Singapore News

DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services.

The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny.

Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments.

“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi.

The Monetary Authority of Singapore placed Binance on its investor alert list on Wednesday over concerns that the crypto exchange may have violated local payments regulations.

Binance.US plans to close a major private funding round in the next two months to become more independent from Binance.

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.

Thailand's Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.

The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”

The funding comes soon after Liquid suffered a major hacking incident last Thursday when the exchange’s hot wallets were compromised.

A nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed a success.

Almost four in five Singaporean crypto holders own Ether, followed by Bitcoin, Cardano and Binance Coin.

Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore.

Starting next Monday, DBS Bank’s crypto exchange will start operating, allowing institutional investors to trade Bitcoin.

Visa is continuing to extend its integration with regulated crypto companies worldwide.