OKX bags Singapore crypto license
OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO. Go to Source
Singapore
Auto Added by WPeMatico
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of … Read more
Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such … Read more
WazirX slams external forces for delaying restructuring efforts
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests. Go to Source
DBS Bank pilots blockchain-based government grants
The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization. Go to Source
3AC liquidators file $1.3B claim against Terraform Labs
3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem. Go to Source
US crypto firm BitGo wins payment license in Singapore
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets. Go to Source
Bitgo Secures Major Payment Institution License in Singapore
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singapore’s … Read more
Singapore commits $74.3M for quantum and AI in finance
MAS injects funds to enhance quantum computing and AI in Singapore’s finance sector, supporting local institutions with substantial co-funding. Go to Source
JP Morgan-backed blockchain firm ‘Partior’ closes $60M series B
Partior is already processing transactions on behalf of several firms including JP Morgan, DBS, and Temasek. Go to Source