Cryptocurrency Analysis and News Portal
Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users.In a Wednesday announcement, Hodlnaut said the partnership would allow its users and those on Okcoin to purchase cryptocurrencies and earn rewards on their holdings. The lending
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Singapore Monetary Authority has placed the Binance exchange on its alert list of investors on Wednesday. This is due to some concerns about the possibility that the crypto exchange might have violated the local payments laws. On Sunday, the global crypto exchange has announced its intention to cancel its product offering
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Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.” Binance
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The Monetary Authority of Singapore (MAS) finally shortlisted 15 companies that will assist in developing retail CBDC. These firms will participate in the Global CBDC challenge and help build the in-house retail central bank digital currency. MAS announcement indicates that the participants include four companies from the United States and six
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The list of regulators warning that Binance is illegally operating in their jurisdictions continues to grow. The authorities in Singapore and South Africa have become the latest to warn that the global cryptocurrency exchange may be in breach of their local laws. South Africa’s Financial Sector Conduct Authority Warns Against Binance The
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The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank
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The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency (CBDC).An announcement shared by the MAS shows that the finalists include six companies from Singapore, four from the United States, and one each from Australia, Barbados, Germany,
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The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA), and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries' digital verification systems in issuing and verifying trade documents.The collaborative venture was a part of the Australia-Singapore Digital
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South Korean Internet giant Kakao launched two blockchain units in Singapore as part of the company’s plans to expand its blockchain reach for the Klaytn project globally. Two Blockchain Entities in Singapore According to the Korea Herald on Monday (August 16, 2021), the two blockchain-based entities established in the city-state are the
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Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the
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