Articles by

Pradipta Mukherjee

Pradipta Mukherjee is a business reporter and has worked for Bloomberg News and Business Standard in India. An MBA and a post-graduate in Economics, Mukherjee focuses on financial markets and corporates. She is a Mary Morgan Hewitt award recipient for Women in Journalism. She has also won the Jefferson Fellowship; the Thomson Reuters Foundation fellowship on ‘Social Media and Digital Journalism’ at The Chinese University of Hong Kong; and most recently, the Kiplinger Fellowship at Ohio University, USA.

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November 2022

Question: How do financial rules work when rogue individuals run companies? Answer: Not very well.

Calls for tougher rules on cryptocurrency have been echoing ever louder through the offices of global financial regulators since the collapse of the FTX exchange. But the firm did not invent dodgy business practices, so what can regulators and the industry do?
and claims user funds safe despite ‘accidental’ Ether transaction

The chief executive of, said the exchange’s exposure to FTX when it shut was under US$10 million.

FTX debacle has crypto industry pointing finger at regulators in call for clear rules of the road

The unraveling has prompted crypto industry leaders to demand clearer rules of the road for trading digital assets.

Curiosity ‘always’ fuels innovation, says blockchain co-creator Stuart Haber 

U.S. computer scientist Stuart Haber, recognized with Scott Stornetta as the co-inventor of blockchain, says he is excited to see the evolution of the technology, not only in the financial sector, but also in entertainment, business, and technology industries.

Singapore lender DBS explains its DeFi experiments, plans

DBS, the largest bank in Southeast Asia, said it tested trading of foreign exchange and government bonds using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain as part of the city-state’s Project Guardian exploration of blockchain in finance.

DBS bank says it tested blockchain DeFi protocols for forex, bond transactions 

The bank is in the center of developments shepherded by the Monetary Authority of Singapore to explore digital financial technologies emerging around blockchain.

USDC stablecoin issuer Circle wins Singapore digital payment license

The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?

Singapore’s Tokenize crypto exchange opens platform for institutional investors

Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.

FastForkast headlines

Singapore’s Matrixport eyes US$100 mln fundraiser at US$1.5 bln valuation

Binance releases proof of reserves

India’s CoinDCX crypto exchange publishes proof of reserves

Fake crypto awards on the rise during football world cup: research

Japan’s central bank to test digital yen with three megabanks: report

India’s CoinSwitch launches platform to enable multi-exchange trading with single login

Singapore’s DBS bank completes intraday repurchase transaction on JPMorgan’s blockchain-based platform

Crypto exchange Bitget to expand workforce by 50%, registers in Seychelles

Football most popular sport among crypto investors: KuCoin survey

Hong Kong residents spend most time online globally: NordVPN survey

Singapore’s central bank says not possible to protect local users from FTX fallout

Crypto exchange Bullish says it has no exposure to FTX

Bahamas regulator orders transfer of all FTX digital assets to government wallet

New FTX chief says lack of controls at bankrupt exchange ‘unprecedented’

Indian crypto exchange CoinSwitch says proof of reserves shows sufficient reserves to match clients’ stake

Crypto winter may last until end of 2023: Coinbase research

Binance gets Abu Dhabi regulator’s nod to offer crypto custody services

USDC stablecoin issuer Circle expects slower growth over Binance’s BUSD conversion

Retail crypto sees more new users when Bitcoin prices rise: BIS report

Singapore’s central bank partners New York Fed to explore wholesale CBDCs

FTX Japan resumes withdrawals, FTX Turkey firms up plans

Bitcoin gains 5% as U.S. inflation slows down in October

Binance likely to back out of FTX deal: report

The fall of FTX “not good for anyone,” CZ says

Binance boosts emergency insurance fund to US$1 billion on market volatility

Indian crypto exchange WazirX introduces profit, loss function

Crypto asset manager HashKey gets Singapore’s in-principle license

India forms new crypto advocacy body with Coinbase, Polygon

Standard Chartered invests in Partior blockchain payments platform

Singapore still aims to be a crypto hub, minus speculative trading

Singapore’s Project Ubin+ to study cross-border FX with CBDCs

India’s finance minister urges G20 nations to come on board to regulate crypto

Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

India seeks info from crypto exchanges as it mulls GST on asset class: report

November 2022

First Digital Trust says HK, Singapore can join hands on crypto initiatives

In a Q&A with Forkast, First Digital Trust Chief Executive Officer Vincent Chok shared his views on Hong Kong getting back into crypto, regulations, and how the crypto pie in Asia is big enough for rivals Singapore and Hong Kong.

India’s crypto taxes provide headache for many, opportunity for some

One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.

Binance targets expansion in Philippines, Turkey, executive says

The world’s largest crypto exchange’s regional head of Asia says the Philippines’ GameFi community and rampant inflation in Turkey present opportunities for Binance.
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FastForkast headlines

India seeks info from crypto exchanges as it mulls GST on asset class: report

Singapore’s digital marketplace Alta buys Hg Exchange

Singapore’s DBS Bank trials use of digital SingDollar with vouchers

Crypto a rising currency of choice for drug smugglers in India

UK High Court shuts down PGI Global for alleged crypto scam

Hong Kong crypto firm Q9 Capital gets Dubai provisional approval

Singapore floats tests for retail crypto traders, plans to regulate stablecoins

India Web3 talent driven away by lack of regulatory clarity, industry body says

Sachin Tendulkar joins NFT market Rario’s cricket legends roster

Crypto becomes approved financial product in South Africa

Crypto bank Nuri to shut down, asks customers to withdraw funds

Mastercard to let banks offer crypto services to clients

India wants global, tech-driven regulatory framework for crypto

Bitcoin drops 3% as U.S. inflation rises 0.4% in September

India police launches blockchain-based complaint portal on Polygon to invest US$145 mln in France as base for European operations granted in-principle approval for Singapore license

Indian investors allegedly duped in crypto cloud mining scam

Google Cloud partners Coinbase for crypto payments, data services

Coinhako aims to grow institutional users, introduces arm for eligible clients

Singapore eyes blockchain-based payment systems for faster cross-border transactions

UAE crypto market expected to grow 10-fold: report

WazirX wants to integrate India’s digital rupee

RBI to begin CBDC pilots, outlines wholesale, retail concepts

Malaysia to get its own national public blockchain

EU Council approves MiCA text for crypto regulation

Singapore’s central bank says illegal crypto operations will be hunted down