Blockchain/Bitcoin
Australia Begins Blockchain Trial With Singapore for Cross Border Trade
The Australian Border Force (ABF) begins a blockchain trial for cross border trade with Singapore’s Infocomm Media Development Authority (IMDA). This partnership is in line with the bilateral Australia-Singapore Digital Economy Agreement. A trial was launched on 23 November with
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Singapore Leads the Way As Stock Exchanges in Asia Pacific Are Embracing DLT
Across Asia Pacific, stock exchanges have accelerated the adoption of smart contract technology and DLT to optimize market workflows. The Australian Securities Exchange (ASX) is looking to replace its Clearing House Electronic SubRegister System, or CHESS, with new DLT and
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Cambodia’s Central Bank Pioneers Digital Currency in South East Asia with Launch of Bakong
The National Bank of Cambodia has officially launched its retail central bank digital currency (CBDC) named Project Bakong, co-developed by Japanese fintech company SORAMITSU. The central bank is the first in South East Asia to do so. Bakong is a
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Trust and Security Challenges Remain Despite Rising Blockchain Adoption
Blockchain continues to mature this year as corporates move away from experiments towards the development of robust enterprise ready solutions. While 2019 revealed that blockchain is real and can serve as a pragmatic solution to business problems, 2020 saw leaders
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Choosing the Best Cryptocurrency for Investment
Since its inception, people have always had different opinions about different ways to buy bitcoin, cryptocurrencies, performance, and credibility. Despite all the debates and discussions, new cryptocurrencies keep emerging. It is expected that newbies won’t know their way around when
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Facebook’s Libra Hires Former HSBC Exec Ian Jenkins to Double as Both CFO and CRO
The Libra Association, an independent member organization developing a blockchain-based payment system, appointed Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks. Libra Networks, a wholly-owned subsidiary of the Libra Association, will manage the operations
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Singapore’s STACS Co-Develops Blockchain Platform with Swiss Private Bank, EFG
Hashstacs (also known as STACS), a Singaporean fintech company focusing on blockchain solutions, announced its partnership with Swiss EFG Bank (EFG) to co-develop a blockchain platform that will enhance and simplify the processes of structured products. Dubbed “Project Nathan –
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BondEvalue Gets the Green Light From MAS for Blockchain-Based Bond Exchange
Singapore-based fintech BondEvalue has been approved as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). It operates BondbloX Bond Exchange (BBX), a blockchain-based bond exchange that aims to bring trading of a wide range of fixed-income
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DBS and SC Led Industry Workgroup to Develop Blockchain-Powered Trade Finance Registry
DBS and Standard Chartered jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) proof of concept (POC) to enhance lending practices and improve transparency in commodity trade. Supported by Enterprise Singapore
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Sygnum Group and SBI Group Launch Early-Stage Fund to Back Digital Asset Startups
Switzerland-based digital asset bank Sygnum Group and SBI Group, a Japan based financial conglomerate, have entered into a partnership to establish an early-stage fund investing in digital asset opportunities across South East Asia and Europe. Its Singapore entity, Sygnum Pte.
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