Regulation
Binance crypto license plans in Singapore uncertain
Will crypto exchange Binance withdraw its license application in Singapore and look elsewhere in its search for a new global home?
Michelle Lim
Lens
MAS – Monetary Authority of Singapore
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Bitcoin News
Fintonia launches Bitcoin funds in Singapore
Fund manager Fintonia has launched two new Bitcoin funds — Fintonia Bitcoin Physical Fund and Fintonia Secured Yield Fund — for institutional investors. Fast facts The physical fund buys and holds actual Bitcoin, rather than investing in a Bitcoin-linked derivative product. The fund’s Bitcoin will be stored with a licensed and insured custodian, according to […]
Monika Ghosh
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Regulation
Crypto exchange Coinhako receives in-principle approval for Singapore license
Singapore-based cryptocurrency trading platform Coinhako has received in-principle approval from the Monetary Authority of Singapore for a digital payment token (DPT) service license — making it the first local native cryptocurrency exchange to announce that it is close to being granted the much-coveted license. Fast facts Coinhako is now working through the conditions of its […]
Michelle Lim
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Economic Impacts
How will CBDCs benefit economies in Southeast Asia?
Central banks around the world are exploring digital currencies, writes Aymeric Salley of StraitsX. Here’s why Southeast Asia may be especially ripe for them.
Aymeric Salley
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Regulation
3 teams, including ConsenSys, win Singapore’s CBDC Global Challenge
The projects topped 300 rivals in their potential to improve the future digital Singapore dollar in payment services and financial inclusion. Who were the other winners?
Michelle Lim
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Regulation
USDC stablecoin issuer Circle sets up regional hub in Singapore, launches Circle Ventures
Circle, the digital payment company that operates the USD Coin (USDC) stablecoin, this week announced it is setting up a regional hub in Singapore and looking to partner with local businesses for its stablecoin Lighthouse Project. Fast facts U.S.-based Circle says its move into Singapore is part of its global expansion plans and the company […]
Michelle Lim
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DeFi News
How Singapore is looking at Web 3.0 and DeFi as it prepares for a digital Singapore dollar
Speaking at the Singapore FinTech Festival, Singapore central bank chief Ravi Menon announces the launch of Project Orchid, a digital dollar project.
Michelle Lim
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DeFi News
How Singapore’s crypto regulations are shaping its DeFi space
Singapore is a major crypto hub. But for whom? In this primer, Malcolm Tan explains the island-state's regulatory evolution and which groups are no longer in its favor.
Malcolm Tan
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Regulation
How Singapore is emerging as a safe harbor for the Chinese crypto industry exodus
As China intensifies its crypto crackdown, regulatory clarity is a beacon for safer shores in Southeast Asia.
Michelle Lim
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Regulatory News
Singapore grants crypto licenses to DBS and Australian exchange Independent Reserve
The Monetary Authority of Singapore (MAS) today granted licenses to DBS Vickers (DBSV), the brokerage arm of DBS Bank, and Independent Reserve, an Australian cryptocurrency exchange, to provide digital payment token services under the Payment Services Act (PS Act). Fast facts Formal approval from MAS, which follows its earlier “in-principal approval” granted to both companies […]
Michelle Lim
