Singapore

Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million. According to a Bloomberg repor ...

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. On Nov. 15, the MAS introduced five additional industry pilots to Pro ...

In response to the feedback received on its proposed Digital Payment Token (DPT) regulations, the Monetary Authority of Singapore (MAS) laid down measures for DPT service providers to discourage speculation in cryptocurrency investments.The de-facto central bank of Singapore, MAS, announce ...

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to inst ...

Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.Davies, who has been embroiled in bankruptcy proceedings following the collapse of 3AC in 2022, has already been sentence ...

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automati ...

Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.In a Nov. 15 statement, Paxos said it received an initial nod from the Monetary Authority of Singapore (M ...

The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use cases around asset tokenization. Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial in ...

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.The company is partnering with open-source blockchain PlatON for privacy-pro ...

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a l ...

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (F ...

El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to  Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become th ...

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newsletter ...

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.A court-issued ...

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing i ...

Singapore's Monetary Authority (MAS) has issued Ripple a comprehensive license for providing cryptocurrency services. This license represents the practicality of crypto solutions for both businesses and financial institutions, underlining a significant advancement toward the broader adoption of digi ...

Cryptonews reported last week that a 36-year-old individual, identified as Su Zhu, the co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), has been arrested in Singapore. The Singapore Police officially confirmed the arrest, responding to a Reuters query on Thursday. According ...

GSR, one of the pioneering market makers in the cryptocurrency industry, has received preliminary approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This significant development will allow GSR to further establish its presence in the Singaporean market a ...

Coinbase, the U.S.-based cryptocurrency exchange, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This significant regulatory approval allows Coinbase to expand its digital payment token services to individuals and institutions in Singapore. The ...

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in the FinTech Regulatory Sandbox framework as cryptocurrency payment providers. Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversigh ...

Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote.According to multiple reports from Sept. 2, Shanmugaratnam defeated presidential candidates Ng Kok Song and Tan Kin Lian to becom ...

Vauld, a Singapore-based crypto exchange, that has been ongoing bankruptcy proceedings since August 2022, has said that it received permission from the court to restructure its board. The new top management will lead the company’s bailout process. On Aug. 24, Vauld’s co-founder Darshan Bathija ...

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading ...

Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.The Monetary Authority of Singapore announced the framework on Aug. 15 which is aimed at non-bank issued stablecoins pegged to ...

Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank, the Monetary Authority of Singapore (MAS).Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) license from MAS on Aug. 1, allowing the platform to pro ...

The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3. In an announcement, MAS highlighted that the funds w ...

Crypto lender Hodlnaut appears to have found a white knight investor to exit its bankruptcy proceedings. According to a Bloomberg report, OPNX exchange has made an offer to take over 75% of the company.The deal would see a capital injection of nearly $30 million worth of FLEX tokens into H ...

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.In an Aug. 1 filing with the U.S. Bankruptcy Court for the Southern District of New York, Davies ...

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.On July 3, the Monetary Authority of Singapore (MAS) announced new requirements for crypto service providers to hold customer assets in a statutory trust ...

On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter’s “Project Guardian” initiative. The particip ...

Teneo, the liquidator behind bankrupt hedge fund Three Arrows Capital (3AC), is reportedly seeking to recover roughly $1.3 billion in funds from 3AC founders Su Zhu and Kyle Davies.According to a June 27 Bloomberg report, the liquidator claimed Davies and Zhu incurred the $1.3 billion ...

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 stat ...

United States-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has announced plans to expand into the Asia-Pacific region.In a June 19 blog post, Gemini said it planned to increase the number of staff at the firm’s Singapore office as well as establish a ...

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.An M ...

The Lao government has announced its intention to integrate blockchain technology into social, economic and government structures. Prime Minister Sonexay Siphandone announced the creation of a Blockchain Technology Transformation Committee, which will be responsible for ove ...

American cryptocurrency exchange Coinbase continues to develop its international presence - the site introduced new services for customers from Singapore. Coinbase Singapore users will be able to buy USDC with the Singapore dollar without commissions. They will also be ...

This includes steaming, commission-free USDC buying, training and more Cryptoexchange is expanding in the region Coinbase Global has added new services for Singaporean customers. Now they can buy USDC without commissions for the local currency Singapore dollar (S ...

Singapore court ordered former BitMEX exchange CEO Arthur Hayes to stop publicly insulting co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital (TAS) Su Zhu. According to the court document, Arthur Hayes is prohibited from making any threats against Su Zh ...

Public investment fund Temasek Singapore officially denied rumors about possible participation in the investment program of cryptocurrency startup Array. Temasek's rebuttal came shortly after representatives of the Singapore startup Aggauo announced that it would receive ...

Gemini, the popular cryptocurrency exchange, has announced that it will be expanding its operations in the Asia-Pacific region by opening a new office in India. The exchange's co-founders, Cameron and Tyler Winklevoss, have appointed Gemini's CTO, Pravjit Tiwana, as the chief executive of the Ind ...

The stablecoin regulation bill has come under fire from Democratic lawmakers in the United States, who are concerned that the lack of a clear regulatory framework may lead to stablecoin issuers seeking out other jurisdictions. The bill, which was created in 2022 by Republican Patrick McHenry of N ...

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

Montenegro's law enforcement authorities made headlines when they apprehended the CEO and co-founder of Terraform Labs at the airport in the capital city. Filip Adzic, the foreign minister of the Balkan country, revealed that Do Kwon had turned into one of the most sought-after criminals on the r ...

Coinbase has recently announced a partnership with Standard Chartered, which will allow users in Singapore to benefit from free wire transfers. This move aims to provide Coinbase customers with more flexibility and convenience when depositing or cashing out funds from their exchange accounts. ...

DBS, the leading Singaporean bank, has reported a significant surge in trading volumes on its DBS Digital Exchange platform. According to the bank, the trading volume of Bitcoin has increased by 80% in the past year, while Ether has seen a 65% increase in trading vol ...