Singapore Crypto News

The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.

Asia currently holds 7.3% of the total Bitcoin supply as market moves inversely to the West

While Buterin appreciates Singapore's willingness to be supportive of crypto and blockchain, the country cannot have "one without the other".

Temasek revealed that it conducted an extensive due diligence process on FTX, which lasted 8 months between February and October 2021.

The financial regulator argued that it did not have have cause to list FTX on its Investor Alert List.

The Innovation Hub of the Bank for International Settlements (BIS) launched its latest project to explore the use of automated market makers to facilitate foreign exchange markets and CBDC payments.

JPMorgan carried out the transaction on Ethereum layer2 network Polygon because of its cheap transaction fees, and leveraged Aave Protocol's permissioned pool concept.

Paxos's license was approved by MAS, while Circle only got its in-principle approval. 

According to the report, this will enhance live transactions with numerous merchants by issuing vouchers using a blockchain and tokenized Singapore dollars.

The funding round was co-led by Crypto.com Capital and Synergies Capital. Other participants in the round are Huobi Incubator, M77 Ventures, and J17 Capital. 

Vitalik Buterin says ZKPs are necessary for Ethereum, Binance overshadows Huobi in derivatives trading, and more in this edition of CryptoSlate Wrapped Daily.

Monetary Authority of Singapore (MAS) published two consultation papers with a host of new regulatory measures to limit activities of digital payment token services, stablecoin issuers and their customers.

The protocol had promised to compensate every victim of the exploit that took place on Oct. 18.

South Korean authorities reportedly urged KuCoin and OKX to freeze 3313 BTC worth over $69 million transferred to their platform.

RRMine considered Singapore as a choice destination due to its accommodating crypto policies and commitment to becoming a global crypto hub.

DBS Bank will extend its banking experience into the metaverse following its partnership with Sandbox.

DBS Bank CEO Piyush Gupta has affirmed that cryptocurrency services will soon be available to over 300,000 accredited investors in Asia.

The process would temporarily shield the embattled crypto firm from lawsuits from third parties.