HSBC debuts metaverse investment fund in Asia: Report
Once known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March. Go to Source Powered by WPeMatico
Singapore
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Singapore aims to streamline financial watchdog’s authority over crypto firms
“We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets,” said Alvin Tan. Go to Source Powered by WPeMatico
Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan
Certain Coinbase users will need to disclose recipient information when sending cryptocurrencies to non-Coinbase wallets. Go to Source Powered by WPeMatico
Here’s how Asian countries deal with crypto sanctions against Russia
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms. Go to Source Powered by WPeMatico
Paxos secures approval from Singapore’s financial regulator
The stablecoin issuer said the regulatory approval would help support its partners in expanding services into Asia. Go to Source Powered by WPeMatico
Cake DeFi launches $100M venture arm for Web3, gaming and fintech initiatives
Cake DeFi Ventures will fund crypto startups across Web3, the Metaverse, the NFT space, gaming, esports and fintech spaces that complement the company’s core business. Go to Source Powered by WPeMatico
Swiss crypto bank Sygnum secures in-principal approval in Singapore
Prior to the latest approval, Sygnum Singapore was only allowed to offer asset management activities with its CMS license. Go to Source Powered by WPeMatico
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world. Singapore Becomes First Southeast Asian Nation to Impose Sanctions … Read more
Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors. Go to Source Powered by WPeMatico
Bitcoin dated futures with physical settlement go live on Eqonex
Eqonex previously said it was engaged in discussions on the potential merger or takeover options in late 2021. Go to Source Powered by WPeMatico
