StraitsX and XREX have become the latest two blockchain firms to receive approval from MAS as major payment institutions (MPI) under the city’s payment service providers licensing scheme. They discussed their plans with FA.
The Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) was ordered into liquidation in late June after losing more than $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time. The collapse may have shaken Singapore’s burgeoning cryptocurrency sector, but lawyers say that tighter scrutiny of the industry from the city-state’s authorities will ensure its sustainable growth.
Will banks adop e-finance fast? chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Exclusive: a study shows that 90% of surveyed central banks worldwide are exploring the future issuance of CBDCs. Blockchain.News interviewed industry experts to find out the outlook of e-HKD and i
Binance, the world’s largest cryptocurrency exchange operator with trading volumes of $662 billion globally in June, has sought to expand in Asia. However, it hasn’t all been smooth sailing, as regulators around the world – and across the region – clampdown.