Singapore
Temasek Says Its FTX Investment Is Now Worth Zero
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.
Temasek to Write Off up to $300M Invested in FTX; House Committee to Hold Hearing on FTX Collapse
Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations. Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million invested in FTX. The House Financial Services Committee will hold a hearing into FTX next month. Sam Bankman-Fried, Tom Brady and other FTX promoters have been sued. Genesis and CoinDesk both operate under Digital Currency Group.
Temasek Prepares to Write Off Up to $300M Invested in FTX: Bloomberg
Singapore's state investment fund invested $400 million in both FTX and the crypto exchange's U.S. unit.
There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says
The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.
Crypto Lender Vauld Receives Creditor Protection Extension
The Peter Thiel-backed firm now has till Jan. 20 to work on a restructuring plan.
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
Co-founder Rich Teo told Bloomberg the firm is planning a three-year expansion built around Singapore as its hub for growth outside the U.S
Singapore Approves In-Principle License for Crypto Fund Manager Hashkey
The license from the central bank will allow Hashkey Capital's local arm to conduct fund management services.
Singapore vs Hong Kong
Who will win in Asia’s crypto showdown? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Singapore's MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments
The project comes a day after the central bank announced new projects aimed at trade finance and wealth management.
