Posts From Fintech News Singapore
Nexo Intends to Fully Acquire Embattled Vauld
Nexo, a Zug-based digital assets institution, announced that it intends to fully acquire Singapore-based crypto platform Vauld. According to Nexo, it has signed an indicative term sheet that grants its a 60-day exclusive exploratory period to complete the due diligence
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MAS Threatens Supervisory Action if Banks Exceed 4 Hours of Downtime
The Monetary Authority of Singapore (MAS) takes seriously all IT incidents that affect the availability of digital banking services, said Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS in a parliamentary reply. He added that four major retail
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Crypto Exchange Binance Pursues Aggressive Expansion Plan in Southeast Asia
Binance has embarked on an aggressive expansion plan in Southeast Asia where the cryptocurrency exchange is looking to capitalize on booming trading activity to establish leadership in the region, and build influence in local markets. These ambitions were materialized by
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Singaporean Crypto Exchange Vauld Suspends All Withdrawals, Trading and Deposits
Singapore-based crypto platform Vauld announced that it will suspend all withdrawals, trading and deposits on its platform with immediate effect. Vauld said in a statement that it is facing financial challenges as it had to contend with customer withdrawals in
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MAS Considers Imposing Additional Safeguards Against Crypto Trading
The Monetary Authority of Singapore (MAS) has been carefully considering the introduction of additional consumer protection safeguards to protect them against sharp speculative price swings. Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS said in a parliamentary reply
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Singlife With Aviva Backs Local SMEs’ Digitisation With Grab, Google, Razer Fintech
Homegrown insurer Singlife with Aviva announced the launch of a cross-industry collaboration “A Better Odyssey” which will help promising startups and small and medium-sized enterprises (SMEs) in Singapore to digitalise and scale their operations. In the initial phase, A Better
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Binance to Share Expertise on Digital Assets With Cambodian Regulator
Global cryptocurrency exchange Binance announced the signing of a Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC). Binance and SERC will collaborate to develop the securities sector in Cambodia where the former will share its technical
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Three Arrows Capital Rebuked for Misleading MAS and Exceeding Its AUM Threshold
The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (TAC) for providing false information to the regulator and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). In August
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World’s Most-Followed Tiktoker Khaby Lame Joins Binance as Brand Ambassador
Global cryptocurrency exchange Binance has partnered with Khaby Lame, the Italian Senegalese creator who grew to fame through his viral TikTok videos, to join as a global brand ambassador. Binance will partner with Khaby on exclusive NFT collections as well
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Global Processing Services Appoints Fiserv’s Kevin Schultz as CEO
Payment technology platform Global Processing Services (GPS) announced that it will be promoting its current CEO, Joanne Dewar, to Vice Chair while Kevin Schultz takes her place effective immediately. Joanne will maintain her position on the GPS board, where she
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