Crypto
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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Monetising in the Metaverse: Distant Possibility or Reality?
In the virtual world of the metaverse, people don’t just visit – they inhabit. It’s a place where they can be whoever they want to be and do whatever they want. The term ‘metaverse’ was first coined in a book
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Crypto.com to Issue Credit Cards With Crypto Capabilities in Singapore
Crypto.com is now a Visa associate programme member in Singapore, enabling the company to initiate self-issuance of the Crypto.com Visa card in the country. The Crypto.com Visa Card comes with a cryptocurrency capability and is accepted by more than 80
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Ravi Menon Lays Out Singapore’s Crypto Hub Ambitions at SFF 2022
Singapore wants to be a crypto hub, but only if it means being a hub for sound and well-regulated tokenised and digital assets with value-adding use cases, according to the Monetary Authority of Singapore (MAS). This means discouraging retail investment
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Pundi X Launches Point-of-Sale Machine Supporting Crypto Payments
Blockchain payments company Pundi X has launched XPOS Web 3.0, a point-of-sale machine which supports crypto payments made using third-party blockchain wallets. XPOS Web 3.0 builds on XPOS, the company’s flagship point-of-sale machine enabling brick-and-mortar retailers to accept crypto payments
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BigPay to Enable Users to Top Up Using BTC and ETH
BigPay, a Southeast Asian challenger bank and Capital A venture company, has launched its crypto top-up feature without any hidden fees. The latest offering was rolled out in partnership with TripleA, a licensed crypto payment gateway licensed by the Monetary
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MAS Proposes Measures to Regulate Cryptocurrency Trading and Stablecoins
The Monetary Authority of Singapore (MAS) published two consultation papers proposing regulatory measures for cryptocurrency trading and stablecoins that are to be part of the Payment Services Act. MAS is of the view that cryptocurrencies, which it refers to as
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Could Decentralized Finance (DeFi) Redefine Banking in South East Asia?
Decentralized finance – often called “DeFi” – is a hot topic in the cryptocurrency world, with billions of dollars’ worth of value locked into various protocols and platforms. At its core, the decentralized finance movement aims to upend the decades-old
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MAS Grants In-Principle Approval to Blockchain.com for Crypto Services
Blockchain.com has secured an in-principle approval for the Major Payment Institution License from the Monetary Authority of Singapore (MAS) to begin offering Digital Payment Token (DPT) services. With this preliminary approval, Blockchain.com said that it will continue to service institutional
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MAS Grants Coinbase In-Principle Approval to Offer Crypto Services in Singapore
Cryptocurrency exchange platform Coinbase announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to to provide Digital Payment Token (DPT) services in the island state. Singapore has served as Coinbase’s Asia Pacific hub as the
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