Singapore takes the lead in establishing norms for ‘designated’ digital currency

Singapore's central bank, the Monetary Authority of Singapore, has unveiled a proposed common protocol aimed at establishing clear conditions for the utilization of digital currencies.

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Singapore MAS Proposes Protocol For Digital Money Use, Partners With Amazon For Trials

The Monetary Authority of Singapore (MAS), the financial regulatory body of Singapore, has published a whitepaper outlining the common standards for the use of digital money. This crypto-friendly act is a testament to the growing adoption of digital assets in the island country of Singapore.

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Singapore Central Bank Standardizes Rules for Digital Asset Settlements

Singapore issues new standards for a protocol governing the exchange of programmable money. The post Singapore Central Bank Standardizes Rules for Digital Asset Settlements appeared first on BeInCrypto.

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USDC issuer Circle receives a digital token licence in Singapore

Key takeaways Circle has received its Major Payment Institution (MPI) license for digital payment token services in Singapore. The company was first issued an in-principle approval in November 2022.

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Circle receives digital token license in Singapore

Circle, the issuer of the USDC stablecoin, is expanding its presence in the Asian market with a new license to operate in Singapore. The Monetary Authority of Singapore (MAS), the country’s central bank, has granted the company’s Singapore division, affiliated…

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Circle Singapore granted Major Payment Institution (MPI) license

Circle revealed that its Singapore arm received a new license from the nation’s central bank on Wednesday (7 June). That comes as the USDC issues dig deep into the Asian marketplace. Meanwhile, the Major Payment Institution certificate will allow Circle to offer digital token payments.

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Stablecoin Issuer Circle Receives Digital Token License in Singapore

The issuer of USDC received in-principle approval in November last year.

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Singapore’s Rakkar Digital achieves SOC 2 Type 1 attestation, reinforcing commitment to security and compliance

Singapore-based digital asset custodian Rakkar Digital announced in a Tuesday press release its successful attainment of SOC 2 Type 1 attestation. This solidifies its position as a trusted and reliable provider of institutional-grade custody solutions in the cryptocurrency space.

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Crypto.com Secures “Major” Operational License in Singapore

Top crypto trading platform Crypto. com has received what it describes as a major Payment Institution (MPI) License from the Monetary Authority of Singapore. In a blog post on 1 June, the exchange said the license is for Digital Payment Token (DPT) services.

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Crypto.com secures Major Payment Institution license in Singapore

Crypto. com said June 1 that it has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), the country’s chief financial regulatory body.

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Singapore Gives Green Light to Crypto.com

Crypto.com is all set to offer the Digital Payment Token (DPT) services with a MPI license in Singapore.

The post Singapore Gives Green Light to Crypto.com appeared first on BeInCrypto.

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Crypto.com completes its licensing process in Singapore

Crypto. com received an in-principle approval in Singapore last June. Coinbase and Blockchain. com are the other exchanges that have received in-principle approval in Singapore. Crypto. com has now been awarded Digital Token License in Singapore.

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Crypto.com Receives Digital Token License in Singapore

The exchange received in-principle approval in Singapore last June.

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NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said.

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Singapore multi-family office looks to establish a digital bank in Bahrain 

Whampoa Group has selected the Kingdom of Bahrain as its intended headquarters to establish a digital bank that would serve crypto companies. 

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The Wiki Finance Expo Singapore 2023 coming soon! Web 3.0, Crypto, NFT will be in focus.

The Wiki Finance Expo Singapore 2023 will take place on May 27, 2023. Many industry leaders will gather to discuss the future development of Forex, Blockchain, Web3. 0, Crypto, NFTs, ESG, Digital Finance.

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China state-owned Greenland to apply for Hong Kong virtual asset trading license

The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.

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Crypto Market News: Hong Kong Plans for Massive Crypto Investment. Could This Push Metacade’s Token Sales Further on Uniswap and Other Crypto Exchanges?

Hong Kong has received a massive boost in its bid to overtake Singapore to become the world’s leading crypto hub. The government hit crypto market news headlines with its plans to let retail investors in Hong Kong City trade digital tokens such as Bitcoin and Ether.

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Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within…

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Singapore introduce new guidelines to help banks authenticate customers in cryptocurrency space

According to insiders familiar with the matter, Singaporean banks are teaming up with authorities to establish consistent standards for screening potential customers in the digital assets and cryptocurrency sectors.

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Huobi Launches the Dominica Metaverse Bound Token (DMBT)

SinMichael Wanggapore, Singapore, 22nd March, 2023, Chainwire Huobi, the virtual asset trading platform, has announced the launch of the Dominica Metaverse Bound Token (DMBT). The launch of DMBT is part of the rollout of the Dominica Metaverse Digital Citizen (DMDC), which was authorized by the government of Dominica in collaboration with TRON and DMC Labs.

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HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

Central, Singapore, 20th March, 2023, Chainwire HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art.

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Kaiko relocates to Hong Kong amid city’s pro-crypto policy pivot

Kaiko, a crypto market data provider based in Paris is set to relocate its Asian headquarters from Singapore to Hong Kong, driven by the latter's efforts to cement itself as a global leader in the digital asset space.

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Swiss Bankers Association proposes deposit tokens to develop digital economy

A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.

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Next FOMC Will Set The Stage For Bitcoin And Crypto For Entire Year

The Bitcoin and crypto market could be headed for another sideways trend until March 22. QCP Capital, a leading digital asset trading firm in Asia based in Singapore, has released a new market analysis related to the current macroeconomic environment, calling the next Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve (Fed) […]

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Will Ripple Sign Singapore As Its Next CBDC Customer? This Is Why

Ripple has defined Central Bank Digital Currencies (CBDCs) as a key priority in its 2023 projections and goals, and already boasts notable collaborations with several countries. As Bitcoinist reported, in mid-January the fintech company landed the southeastern European country of Montenegro to pilot a digital stablecoin.

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XREATORS Launches on January 25th: An NFT Marketplace for Digital Content and IP Merchandise

Somerset, Singapore, 19th January, 2023, Chainwire XREATORS, a global NFT marketplace that connects social creators with fans, is officially set to launch on January 25th.   XREATORS will exclusively reveal highly collectible and attractive NFTs from all over the world.

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Crypto Industry Key Topics to Be Explored at Blockchain Fest Singapore

Coinspeaker Crypto Industry Key Topics to Be Explored at Blockchain Fest Singapore There are a number of talks on True Digital Ownership with DeFi & NFTs, Tokenomics, and Insurance in the Crypto Industry that will be part of Blockchain Fest Singapore 2023.

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Ripple Partner Airwallex Joins Forces with Agoda Global Digital Travel Platform in Singapore

Airwallex has teamed up with Agoda for the benefit of Hong Kong business travelers

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Singapore And New York Regulators Explore Cross-border CBDC Payments

In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs).

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The New York Fed and Singapore’s MAS join resources to research the advantages of wholesale CBDCs

Together, the Monetary Authority of Singapore (MAS) and the New York Innovation Center of the Federal Reserve Bank of New York announced their plans to collaborate in evaluating the effectiveness of wholesale central bank digital currencies (wCBDCs). The goal of…

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New York Fed collaborates with Singapore MAS to explore CBDCs

A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions.

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Family Offices and HNWIs Investing More In Digital Asset Service Providers – Survey

An October 2022 survey report co-authored by KPMG China and Aspen Digital has revealed that the majority of Family Offices (FOs) and High Net Worth Individuals (HNWIs) in Hong Kong and Singapore are investing in digital asset service providers mainly through direct equity, followed by private investment in public tokens. “We have observed that family […]

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Singapore’s Regulator Begins First Digital Asset and DeFi Pilot Program

The Monetary Authority of Singapore has announced that it has begun the first pilot test under its Project Guardian.

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Circle Secures In-Principle Regulatory Approval From Singapore’s MAS

USDC Coin (USDC) stablecoin issuer Circle has received in-principle approval from The Monetary Authority of Singapore (MAS) to offer digital payment services in Singapore, according to a press release on November 2, 2022.

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Singapore Carries Out First Trades in DeFi Pilot for Wholesale Funding Market

The banks involved in the pilot were DBS, JPMorgan, and SBI Digital Asset.

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Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it

The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available.

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DBS trials digital Singapore dollar with government vouchers

DBS Bank’s pilot will involve 1000 consumers and six merchants. It’s part of the Project Orchid, an effort aimed at laying the technological infrastructure needed for the rollout of a digital Singapore dollar.

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Singapore Financial Regulator Seeks Stakeholder Input On Proposals For Digital Payments

On October 26, 2022, the Monetary Authority of Singapore (MAS) released two consultation papers namely, the Proposed Regulatory Measures for Digital Payment Token Services and the Proposed Regulatory Approach for Stablecoin-Related Activities.

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Coinbase Gets Singapore Digital Payment Token License

Coinbase joins Crypto.com and DBS Vickers as major institutions with a Digital Payment Token (DPT) license from the Monetary Authority of Singapore.

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Singapore Place Measures on Crypto Organization’s Advertisement Upon Imminent Formula 1 Competition

The Singapore monetary regulations placed some measures on digital assets in the incoming Formula 1 races. Advertisements, including logos, will only be placed on the cars and uniforms at the Singapore Grand Prix.

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Banks Warming up to Crypto: Singapore’s DBS Bank Opens up Crypto Trading to ‘Accredited’ Investors

DBS Group Holdings Ltd. has opened up its cryptocurrency trading services on its digital exchange DDEx to an additional 100,000 of its most affluent clientele. The post Banks Warming up to Crypto: Singapore’s DBS Bank Opens up Crypto Trading to ‘Accredited’ Investors appeared first on BeInCrypto.

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Singapore’s Largest Bank Expands Bitcoin, Crypto Trading To 100,000 More Clients

Following the release of Singapore’s digital asset framework, the country’s largest bank expanded its members-only digital exchange to 100,000 more clients.

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SBI Digital Markets Receives Singaporean Capital Markets License

Japan financial amalgamation SBI Digital Markets Pte. Ltd has announced that its subsidiary SBI Digital Asset Holdings has been granted a Capital Markets Services license by the Monetary Authority of Singapore.

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Singapore's financial authority grants license to SBI's digital asset arm

The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services.

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StraitsX, the issuer of XSGD and XIDR introduces Polygon as its third natively supported blockchain

Singapore, Sept 15, 2022 – (ACN Newswire) – StraitsX (www.straitsx.com), the Southeast Asia-based digital asset payment infrastructure today announced native support for the StraitsX Singapore Dollar (XSGD) and StraitsX...

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Crypto Unit of Japan's SBI Wins Capital Markets License in Singapore

SBI Digital Markets, a subsidiary of the digital asset arm of SBI Holdings, can now offer crypto securities and derivatives trading services to Singapore customers.

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Scions of Singapore Banking Family Announce Expansion Into Crypto

Members of the Singapore dynasty that founded the Oversea-Chinese Banking Corp plan on expanding its asset-management business into digital investments. The post Scions of Singapore Banking Family Announce Expansion Into Crypto appeared first on BeInCrypto.

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Singapore’s largest bank DBS to offer crypto services to 300,000 investors

Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported. The post Singapore’s largest bank DBS to offer crypto services to 300,000 investors appeared first on CryptoSlate.

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