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The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies
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MAS says the Order bans the Three Arrows Capital founders from managing, directing, or being a shareholder of any registered capital markets services firm in Singapore. Source
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The company disclosed that its expansion into Singapore is not an isolated endeavor but a part of its broader global strategy. In a bid to cater to the surging demand for secure digital asset storage solutions in the Asia-Pacific region, Zodia Custody, a crypto storage provider and subsidiary of Standard Chartered
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Zodia Custody, a cryptocurrency storage provider and a subsidiary of Standard Chartered, has launched in Singapore, to provide digital asset custody services for financial institutions. Source
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Artfi, an art and collectible investment project, will sponsor Token2049, one of the largest crypto events in Singapore. Artfi announces Token2049 sponsorship The official announcement was made during an X space session dubbed “Redefining Ownership of Real-World Assets with Blockchain Technology” on Aug. 26, 2023. The Spaces Event was one of the largest
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Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.In a Sep. 6 blog post, Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff Gordon, marked the European Union, United Kingdom,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied McDonald’s Singapore collaborates with NFT artists The Hidden Walls and Bandwagon Labs, unveiling unique Grimace-themed digital collectibles. McDonald’s Singapore is delving into the world of non-fungible tokens (NFTs), focusing on Grimace, a character from the McDonaldland universe.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million)
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Singaporean branch of the nonprofit humanitarian organization Red Cross has partnered with the crypto payments gateway, Triple-A, to allow crypto donations. People can now donate four digital currencies — Bitcoin (BTC), Ethereum (ETH), USDT, and USDC.
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