Chinese Tech Group Behind TikTok Looks to Enter Finance
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. Go to Source Powered by WPeMatico
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China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out of control by using these dollar-pegged blockchain tokens. Last week on June 9, … Read more
Singapore’s Three Arrows Capital Buys 6% of Grayscale’s $3.5 Billion Bitcoin Fund
Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s outstanding issued capital. The shares are valued at a total … Read more
Singapore-Based TomoChain Launches P2P Lending Feature
The Singapore-based exchange will enable a new P2P lending feature in two weeks through its TomoDEX’s platform. Go to Source Powered by WPeMatico
The Crypto Enthusiast’s Dream: Top Countries That Tick All the Boxes
Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in. Go to Source Powered by WPeMatico
Eight Countries That Don’t Tax Your Bitcoin Gains
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes. Circumstances vary, but the real … Read more
China’s Top Digital Bank to Foster DLT Innovation in Singapore’s Universities
Top Chinese digital bank WeBank is partnering with OpenNodes to drive blockchain innovation among Singaporean universities. Go to Source Powered by WPeMatico
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process. Go to Source Powered by WPeMatico
CoinEx Announces Global Strategic Partnership with Matrixport to Provide Over-the-counter Service
Hong Kong, 27 April, 2020 – CoinEx, a global and professional cryptocurrency exchange service provider, is pleased to announce its new global strategic partnership with Matrixport, the one-stop digital asset financial service platform span off from Bitmain. This partnership allows CoinEx‘s users to access Martrixport’s over-the-counter (OTC) service when they are in need of exchanging … Read more
Crypto Banks Answer the Call Amid Coronavirus-Fueled Economic Decline
Despite the economic chaos worldwide, some crypto banks are going strong: “We currently have the largest holding of crypto than we’ve ever had and are in a strong position to continue innovating” Go to Source Powered by WPeMatico