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Singapore

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March 2023

How Singapore’s crypto ambitions are taking shape and what other nations can learn

Unique in the world, Singapore is a big investor and player in digital assets while advancing regulations that favor institutions over individual crypto users, writes Danny Chong of Tranchess.

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.

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Bitget invests US$30 mln in BitKeep wallet, becomes controlling shareholder

Singapore to publish crypto, stablecoin consultation feedback by mid-2023

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

March 2023

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Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

Singapore’s DBS Digital Exchange’s Bitcoin trade volume grows 80% in 2022

February 2023

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Singapore’s DBS Digital Exchange’s Bitcoin trade volume grows 80% in 2022

Crypto lender Hodlnaut’s creditors reject restructuring plan, prefer liquidation: report

January 2023

It’s time for more institutions to adopt blockchain and crypto: Opinion

Despite the myriad benefits of blockchain and cryptocurrency, institutional interest remains mixed in Asia Pacific. What lessons should the industry learn from 2022 to overcome the barriers to adoption?
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Crypto lender Hodlnaut’s creditors reject restructuring plan, prefer liquidation: report

January 2023

How Hong Kong and Singapore can make Asia the center of crypto’s future

Yes, there is rivalry between the two global finance hubs. But their strengths are also complementary for Asia to become an even bigger crypto powerhouse, writes Lily Z. King.

Singapore’s Temasek writes off US$275 mln in FTX

Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’

Stablecoin, CBDC issues take center stage at Singapore’s Future of Finance Forum

Central bank digital currencies draw fire over inflation, privacy and threat to innovation, as questions raised over status of stablecoins in digital asset ecosystem.

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 vs Hong Kong

Hong Kong and Singapore are now locked in a battle over the future of crypto in Asia – but who will emerge victorious?

Singapore fintech fest raises profile of industry that wants to ‘disappear’

Digital asset and blockchain highlights of event draw huge crowds, even as industry figures say they want the technology behind them to become just a normal component of the finance system.

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?
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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.

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Crypto lender Hodlnaut’s creditors reject restructuring plan, prefer liquidation: report

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

Singapore police say they are investigating crypto lender Hodlnaut on fraud allegations

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

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

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

South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko

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

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

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

BIS’ ‘Project Mariana’ to explore CBDC integration with DeFi

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

November 2022

Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain

The lead counsel for the plaintiff in the case has called Friday’s ruling a decision with implications for the global blockchain industry

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.

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

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

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

Hong Kong crypto firm Q9 Capital gets Dubai provisional approval

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

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business

Crypto.com to invest US$145 mln in France as base for European operations

Blockchain.com granted in-principle approval for Singapore license

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

Crypto exchange Coinbase awarded in-principle license for Singapore

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

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

October 2022

Asia banking giant DBS jumps into The Sandbox metaverse

The Singapore-based bank said it will buy land in the metaverse to create the ‘DBS BetterWorld’ and build a virtual community.

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

DBS offers self-directed trading for accredited investors

Singapore Deputy Prime sees “tremendous potential” in tokenization and DLT

Singapore grants capital markets license to SBI’s digital asset arm

Filecoin service provider RRMine leaves China for Singapore

Singapore central bank says data on crypto holdings by general public not available

Singapore’s DBS commits to crypto offerings despite slump: report

September 2022

Singapore’s Crypto Dance; Women in Web3

Welcome to The Daily Forkast – August 29, 2022 – presented by Joel Flynn. Coming up on today’s show: Crypto clarity from Singapore’s central bank. Forkast and NEAR Foundation initiative champions women in Web3. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of […]

Singapore’s MAS says needs to do better job explaining crypto policy

The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”

Huobi warning issued; Singapore’s blockchain aims

Huobi in hot water after being put on investor alert list. Meanwhile, we take a closer look into crypto regulation in Asia.

OSL Digital placed a ‘tokenized bond’ in July — what’s next for blockchain securities?

Financial instruments sold and traded on a public blockchain could be the next big thing, so Forkast caught up with OSL to hear about what’s planned.

Coinhako crypto exchange sees Asia expansion opportunity as rivals stumble

Cross currents: BlackRock Inc, the world’s biggest money manager, is talking about Bitcoin opportunities amid a market slump. Singapore’s Coinhako looks to have similar ideas.

Why Singapore may be the ideal place for companies to rebuild post-crypto winter

Singapore is growing its digital assets industry while reducing risks, and its clear regulations allow firms to better plan for the future, writes Desmond Yong of DTC.

Filecoin on a tear as cautious optimism returns to crypto markets

Top blockchain and crypto news: Filecoin leads in market uptick. CryptoPunks in new glow as Tiffany jewelry. Chinese firms flock to Singapore.

Flippening ahead?; NFT sales fall again

Is the flippening coming soon? And NFT sales drop 25% in July as the crypto winter continues.

FastForkast headlines

Singapore’s DBS commits to crypto offerings despite slump: report

Crypto lender Hodlnaut placed under creditor protection by Singapore court

Shareholders ask Zipmex CEO to step down amid restructuring

Huobi looks to sell stake that values exchange at US$3 bln, Bloomberg reports

Bitget offers ‘protection fund’ to users as emergency insurance

Revolut starts crypto service in Singapore