Digital Assets

Alchemy Pay Gears up to Launch Web 3.0 Digital Bank for Businesses

Alchemy Pay, a provider of fiat-crypto payment solutions, is preparing to launch its Web 3.0 digital bank. This new initiative aims to provide global Web 3.0 businesses with a compliant and efficient way to manage multi-fiat accounts, streamline cash flows,

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Thai SEC Seeks Public Input on Revised Capital Rules for Digital Asset Operators

Thailand’s Securities and Exchange Commission (SEC) is calling for public input on proposed regulations concerning capital requirements for securities companies and derivatives business operators involved in digital asset services. These updated regulations aim to align with current market developments, ensure

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Binance and Kucoin Approved to Provide Virtual Asset Services in India by FIU

The Financial Intelligence Unit (FIU) of India has granted approval to the cryptocurrency exchanges Binance and Kucoin to operate as Virtual Asset Service Providers (VASPs) in the country, according to the Economic Times. Vivek Aggarwal, Director of FIU-IND, confirmed the

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XREX Singapore Gets MAS Greenlight for Crypto Payments License

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The license, which enables the company to provide digital payment token services, follows the

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Thai SEC Warns Against Listing Meme Tokens on Digital Asset Exchanges

Thailand’s Securities and Exchange Commission (SEC) has reiterated that digital asset exchanges are not allowed to list meme tokens, citing a lack of fundamental value and high risk of price manipulation. This move is aimed at maintaining order in digital

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Lawrence Wong Addresses Regulatory Actions Following Terraform Labs’ Collapse

Deputy Prime Minister and Minister for Finance and Chairman of Monetary Authority of Singapore (MAS) Lawrence Wong, addressed the regulatory aftermath of the Terraform Labs’ collapse in a parliamentary session yesterday (8 May  2024). Terraform Labs, the company behind the

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UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation

The United Kingdom and Singapore had convened for the 9th UK-Singapore Financial Dialogue yesterday (8 May 2024) to deepen their cooperation in sustainable finance and fintech. The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial

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Thailand Set to Block Access to Unauthorised Crypto Platforms

Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms. This move aims to enhance law enforcement

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BIS: Stablecoins Offer Promise, but Need Consistent Regulation

The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions. Authored by Juan Carlos Crisanto, Johannes Ehrentraud, and Denise Garcia Ocampo, this

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Ripple Plans to Launch USD-Pegged Stablecoin

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This forthcoming stablecoin is set to be fully backed by a mix of US dollar deposits,

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