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Former MAS chair who called crypto 'highly risky' wins Singapore's presidential race
4.9.2023
Tharman Shanmugaratnam has served as Singapore's finance minister and the head of the country's financial regulator during his time in government
Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'
4.9.2023
Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning
The Hourglass Collective: Pioneering Web3 Adoption Through Incubation and Entertainment
4.9.2023
PRESS RELEASE. [Singapore, September 4th 2023] – The Hourglass Collective is spearheading a new era of Web3 adoption. In a world where technological progress has sprinted from hard industries to consumer-facing revolutions, it’s now in the hands of service-oriented high-tech sectors...
Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto
31.8.2023
Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million.
Recent chargesheet filed against 10 individuals have unveiled a web of illicit financial activities that have implicated...
Vietnam, the Philippines, and Brunei to Join ASEAN QR Payment System to Reduce Dependence on US Dollar
29.8.2023
Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies within the Association of Southeast Asian Nations (ASEAN) bloc. The network, already being used between Indonesia and Malaysia, aims to interconnect all ASEAN nations to reduce...
Vauld gets permission for board restructuring from the court
25.8.2023
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022
Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling for All Financial Products Including Crypto, SBF's Layers Can 'Make Unlimited Advantage of Visitation Hours'
24.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling...
New Zealand is ‘Cautious’ on Crypto While Singapore Takes Proactive Approach to Regulate Stablecoins
24.8.2023
Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins....
Read More: New Zealand is ‘Cautious’ on Crypto While...
Crypto futures and ETFs are knocking at the door: Law Decoded, Aug. 13–20.
21.8.2023
SEC is likely to approve multiple applications for Ether futures exchange-traded funds simultaneously
Canaan to Debut ‘Groundbreaking’ Bitcoin Mining Product at 10th-Anniversary Singapore Event
18.8.2023
Shortly after Bitmain announced its intention to launch a new bitcoin mining rig at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this September, Canaan, another mining machine giant, hinted at introducing a “groundbreaking” product poised to elevate the BTC mining sphere....
Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto
17.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments...
McDonald's Offers Exclusive Grimace NFTs: Collectible, But No Trading Option
17.8.2023
McDonald's Singapore has teamed up with crypto infrastructure startup Bandwagon Labs and local non-fungible token (NFT) artist 'The Hidden Walls' to launch Grimace digital collectibles - soulbound tokens and keepsakes that can be minted for free, but not traded or transferred. ...
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CME Group to launch BTC, ETH reference rates aimed at Asia's investors
17.8.2023
CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region
Singapore Court to Adjudicate DeFiance Capital's $140 Million Dispute with 3AC Liquidators
16.8.2023
A judge in Singapore has decided that a $140 million legal dispute between bankrupt crypto hedge fund Three Arrows Capital’s (3AC) liquidators and investment firm DeFiance Capital will be heard in the city-state, against the will of the liquidators.
The disagreement between the parties center...
Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
16.8.2023
The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...
Singapore's Central Bank Releases Stablecoin Regulatory Framework
15.8.2023
Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request
Singapore’s Central Bank Releases Regulatory Framework for Stablecoins
15.8.2023
The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”...
Read More: Singapore’s Central Bank Releases Regulatory...
Singapore central bank says three business days is ‘timely transfer’ for stablecoins
15.8.2023
Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time
Singapore central bank releases regulatory framework for stablecoins
15.8.2023
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore
Singapore Red Cross Says It Now Accepts Crypto Donations
10.8.2023
Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who...