Category: Singapore

Asian CBDC projects: What are they doing now?

Asian CBDC projects: What are they doing now?

The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given their capacity to use blockchain technology to facilitate a simplified […]

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Singapore finance authority grants licenses to Independent Reserve and DBS

Singapore finance authority grants licenses to Independent Reserve and DBS

DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services. 858 Total views 27 Total shares Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country. MAS issued Oct. 1 licenses to Australian crypto exchange Independent Reserve and […]

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Binance limits SGD product offerings in Singapore amid regulatory warnings

Binance limits SGD product offerings in Singapore amid regulatory warnings

The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 over concerns that the crypto exchange may have violated local payments regulations. 9760 Total views 33 Total shares Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company […]

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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

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43% of Singaporeans own crypto, according to Independent Reserve survey

43% of Singaporeans own crypto, according to Independent Reserve survey

The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. 4781 Total views 23 Total shares Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other […]

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