Posts From Fintechnews Singapore

Visa Launches “Eco Benefits” to Help APAC Cardholders Track Their Carbon Footprint

Visa announced the launch of a suite of sustainability-focused solutions “Visa Eco Benefits” in Asia Pacific to help its cardholders better understand the environmental impact of their day-to-day payments. User will be able to calculate the carbon footprint generated by

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MAS Mulling Stablecoin Regulation in the Wake of TerraUSD and Luna Collapse

The Monetary Authority of Singapore (MAS) is actively reviewing its approach to the regulation of stablecoin in the wake of the collapse of the TerraUSD (UST) and Luna tokens, and will consult the public in the coming months. The regulator

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Temasek Ramps up Investment in Fintech Amidst Global Downturn

Singapore’s state-owned investor Temasek is doubling down on fintech this year, participating in at least seven funding rounds involving companies in the sector since the beginning of the year, an analysis by Fintech News Singapore found. The figure nearly matches

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MAS Issues Full DPT License to Digital Treasures Center

Digital Treasures Center (DTC), a payment company based on distributed ledger technology, announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The company was previously granted an in-principle approval in March

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Singtel Steps up Investment in Its Venture Arm Innov8 to US$350 Million

Singtel announced its plan to invest a further US$100 million into its corporate venture arm Singtel Innov8, raising its total capital commitment to US$350 million. Innov8 invests in startups that align with Singtel Group businesses in the areas of 5G,

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OrBit Raises US$4.6 Million in Fundraise Led by Matrixport

OrBit Markets, an institutional liquidity provider in crypto options and structured products, has raised US$4.6 million in an angel funding round led by Matrixport, a digital assets financial services ecosystem. The oversubscribed round also witnessed participation from Brevan Howard Digital,

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Zipmex Files Moratoria for All Its Entities to Buy Time for Debt Restructuring

Singapore-based cryptocurrency exchange Zipmex announced that it has filed for for moratoria for all its entities under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 to buy some time to restructure its debts. The entities that have sought

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Sparrow Secures Full License to Provide Digital Payment Token Services

Digital assets trading platform Sparrow announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide Digital Payment Token (DPT) services. Sparrow was previously issued an In-Principle Approval (IPA) from MAS

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MAS and India’s IFSCA Sign MoU for Supervisory Cooperation

India’s International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) on supervisory cooperation in the presence of the Prime Minister of India Shri. Narendra Modi. The IFSCA is a

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VCs, Industry Players Bullish on Long-Term Prospects Despite ‘Crypto Winter’

The cryptocurrency market is down significantly since the end of 2021, with the overall market losing nearly 70% of its value from its last all-time-high levels of nearly US$3 trillion in November 2021. But despite what some are referring to

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