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Singapore
Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks
Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange.
UAE Welcomes Digital Assets as Ripple Wins in Singapore
Blockchain firm Ripple announced that it has obtained in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore (MAS), the nation’s central bank and regulator. Host Megha Chaddah discusses the latest expansion of the firm and the state of crypto in the UAE. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore
Authorities in Singapore have awarded 190 Major Payment Institution Licenses, with 11 going to Digital Payment Token companies.
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.
Neil Tan: Hong Kong’s Crypto Push
Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.
Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth
The company plans to open an engineering center in India and increase headcount in Singapore to over 100.
USDC Issuer Circle Receives Digital Token License in Singapore
Circle Singapore has now received its Major Payment Institution (MPI) license for digital payment token services in Singapore, after having obtained in-principle approval last November. "The Hash" panel weighs in on the stable issuer's new license.
Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.
Crypto.com Receives Digital Token License in Singapore
The exchange received in-principle approval in Singapore last June.
Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare
Temasek wrote down the entirety of its investment in FTX in November.
