DBS wins regulatory approval in Singapore for crypto payment services
Starting next Monday, DBS Bank’s crypto exchange will start operating, allowing institutional investors to trade Bitcoin. Go to Source Powered by WPeMatico
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Singapore to License Digital Payment Providers, Approves Crypto Exchange
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized … Read more
Singapore grants first regulatory in-principle approval to crypto exchange
Independent Reserve gets the first in-principle approval that gives hope to around 170 crypto exchange applicants waiting to receive an official operating license in Singapore. Go to Source Powered by WPeMatico
43% of Singaporeans own crypto, according to Independent Reserve survey
The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. Go to Source Powered by WPeMatico
Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as “a hub for crypto innovations.” Go to Source Powered by WPeMatico
France and Singapore pilot cross-border CBDC transactions
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs. Go to Source Powered by WPeMatico
Bybit crypto exchange to impose KYC rules
The world’s fifth-largest cryptocurrency derivatives exchange is implementing KYC rules to improve security compliance. Go to Source Powered by WPeMatico
Singapore’s central bank offers cash prizes for digital currency ideas
The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship. Go to Source Powered by WPeMatico
Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com. Go to Source Powered by WPeMatico
Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures. Go to Source Powered by WPeMatico