Search Results for "Singapore"
Coinbase CEO Criticizes Singapore's Aim to Become a Web3 Hub at Expense of Crypto Trading
Armstrong seems to say that Singapore can’t become a Web3 hub while doing away with cryptocurrency.
First China, Now Singapore; Local Regulations Pushing Huobi Out of Asian Markets
Digital currency trading platform, Huobi Global is shutting its doors to its Singapore-based users in a bid to comply with local regulations in the country.
Singaporean DBS Bank to Expand Bitcoin Offerings to Retail Traders
Singapore-based bank and financial operator DBS is on track to expand its Bitcoin trading services to its retail customers.
Singapore's Amber Group Gets Valuation of $3B, Facilitating Potential IPO
Singaporean state investment firm Temasek Holdings Pte and other investors value cryptocurrency-trading platform Amber Group at $3 billion in a funding round.
Circle Partners With Grab for Web3 Pilot in Singapore
Circle Internet Financial and Grab are partnering to pilot Web3 customer experiences in Singapore. The 'Grab Web3 Wallet' will integrate Circle's Web 3 Services platform into the Grab app, offering users a seamless experience with blockchain-enabled wallets. This pilot aligns with Singapore's Project Orchid initiative, aiming to explore the potential of digital currencies and blockchain technology in real-world applications. Circle's Web3 Services represent a bridge between Web 2.0 and Web3.
Singapore Regulator Considers Strengthening Safeguards on Crypto Access to Retail Trading
Singapore Central Bank considers updating its crypto regulations to strengthen system safeguards that financial firms must put in place to protect users.
MAS Sees Potential in Retail-CBDC for the City-State
Despite its plans to float Project Orchid, the technology infrastructure, and the technical competencies necessary to issue a digital Singapore dollar, the Monetary Authority of Singapore (MAS) is not in a hurry to follow the bandwagon.
EDX Markets is Expanding in Singapore
EDX Markets expands to Singapore, backed by Citadel Securities and Fidelity Digital Assets, introducing innovative trading options like spot and perpetual futures, and emphasizing non-custodial clearing solutions.
BitGo Secures MPI License Approval in Singapore
BitGo has received in-principle approval for a Major Payment Institution (MPI) license from Singapore's MAS, allowing it to expand its crypto services in the region. This aligns with Singapore's robust regulatory standards and BitGo's commitment to security in digital asset transactions.
China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes
China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.
MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report
The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem.
Singapore's DBS Bank Expects to Expand Crypto offering for High-net-worth Clients
Singapore’s DBS Bank said it still plans to expand its cryptocurrency and digital asset business and provide cryptocurrency and digital asset services to 300,000 high-net-worth clients in Asia.