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With cross-border interoperable blockchain systems gaining traction across the globe, it comes as no surprise that an increasing number of government agencies are looking to explore the full potential of this technology to make international transactions hassle-free in addition to ensuring the process is streamlined and transparent for users.In this
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A blockchain project from the Monetary Authority of Singapore (MAS) and state investor Temasek has completed its final development phase and is now being considered as the basis for commercial payments ventures. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides
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Singapore authorities announced today that their blockchain payments project, Project Ubin, is complete and ready for commercial launch. The Monetary Authority of Singapore, or MAS, first undertook Project Ubin in 2017 with plans to first develop a digitized Singapore dollar (SGD). The next steps involved exploring blockchain and distributed ledger technology
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A collection of organizations teamed up to produce a “map” of what the blockchain landscape looks like in Singapore, and it’s a lot bigger in 2020 than it would’ve been in 2019.Supported by a Singaporean governmental agency called the Infocomm Media Development Authority (IMDA), this map is mostly a collection
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Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust.According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s outstanding issued capital.The shares are
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Singapore's Court of Appeals has ruled against digital currency exchange Quoine on Monday in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades.The Straits Times reports that the case marks the first of its kind in the country’s history regarding a dispute
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M-DAQ will be working with Samsung to bring its cross-border payments and currency trading solutions across South Kore and East Asia.M-DAQ, a Singapore-based FinTech startup has added a new feather to its cap by receiving backing from Samsung Venture Investment Corporation. The Korean tech giant’s investment wing has recently joined
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