The Monetary Authority of Singapore (MAS) is Singapore's central bank. The mission of the MAS is to promote sustained non-inflationary economic growth, and a sound and progressive financial center. The MAS has leveraged blockchain technology for its Project Ubin central bank digital currency (CBDC) project.

Wyre Limits WithdrawalsTo 90% For All Users
Wyre, a crypto payment company, has changed its withdrawal policy to restrict customers to 90% of their funds, days after two former workers purportedly hinted at a closure. Yanni Giannaros, Wyre's chief risk and compliance officer, is temporary CEO. As Wyre implements new operations, daily withdrawal restrictions will vary.
Mastercard Launches Web3 Musician Accelerator With Polygon
Mastercard launched a Polygon-based accelerator program for Web3 artists. Five international performers will be mentored by the business to establish their Web3 music brands. For those not chosen for the program, Mastercard is offering the Mastercard Music Pass NFT collection.
The Bahamas Regulator Denies Requesting FTX To Manufacture New Tokens
The allegations made by FTX debtors have been rejected by the Securities Commission of The Bahamas (SCB), which also expresses worry over the fact that the inquiry has been hampered. The Securities and Exchange Commission (SCB) had to issue a statement on January 3 clarifying that it had to address significant misstatements made by John J. Ray III. According to the attorneys for FTX, the government of the Bahamas is said to have demanded that Sam Bankman-Fried, the former CEO of FTX, launch a new cryptocurrency that would be controlled by local authorities.
SBF Submits Fresh Bahamas Supreme Court Bail Application
Sam Bankman-Fried has allegedly applied for bail again in the Bahamas Supreme Court. Money laundering, wire fraud, and securities fraud are among the eight U.S. allegations against the FTX founder. A court granted bail on December 13 because the crypto executive was a flight risk. On December 15, local media reported that he had filed the application and it will be considered in court in January.
3Commas Refutes Allegations That Employees Stole API Keys
3Commas, a crypto trading business, denies social media screenshots. To freeze exchange accounts, CEO Yuriy Sorokin recommends filing a police case. The business says phishing attempts "contribute" to thefts.
MetaMask will capture IPs
MetaMask will gather IP addresses and addresses during on-chain transactions. Data gathering applies only if users utilize MetaMask's default RPC app. This information may be shared with affiliates, during commercial negotiations, or to comply with KYC and AML regulations.
New York Federal Reserve Partners With MAS to Research on wCBDCs
The New York Fed and Singapore's MAS are collaborating on CBDC development
MetaMask Launches Bridge Aggregator, Enabling to Move Tokens across Blockchains
Popular self-custodial wallet MetaMask has now launched a bridge aggregator allowing users to bridge across multiple blockchain networks.
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Crypto Exchange OKX Opens Regional Office in the Bahamas
OKX Exchange has created a new offshoot in the Bahamas after being registered

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