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VC Founders Summit Takes Over Singapore: Shaping the Future of Innovation
8.7.2024
PRESS RELEASE. [Singapore, 2024] – Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment. Building on the momentum...
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...
Paxos gains approval for Singapore stablecoin launch with DBS partnership
2.7.2024
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch
Singapore ups crypto exchanges risk factor under new law update
2.7.2024
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub
DBS Bank Enters Stablecoin Custody Space in Singapore
2.7.2024
Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with...
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
2.7.2024
The Monetary Authority of Singapore released its stablecoin framework last year
S&P Global joins Singapore's Project Guardian tokenization trials
27.6.2024
The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
24.6.2024
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary...
Singapore flags digital payment tokens as high-risk in AML landscape
20.6.2024
Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector
Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON
17.6.2024
Singapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON. The announcement was first made by Justin Sun on social media. Drawing parallels between Sunny’s role on the football field and his new position, Sun expressed...
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
15.6.2024
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs...
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
14.6.2024
The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore...
McDonald’s metaverse in Singapore, South Korea classifies NFTs as virtual assets: Nifty Newsletter
12.6.2024
NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge
Singapore alerts businesses to Bitcoin ransomware risk
10.6.2024
Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately
McDonald’s launches “My Happy Place” metaverse in Singapore
6.6.2024
The renowned American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore in collaboration with Bandwagon Labs. Bandwagon Labs is the metaverse wing of Bandwagon, a top entertainment media technology organization. McDonald’s and Bandwagon Labs are both highly...
McDonald’s metaverse debuts in Singapore
6.6.2024
McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards
BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement
4.6.2024
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central...
Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum
2.6.2024
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from...
Marketnode Secures Series A Funding Led by Financial Services Giant HSBC
30.5.2024
On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins...
Singapore's DBS Bank holding $650M Ethereum? Nansen flags whale holdings
30.5.2024
Nansen believes the crypto wallet already earned $200 million by holding ETH