Cryptocurrency Analysis and News Portal
The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador, on the other hand, has accepted Bitcoin (BTC) as a legal currency.As financial centers throughout the world
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The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves
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Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country.MAS issued licenses to Australian crypto exchange Independent Reserve and DBS Bank’s brokerage arm, DBS Vickers (DBSV), allowing them to provide digital payment token services under the Payment Services
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DBS Bank’s brokerage arm, DBS Vickers (DBSV), has been granted a license to operate as a Major Payment Institution from the Monetary Authority of Singapore (MAS).The broker says its license enables it to provide its services in the city-state through its DBS Digital Exchange (DDEx), according to a press release
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Under Singapore’s licensing regime, applicants applying for a license are subject to a review of their policies, customer protection procedures, compliance structures, market manipulation safeguards and Know-Your-Customer requirements, among other stringent measures. Source
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Singapore startup Cyberdyne Tech Exchange (CTE) sold its first tranche of carbon neutrality tokens backed by Chinese carbon credits, according to a Monday press release.The exchange said it would sell the tokens, dubbed Carbon Neutrality Token (CNT), back in July.CTE sold tokens corresponding to 5,000 metric tons of carbon credits
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Binance has announced some changes to its crypto trading services for customers in Singapore.According to a statement on its website published on Monday, Singapore-based users will be geo-fenced from certain account functions on the Binance.com website.Binance users in Singapore will no longer have access to fiat deposits, crypto spot trading,
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BusinessUsers will no longer be able to access fiat deposit services, spot trading of crypto or buy crypto through fiat channels or liquid swap.By Jamie CrawleySep 27, 2021 at 10:09 a.m. UTCUpdated Sep 27, 2021 at 10:09 a.m. UTCSingapore. (Shutterstock) Original Source
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Red Date Technology, the company developing China’s Blockchain Services Network (BSN), wants the project to move past its government roots as it pushes for international expansion in a tumultuous geopolitical climate.Red Date filed in late July to register a nonprofit foundation in Singapore to manage the international version of the
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“We believe this is an opportune time to launch Powercrypto, as we look to expand our global operations of crypto mining and digital assets. Powerbridge is well positioned to accelerate the growth of our crypto businesses and generate promising revenue from it,” said Stewart Lor, president of Powerbridge. Original Source
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