Crypto
MAS Grants DPT License to MetaComp to Offer Crypto Services in Singapore
Singaporean firm MetaComp, formerly known as Cyberdyne Tech Services, has secured a Major Payment Institution license from the Monetary Authority of Singapore (MAS) to provide digital payment token services. MetaComp will now be able to offer an end-to-end suite of
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DPM Lawrence Wong Says FTX Investment Caused Reputational Damage to Temasek
Temasek’s US$275 million investment in now-bankrupt crypto exchange FTX has not only caused financial loss but also reputational damage to the Singapore’s state-owned investor said Lawrence Wong, Deputy Prime Minister (DPM) and Minister for Finance, and Deputy Chairman of MAS
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MAS Says Singapore Banks’ Exposures to Cryptoassets Are Insignificant
Singapore’s Senior Minister and Minister in charge of the Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam said that banks in the country are required to hold S$125 of capital against an exposure of S$100 to a cryptoasset like Bitcoin. In
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Here Are All The Licensed Crypto Services Providers in Singapore
On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends
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MAS Explains Why Binance Was Pinned on Investor Alert List but Not FTX
The Monetary Authority of Singapore (MAS) did not place the now-collapsed crypto exchange FTX on its Investor Alert List as it had no evidence that the latter was soliciting Singapore users specifically. In a statement addressing some questions and misconceptions
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Temasek Latest to Write Down US$275 Million Investment to Zero in FTX
Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy protection filing. Temasek had invested US$210 million for a minority stake of ~1%
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The FTX Collapse: Sam Bankman-Fried’s Dramatic Fall From Grace
In a dramatic turn of events, FTX filed for bankruptcy protection in the United States, with CEO and founder Sam Bankman-Fried resigning from his role. This was after Binance pulled the plug on its acquisition of FTX in a remarkable
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Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit
The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event
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Streaming Platform Bigo Live Partners TripleA to Enable Users to Pay With Crypto
Social live streaming platform Bigo Live has partnered with crypto payment gateway TripleA to enable their users to top up account by paying with cryptocurrencies. The crypto payments, which includes Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC),
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Binance to Set Up Industry Recovery Fund Following FTX’s Collapse, Says CZ
Cryptocurrency exchange giant Binance’s Chief Executive Officer Changpeng ‘CZ’ Zhao announced plans for an industry recovery fund amidst FTX’s staggering collapse in recent weeks. CZ also called upon other like-minded industry players with resources to co-invest in the fund to
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