Blockchain/Bitcoin

Thai Central Bank Set To Test Retail Digital Currencies in 2022

The Bank of Thailand (BOT) has laid out its plans following a recent study to begin testing a Retail Central Bank Digital Currency (Retail CBDC) in the second quarter of 2022. BOT had conducted a study on the implications of

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ADDX Partners Investcorp to Tokenise US Real Estate on the Blockchain

Investment management firm Investcorp and Singaporean private capital exchange ADDX partnered to expand the use of digital securities in the private market space. The first product that was offered under the partnership was a diversified portfolio of US residential properties

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Central Bank Digital Currency vs. Crypto: When Two Quarrel the Golden Third Rejoices

Cryptocurrencies are increasingly competing with state-issued legal tender. To hamper the advance of Bitcoin, central banks are developing digital legal tender. An old acquaintance from economic history will be rejoicing a third option. Central banks will do themselves a tremendous

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Kakao Sets up Non-Profit Entity in Singapore To Lead Klaytn Blockchain’s Expansion

South Korean Internet giant Kakao has set up a non-profit entity headquartered in Singapore named the Klaytn Foundation to accelerate the sustainable growth of Klaytn blockchain and its ecosystem. Klaytn is a service-centric blockchain platform that was previously led by

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MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial

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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand

Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint

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STACS Joins Mastercard’s Start Path Blockchain Programme

Singaporean blockchain development company Hashstacs (STACS) announced that it is joining Mastercard’s new global startup engagement programme Start Path. The programme is dedicated to supporting fast-growing blockchain and digital assets companies. STACS said in a statement that it is one

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Independent Reserve Gets MAS’ First in-Principle Approval for Digital Payment Tokens

Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services. According to a statement from the Independent Reserve, the firm said that

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Bitmain’s Spin-off Matrixport Valued Over US$1 Billion With US$129 Million Fundraise

Matrixport, a digital assets financial services platform that is a spin-off of Bitmain, has closed its US$129 million Series C funding round with a valuation of over US$1 billion two years since its inception. The Singapore-based startup has raised US$129

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Swiss SEBA Bank Strengthens APAC Presence With Appointment of New Asia CEO

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced the appointment of Sam Lin as its Chief Executive Officer for Asia with immediate effect. This appointment is in line with SEBA Bank’s aim to strengthen

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