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"The variance between the first half of the year and the second highlights the rapid shift in investor sentiment," said Anton Ruddenklau, Global Head of Financial Services Innovation and Fintech, KPMG International. "But the news wasn't all negative. Regtech, in particular, saw incredible investment in 2022." Source
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A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapore's central bank issued consultation papers and proposed to ban digital payment token service providers from offering "any credit facility" to consumers.
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Wong also addressed the investment of Singapore’s state-owned investment fund Temasek into FTX, saying that it had caused not just financial loss but also reputational damage. Days after Sam Bankman-Fried’s crypto enterprise filed for bankruptcy protection in the U.S., Temasek announced it had written off its entire FTX investment of
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According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bail out the crypto trading firm. Singapore’s state investor has been known to have invested in the cryptocurrency and
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Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8.In comments to Reuters, the sovereign wealth fund said it was "aware of the developments between FTX and
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Project Mariana, the measure aimed at foreign exchange and liquidity management, involves MAS, the central bank of France, Banque de France, and the central bank of Switzerland, Swiss National Bank, along with the Bank for International Settlements (BIS) Innovation Hub centres. The project will explore foreign exchange transactions with Swiss
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Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators. Source
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The Monetary Authority of Singapore (MAS) has wrapped up the first stage of its Project Orchid examination of a retail central bank digital currency (CBDC). According to the white paper released on Oct. 31, there is no “urgent case” for a retail CBDC in Singapore, but the study envisioned the infrastructure required
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Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so. According to an Oct. 24 report
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Blockchain.com becomes the second crypto exchange in two days to
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