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Nalezeno "Singapore": 1228

Paxos to issue USD stablecoin in Singapore, wins initial approval

16.11.2023
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval

Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations

16.11.2023
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement

Singapore’s Central Bank Expands Asset Tokenization Initiatives Under Project Guardian

15.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights. The central bank announced Wednesday that the initiative is an extension of the ambitious Project Guardian – involving...

Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023

15.11.2023
Source: AdobeStock / AhmadSoleh Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news While developers and researchers generally focus on designing and coding the smart contract protocol...

First Mover Americas: Singapore Central Bank Tests Tokenization Alongside JPMorgan, BNY Mellon

15.11.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

IMF Director Urges Institutions to Look Toward CBDCs, Highlights Cross-border Utility

15.11.2023
Source: AdobeStock / Kristina Blokhin The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has publicly praised the deployment of Central Bank Digital Currencies (CBDCs) by more countries. Speaking at the Singapore FinTech Festival, on the theme “Financial Inclusion...

Singapore introduces five new pilots to test asset tokenization

15.11.2023
The latest initiatives led by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets

Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights

15.11.2023
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing

Circle Introduces Zero-Fee USDC Minting with Circle Mint in Singapore

15.11.2023
Source: Circle Internet The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore. This strategic initiative comes on the heels of Circle securing the Major Payments Institution (MPI) license from the Monetary...

JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions in Coming Year

15.11.2023
Source: AdobeStock / Alexey Novikov JPMorgan Chase & Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year. This projection comes from the insights shared by Umar Farooq, the bank’s Global Head of Financial Institution Payments...

Today in Crypto: SC Ventures’ Platform to Enable First-Ever Tokenized Singapore Dollar Government Bond Fund, Pundi X Reveals ‘Pay via Email’ Feature

14.11.2023
Source: AdobeStock / Alex Yeung Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Banking news SC Ventures, the innovation, fintech investment, and venture arm of banking giant Standard Chartered...

Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements

14.11.2023
In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows Hodlnaut’s entanglement with the fallout of Terra’s...

Crypto.com’s Dubai’s Subsidiary Secures License from VARA

14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...

48 Countries Join Forces to Combat Crypto Tax Evasion Starting in 2027

13.11.2023
Source: AdobeStock / Nuthawut Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion. Countries – including Ireland, Austria, France, Germany, Italy, Croatia, Japan, South Korea, the US, and Canada...

High Court Orders Liquidation of Hodlnaut Crypto Lending Platform – 17,000 Users Impacted

11.11.2023
Source: Hodlnaut The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. The court has appointed Aaron Loh Cheng Lee and Ee Meng Yen Angela, both from corporate advisory firm EY, as the joint liquidators...