Circle is latest recipient of Major Payment Institution license in Singapore
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. Go to Source Powered by WPeMatico
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Crypto.com joins ranks of licensed payment institutions in Singapore
Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services. Go to Source Powered by WPeMatico
NY Fed and MAS publish joint CBDC cross-border payment project results
The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency. Go to Source Powered by WPeMatico
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. … Read more
Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec
DBS Bank’s crypto trading platform has been attracting more institutional investors due to crypto exchanges that collapsed last year. Go to Source Powered by WPeMatico
Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise compared to the purchases made in Q1 2022. World … Read more
Coinbase remains ‘100% committed’ to US market: Armstrong
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much. Go to Source Powered by WPeMatico
FTX investor Temasek pours $10M in algorithmic currency system Array
The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin. Go to Source Powered by WPeMatico
Majority of creditors want Hodlnaut liquidated
Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August. Go to Source Powered by WPeMatico
China and Singapore team up to scale green and transition financing
China and Singapore will collaborate “on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low carbon future for our countries and the region.” Go to Source Powered by WPeMatico