Crypto

MAS Tightens Crypto Trading Rules, Credit Card Payments No Longer Allowed

The Monetary Authority of Singapore (MAS) has instructed Digital Payment Token (DPT) service providers to cease accepting locally issued credit card payments in a move to limit cryptocurrency speculation among retail customers. This directive is a critical part of MAS’

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Richard Teng Named Binance CEO Amidst CZ’s Criminal Charges, US$4.3B Fine

Richard Teng has been appointed CEO of crypto exchange Binance, following the resignation of Changpeng Zhao (CZ) who pleaded guilty to criminal charges for anti-money laundering and violations of U.S. sanctions. Teng, previously serving as the Global Head of Regional

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Mastercard and Feedzai Join Forces to Combat Rising Crypto Exchange Fraud

Feedzai, a financial crime and risk management solution provider, has joined forces with Mastercard to enhance crypto fraud protection. This collaboration aims to mitigate the risk of account-to-account fraud involving cryptocurrency exchanges. Recent data reveals that approximately 40% of scam

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Thailand’s KBank Buys 97% Stake in Crypto Exchange Satang, Renames It Orbix

Thailand’s KASIKORNBANK (KBank) has acquired a 97% stake in the parent firm of crypto exchange Satang for 3.705 billion Thai baht (US$102.8 million). The bank intends to rename the crypto exchange to Orbix Trade Company, according to a filing to the Stock

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From Virtual to Real Property – DeFi Mortgages and Gen Z Wealth Building

Real estate is overactive everywhere, including the metaverse. Statista estimates the value of the metaverse at $65.5 billion in 2022, with the virtual real estate market at around $500 million. Virtual property prices are exploding with metaverse real estate agents

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South Korean Crypto Firm Upbit Gets Regulatory Greenlight in Singapore

Upbit Singapore, a subsidiary of South Korean crypto exchange Upbit, has received in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This will allow Upbit Singapore to continue providing regulated Digital Payment Token

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The Evolution of Regulatory Policies for Crypto-Assets, According to IMF and FSB

In a world entwined with technological evolution, crypto-assets have emerged as a key player, with their existence spanning over a decade reflecting both significant opportunities and multifaceted risks. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have

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Central, Southern Asian Countries Top Global Crypto Adoption Index

In a world undergoing rapid economic and digital transformation, the face of currency is changing at a revolutionary pace, yielding a proliferation in global crypto adoption. The Chainalysis Global Crypto Adoption Index, now in its fourth annual iteration, amalgamates both

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Ripple Obtains Full License to Offer Crypto Payment Services in Singapore

Ripple, a provider of enterprise blockchain and crypto solutions, has obtained a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS) to offer Digital Payment Token services. Following the in-principle approval of its license application in June

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Coinbase Singapore Receives Major Payment Institution Licence from MAS

Coinbase Singapore has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). This follows its initial In Principle Approval and facilitates an extended offering of Digital Payment Token services in Singapore. Singapore’s growing role

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