Singapore Crypto News

Singapore's DBS bank-backed exchange recorded an 80% increase in BTC trading volumes and doubled its user count in 2022.

Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.

Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.

Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.

CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."

The Monetary Authority of Singapore's Chairman Tharman Shanmugaratnam said regulating the crypto industry would give credibility to speculation and it may be better to leave it unregulated.

Amber Group has delayed payment of bills to third-party vendors, while some are owed in arrears for up to six months.

In early January, Vauld turned down Nexo's final acquisition offer. Vauld is now weighing bids from two fund managers.

Hashkey's Fund III will focus on infrastructures, toolings, and applications with mass adoption potential.

The exchange pointed at the declining trading activity on Huobi as the reason for this decision.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

Amber Group was caught up in the FTX contagion but set to survive by cutting costs across the board.

Singapore's MAS minister said banks in the country have "insignificant" exposure to crypto.

Bank of England speculates FTX collapse is a result of FTT run, Litecoin recently climbs market cap ranking, and much more in this edition of CryptoSlate Wrapped Daily.

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.