CME Group to launch BTC, ETH reference rates aimed at Asia’s investors
CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region. Go to Source
Singapore
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Singapore central bank releases regulatory framework for stablecoins
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore. Go to Source
Blockchain.com scores payment license from Singapore central bank
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions. Go to Source
Singapore Red Cross starts accepting crypto donations
Humanitarian aid and community services charity, Red Cross Singapore, included cryptocurrency as a newly-accepted form of donation. Go to Source
OPNX exchange bids for crypto lender Hodlnaut in Singapore
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors’ payout and outstanding claims. Go to Source
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency. Go to Source Powered by WPeMatico
Singapore High Court rules crypto personal property, compares it to fiat money
Judge didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it. Go to Source Powered by WPeMatico
From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10
South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023. Go to Source Powered by WPeMatico
Singapore to require crypto firms to put user assets into trusts by year-end
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones. Go to Source Powered by WPeMatico
BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. Go to Source Powered by WPeMatico