Singapore to position itself as global crypto center, says regulator
Singapore is aggressively pursuing policies that will help the cryptocurrency sector grow. Go to Source Powered by WPeMatico
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DBS Bank joins Hedera blockchain’s governing council
The bank wants to use its membership to further explore the emerging possibilities opened up by blockchain technology. Go to Source Powered by WPeMatico
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico
Singapore Grants Crypto Licenses to DBS and Independent Reserve
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves DBS and Independent Reserve … Read more
Singapore finance authority grants licenses to Independent Reserve and DBS
DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services. Go to Source Powered by WPeMatico
Binance blocks fiat deposits and spot crypto trading for Singapore users
The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny. Go to Source Powered by WPeMatico
Crypto asset manager Cobo raises $40M to launch DeFi-as-a-service
Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments. Go to Source Powered by WPeMatico
US and Singapore companies collaborating: Okcoin partners with Hodlnaut
“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi. Go to Source Powered by WPeMatico
Binance limits SGD product offerings in Singapore amid regulatory warnings
The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 amid signs that the crypto exchange may have violated local payments laws. Go to Source Powered by WPeMatico
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more