Digital Assets
Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage
Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.
Read More
Coinbase Users Can Now Send Money Via Email, Social Media, Messaging Apps
Cryptocurrency exchange Coinbase has upgraded its Wallet service, introducing features that significantly simplify and accelerate the process of sending money globally. This enhancement enables users to transfer funds via a variety of platforms, including widely-used messaging apps like WhatsApp, iMessage,
Read More
Independent Reserve and RelayPay Enable Crypto Payments for Aussie, NZ Firms
Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand. The partnership allows businesses associated with
Read More
DigiFT Secures Capital Markets License from Singapore Regulator
Singapore-based digital assets exchange DigiFT has been granted a Capital Markets Services (CMS) license and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). This enables DigiFT to legally deal in capital markets
Read More
Outgoing MAS Chief Ravi Menon Foresees Decline of Private Cryptocurrencies
Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon predicted the decline of private cryptocurrencies when speaking at the HKMA-BIS High-Level Conference hosted by Hong Kong’s central bank, according to a Bloomberg report. Menon criticised private digital coins by saying
Read More
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’
Read More
Digital Assets and Sustainable Finance Take Center Stage at Singapore Fintech Festival
At the Singapore Fintech Festival 2023, Ravi Menon, Managing Director of the Monetary Authority of Singapore, delivered an insightful address on fintech’s current and future direction. His speech thoughtfully reflected Singapore’s advancements in fintech since the previous year and a
Read More
Is the Financial Industry Ready for the Radical Shift in Digital Assets?
The world of financial services is undergoing a profound transformation driven by the convergence of data and emerging technologies. During the “Digital Assets: Connecting the Dots” keynote session at the London Stock Exchange Group’s Open Day as part of the
Read More
Ant International, Grab, StraitsX Explores Use of Digital SGD for Cross-Border Payments
Ant International, Grab, and StraitsX (part of Fazz) announced a collaboration to look into the potential of Purpose Bound Money (PBM) for cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be
Read More
XREX Singapore Gets In-Principle Nod for Crypto Payment Services
XREX Singapore, a blockchain-enabled fintech providing cross-border payments in emerging markets, has secured in-principle approval for a Major Payment Institution license to provide digital payment token services. The in-principle approval for XREX Singapore covers a range of payment services, including
Read More