Crypto
Thai SEC Issues New Rules for Crypto Firms, Bans Lending Services
The Thailand Securities and Exchange Commission (SEC) has issued a new set of guidelines for crypto platforms including banning them from offering lending services to customers. According to the new SEC guidelines, these firms will have to disclose a warning
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MAS Says Crypto Firms Must Segregate Customers’ Assets in a Trust by End-2023
Digital Payment Token (DPT) service providers will have to segregate customers’ assets from its own assets and safekeep it under a statutory trust before the end of the year, according to several new requirements laid out by the Monetary Authority
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Crypto.com to Set up Global Innovation Lab for Blockchain, WEB3.0 and AI Projects
Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub. The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as
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Ripple Gets In-Principle Approval to Offer Digital Payment Token Services
Ripple’s Singapore subsidiary has obtained in-principle approval for a Major Payments Institution license from the Monetary Authority of Singapore (MAS). The enterprise blockchain and crypto solutions provider will now be able to offer regulated digital payment token products and services
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dtcpay Raises US$16.5M Pre-series A to Expand Global Presence
dtcpay, a Singapore-based digital payments platform, has raised US$16.5 million in a pre-Series A funding round led by the Chairman of Pontiac Land Group Kwee Liong Tek. The firm said that the funding will be used to further invest in
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SEC Files Emergency Motion to Freeze Binance’s U.S. Assets
The U.S. Securities and Exchange Commission has filed an emergency action application seeking a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. The SEC said that it wants to ensure that Binance.US customers’ assets are protected
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U.S. SEC Files 13 Charges Against Binance and Changpeng Zhao for ‘Web of Deception’
The U.S. Securities and Exchange Commission has charged crypto exchange Binance and its founder Changpeng Zhao with a variety of securities law violations. The regulator alleged that while Zhao and Binance publicly claimed that U.S. customers were restricted from transacting
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Crypto.com Secures License for Digital Payment Token Services in Singapore
Crypto.com, a leading cryptocurrency platform, has announced that it has been granted the Major Payment Institution (MPI) license for Digital Payment Token (DPT) services by the Monetary Authority of Singapore (MAS). This development follows Crypto.com’s previous in-principle approval from MAS
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Binance Taps Richard Teng to Head Its Regional Markets Outside U.S.
Global cryptocurrency exchange Binance has appointed Richard Teng to head its regional markets outside the United States. Teng revealed the news on LinkedIn and will begin his new role on Monday. This announcement comes on the heels of the increasing
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Temasek to Slash Compensation of Team That Greenlit FTX Investment
Singapore’s sovereign wealth fund Temasek said that it will slash the compensation of the investment team and senior management involved in greenlighting the US$275 million funding in now-bankrupt crypto exchange FTX. Temasek’s chairman Lim Boon Heng said in a statement
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