Hong Kong to Launch Asia’s First Crypto-Linked Inverse ETF Amid Bitcoin Market Volatility
#HongKong to launch #Asia’s first crypto-linked inverse #ETF as #Bitcoin’s price rebounds. #Bitcoin #ETF #HongKong”
Singapore
Ripple Partner Oceanus Leverages ODL Solutions for Odin Pay in Singapore Elevating Blockchain Solutions
#Oceanus, a #Ripple partner in #Singapore, utilizes #ODL for #OdinPay, digitizing #trade #finance and achieving impressive transaction volumes. #Crypto #Blockchain #XRP
Ripple CEO Expresses Pride Over Latest Milestone in Singapore
#Ripple obtains full #MPI license in #Singapore, bolstering #cryptoadoption in a progressive regulatory landscape. #XRP #Crypto #Blockchain
Crypto Exodus from USA to UK, EU, UAE, Hong Kong, Singapore
The USA may experience a mass exodus of cryptocurrency businesses and investors, as countries like UK, EU, UAE, Hong Kong, and Singapore welcome them.
Singapore High Court Rejects Cryptocurrency as Money in Legal Dispute
Singapore High Court denies cryptocurrency as money in legal case involving Algorand Foundation and Three Arrows Capital, highlighting regulatory challenges.
Temasek Writes Down its Full $275M FTX Investment to $0.
Temasek Holdings, a Singaporean state investor, said that it will write off the whole value of its $275 million stake in the collapsed crypto exchange FTX.
First Pilot for Digital Asset and DeFi Goes Live: MAS
The first industrial pilot under Project Guardian, which investigates possible decentralized finance (DeFi) applications, officially began on Wednesday.
Terra’s Do Kwon Facing Yet Another Lawsuit in Singapore
A complaint has been filed in Singapore against Do Kwon, the co-founder of Terraform Labs who may be subject to legal action in South Korea and the US.
Survey Shows Asian Families Are Investing More In Crypto
Family offices and high-net-worth individuals in Asian countries are eager to invest in cryptocurrency or already hold digital assets
Crypto Giant Coinbase Obtains a Permit In Singapore
As a result of authorization from the central bank to provide its cryptocurrency services in the city-state, Coinbase has joined the Singaporean market.
Singapore Plans to Broaden Crypto Regulations After Shakeout
Singapore is a popular location for cryptocurrency companies. Recent market events clearly demonstrated the risks with prices of several cryptocurrencies dipping significantly. Singapore’s government plans to tighten restrictions on retail investment in cryptocurrencies. Following a string of difficulties including Terra 3AC Babel Vauld, the Singapore government plans to tighten restrictions on retail investment in cryptocurrencies, aligning with global authorities and expanding regulation coverage. The Monetary Authority of Singapore (MAS) said in a statement that the new measures are intended to “strengthen investor protection and safeguard the integrity of the financial system”. Singapore is a popular location for cryptocurrency companies due
Singaporean Central Bank Tightens Crypto Licensing
The Monetary Authority of Singapore (MAS), Singapore’s central bank and crypto regulator, imposed a stringent licensing process on crypto service providers. “We want to be a responsible global crypto hub,” said Ravi Menon, the Managing Director of MAS. He pointed out that people can use crypto for money laundering and financing terrorists. Singapore’s central bank and crypto regulator — Monetary Authority of Singapore (MAS) — said that the process of licensing crypto service providers must be stringent. Ravi Menon, the Managing Director of MAS, shared his concerns about the risks of investing in cryptocurrency. Specifically, he spoke to retail investors
