Digital Assets
Grab Partners Circle to Bring Web3.0 Experiences for Singapore Users
Circle Internet Financial and Southeast Asian ride-hailing super app Grab has partnered to pilot Web3.0 customer experiences in Singapore. Grab’s foray into Web3.0 was reported by Fintech News Singapore on Monday (11 September). The article features screen grabs of the
Read More
StanChart’s Zodia Custody Expands to Singapore
Zodia Custody, a digital asset custodian backed by banks, has expanded to Singapore. Standard Chartered, SBI Holdings and Northern Trust are among Zodia’s shareholders. According to Zodia, it is the first entity owned by, and partnered with, banks to provide
Read More
MAS Approves Digital Asset Exchange AsiaNext as Recognised Market Operator
AsiaNext, a digital asset exchange for institutional investors, announced that it has secured a license as a Recognised Market Operator (RMO) from the Monetary Authority of Singapore (MAS). The license allows AsiaNext to operate an organised market for securities and
Read More
YES BANK Expands e-Rupee Acceptance with UPI QR Code Integration
India’s YES BANK has enabled Unified Payments Interface (UPI) interoperability on the Reserve Bank of India’s (RBI) Central Bank Digital Currency (CBDC) app. This enables users to scan any UPI QR code through the YES BANK Digital Rupee app and
Read More
7 Key Areas to Know About The New Stablecoins Framework in Singapore
Stablecoins, emerging as a new category of digital payment tokens (DPTs), hold immense potential to transform payment methods. The Monetary Authority of Singapore (MAS) has streamlined and finalised its approach towards a framework for stablecoins in Singapore, taking into account
Read More
MAS Lays Out Finalised Stablecoin Framework
The Monetary Authority of Singapore (MAS) has finalised its new stablecoin regulatory framework which included feedback from a public consultation in October 2022. The regulator said that the framework will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar
Read More
Strong Support for CBDCs in Emerging Asia, But Concerns Loom
The rise of digital technologies has triggered a paradigm shift in the financial landscape, with central bank digital currencies (CBDCs) emerging as a crucial topic of discussion among policymakers and financial professionals globally. As the opportunities and challenges of incorporating
Read More
Blockchain.com Secures Digital Payment Token License in Singapore
Crypto company Blockchain.com was granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on 1 August 2023. With this new license, Blockchain.com will be able to provide regulated digital payment token (DPT) services to its
Read More
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