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The largest crypto exchange, Binance, has received an investment from Temasek subsidiary Vertex Ventures to support the development of its crypto-fiat exchange in Singapore Go to Source Powered by WPeMatico
Zebpay is reportedly expanding its global presence after suspending cryptocurrency trading operations in India due to the banking ban imposed by the country’s central bank. According to information on its website, an entity has been set up to operate the Zebpay exchange in Malta to serve 20 countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, … Read more
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter … Read more
It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports. Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets, … Read more
Banking support for crypto businesses on radar of Singapore’s financial regulator Go to Source Powered by WPeMatico
A new report from Diar reveals that “traditional” venture capital investment in blockchain and crypto firms has increased by 280% in the first three quarters of 2018 Go to Source Powered by WPeMatico
10 fiat-to-crypto exchanges — two per continent — in a year. Binance seems to ignore the market complications in its expansionist run Go to Source Powered by WPeMatico
In recent regulatory news, an official representing the Monetary Authority of Singapore (MAS) has stated that no existing crypto tokens meet the regulator’s definition of a security offering; the chief accountant of the United States Securities and Exchange Commission (SEC) has emphasized the “fundamental” bookkeeping responsibilities of firms operating with cryptocurrencies; and the head of … Read more
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu Inc., the operator … Read more
An official from Abu Dhabi’s Financial Services Regulatory Authority has called for international crypto regulation Go to Source Powered by WPeMatico