Blockchain/Bitcoin

MAS Announces Successful Trial of Blockchain Based Prototype for Multi-Currency Payments

The Monetary Authority of Singapore (MAS) announced that they have led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. In a media statement, they stated that this

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This Team Creates Your Crypto Enabled Swiss Bank Within 9 Months

All the way from Switzerland, we met Lloyd’s & Partners for an exclusive interview on how to build a licensed Swiss crypto bank within just nine months. Lucas Landolt, Head of Operation and Stefan Jans, Head of Communication, gave Fintechnews

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DBS and IMDA to Launch Open-Sourced Blockchain Trade Platform

To leverage Singapore’s global trade connectivity, DBS Bank and Trafigura, in collaboration with Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin, have come together to develop an open-sourced blockchain trade platform to

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Singapore Based Fintech to Launch Blockchain Based Bond Exchange

Singapore-based BondEvalue today announced that it has been approved to enter the Monetary Authority of Singapore’s (MAS) Sandbox Express to launch a blockchain-based bond exchange. The platform will offer a unique proposition to reduce the minimum investment amount of bonds

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Singapore’s Blockchain Map Proves That It Is a Hotbed for Blockchain Innovation

Singapore has long established itself as the leading fintech hub in South East Asia, of late it also increasingly becoming a hotbed for blockchain innovation. The city-state is home a healthy blockchain ecosystem comprising numerous players tackling areas ranging from

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CIMB Singapore Rolls Out Blockchain Trade Financing with iTrust

CIMB Singapore and iTrust today announced that they have successfully completed their first structured trade financing transaction on iTrust’s Blockchain and Internet of Things (IoT) platform. The transaction involves the financing of dairy products imported into China and is expected

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Swiss Research Firm Lists Singapore’s Best and Worst Crypto Exchanges

Cryptogenes, a market research firm operating out of Switzerland through the legal entity HeyDays Services, has released a report detailing the results of an audit of Singapore’s 20 centralized cryptocurrency exchanges. The audit evaluates the overall quality of all of

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What are Stablecoins and Why Is it Growing in Asia?

Stablecoins are cryptocurrencies designed to minimize price volatility, it is often praised for offering the advantages of cryptocurrencies, including transparency, efficiency and low transaction fees, while overcoming the wild price swings inherent to the likes of bitcoin and ether. Proponents

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Singapore Thinks Libra is a Risk But Does Not Want to Miss out on Its Potential Benefits

Ravi Menon, Managing Director of Monetary Authority of Singapore, joins a growing list of regulators around the world voicing their concerns about Facebook’s Libra. In an interview with Financial Times, he said that Facebook’s Libra raises a global financial risk

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Meet the 8 Startups Selected for Singapore’s Government Backed Blockchain Accelerator

Tribe Accelerator, a blockchain accelerator backed by Enterprise Singapore, announced the onboarding of new partners to its program. Despite having launched only last year Tribe Accelerator has already garnered the support of multiple government and corporate partners, including AXA, BMW

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