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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. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Whampoa Group has selected the Kingdom of Bahrain as its intended headquarters to establish a digital bank that would serve crypto companies. A digital bank for digital asset firms Whampoa Group’s digital bank, which is scheduled to launch
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption. Coinbase announced the feeless USDC trading for its Singapore customers in
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The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to
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A team of researchers at the Singapore University of Social Sciences recently conducted an appraisal of existing decentralized autonomous organization (DAO) voting schemes to determine which was most efficient. The researchers ultimately concluded that existing popular voting schemes each had their drawbacks and advantages and that a new paradigm combining what
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Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region. The Monetary Authority of Singapore (MAS) announced the collaboration with the People’s Bank
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Luna Squares LLC, a separate subsidiary, hosted about 10,000 machines for bankrupt crypto lender Celsius Network as of the end of December, according to court filings. Celsius loaned $20 million to Mawson in February 2022, and the two firms discussed another $20 million loan last June. Source
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Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.In an April 18 announcement, Zipmex said it was currently in negotiations with investors in an attempt to “maximize returns for customers” following a delay in payments.
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Luno has informed the Monetary Authority of Singapore (MAS) that is withdrawing its application for a license to operate in the southeast Asian city state. The exchange said it has taken the decision as part of an "evaluation of [its] global strategy and presence." Source
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