Digital Assets
Abhi Bisarya Takes Helm as Chief Product Officer at Crypto.com
Digital asset exchange Crypto.com has promoted Abhi Bisarya as its Chief Product Officer. In this role, Bisarya will continue to lead Crypto.com’s product development and strategy as part of the company’s executive leadership team. Formerly the EVP for Product at
Read More
SCB and Thai Central Bank Pilots Retail CBDC App
Siam Commercial Bank (SCB) and the Bank of Thailand (BOT) have developed an app as part of a retail Central Bank Digital Currency (CBDC) pilot project. The pilot programme is limited to a select group of whitelisted participants who will
Read More
BIS Survey Reveals 93% of Central Banks Engaged in CBDC Work
The rise of digital currencies and the increasing interest in blockchain technology have sparked significant developments in central bank digital currencies (CBDCs) and crypto assets. Central banks worldwide are actively exploring the potential benefits and implications of CBDCs while monitoring
Read More
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
Read More
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
Read More
MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
Read More
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
Read More
Circle Singapore Gets Full License to Offer Digital Payment Token Services
Circle Singapore, a peer-to-peer payments technology company that manages stablecoin USDC, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money
Read More
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
Read More
Bitcoin Poised to Reach US$100,000 by End-2024, Says StanChart Researcher
Bitcoin is likely to reach US$100,000 by the end of next year in a sign that the crypto winter might be waning, according to lead researcher at Standard Chartered, Geoff Kendrick in a note on April 24. As the bank’s
Read More