since co-founder Su Zhu was arrested in late September.

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Zipmex proposes to pay creditors 3 cents per dollar

The proposal came as a part of a restructuring offer from the embattled Thai crypto exchange that owes its customers $97 million.

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JPMorgan, Apollo plan for enterprise mainnet, execs reveal

The ‘enterprise mainnet’ provides the scalability to add applications to a network that already has a KYC-compliant set of institutional banks, broker-dealers and asset managers.

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Singapore to restrict retail crypto speculation with new rules

According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and the fear of missing out (FOMO) on good returns.

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3AC co-founder Kyle Davies spotted in Bali, sources claim

Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.

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Blockdaemon among founders of BSN Spartan Network governing body

The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.

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