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PortuguêsAs the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm…
Continue ReadingThe Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among…
Continue ReadingA number of cryptocurrency firms have been exempted from holding a payments license in Singapore till this summer. An extensive list of companies posted by the Monetary Authority of Singapore…
Continue ReadingWhile Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have…
Continue ReadingTech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said the…
Continue ReadingSensorium Corporation has partnered with KuCoin cryptocurrency exchange and launched an in-game currency for Sensorium Galaxy. This move is set to drive cryptocurrency usage given that Sensorium Galaxy users are…
Continue ReadingSome countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation…
Continue ReadingDespite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG…
Continue ReadingCryptocurrency payments provider Coinpip has shut down, but possibly only temporarily. The Singapore-based firm announced on its website that it has “suspended operations” while it looks at becoming licensed by…
Continue ReadingOKCoin, one of the world’s oldest cryptocurrency exchanges, is continuing to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD). Starting March 12, OKCoin users can deposit…
Continue ReadingIndonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, has given the green light to crypto exchange provider Zipmex. The approval is the latest in Zipmex’s series of applications…
Continue ReadingA blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. Named Contour, the launch follows…
Continue ReadingBitmain cofounder-backed crypto trading platform Matrixport has announced a new funding round aiming to raise as much as $140 million at a post-investment valuation of $300 million. Singapore-based Matrixport revealed…
Continue ReadingJapanese messaging giant Line has shuttered its Singapore-based crypto exchange and relaunched it as a global, rebranded United States-based platform. On Feb. 27, the team of the exchange — which…
Continue ReadingCoinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a “sophisticated attack.” The Singapore-based exchange told users Friday that account send functions for…
Continue ReadingNations across Asia are scrambling to prop up their deteriorating economies as the Coronavirus continues to spread. Some are so obsessed with growth that they are handing out free cash…
Continue ReadingRecently, financial regulators around the world have been growing concerned about the role of cryptocurrency in money laundering and financing of various illicit activities. The first two months of 2020…
Continue ReadingIn the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages…
Continue ReadingSingapore‘s Court of Appeals has ruled against digital currency exchange Quoine in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades. The…
Continue ReadingThe Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland. In a Feb. 19 announcement, the BIS revealed that Andrew McCormack…
Continue ReadingAs not a day goes by without another cryptocurrency partnership, one of the biggest crypto exchanges in South Korea has begun new cooperation. Major South Korean cryptocurrency exchange Bithumb has…
Continue ReadingThe world’s top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore. According to a report from Bloomberg on Sunday, the firm’s…
Continue ReadingThe Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that…
Continue ReadingClear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the…
Continue ReadingAs crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary…
Continue ReadingCapital markets blockchain platform iSTOX has graduated from Singapore’s regulatory sandbox and been approved as a recognized market operator and capital markets services licensee. Singapore’s The Business Times confirmed on…
Continue ReadingThe Monetary Authority of Singapore (MAS) has greenlit a tokenized securities trading firm for full operations within the city-state. Announced Monday, iSTOX has graduated from the Singapore central bank’s fintech…
Continue ReadingSingapore-based crypto exchange Zebpay reportedly returns to the Indian market more than a year after an Indian Reserve Bank crackdown led to the exchange’s closure in the country. After discontinuing…
Continue ReadingPaying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled. To make…
Continue ReadingThe Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment…
Continue ReadingLegislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects…
Continue ReadingWith Singapore’s Payment Services Act coming into effect, crypto exchange platforms can now apply for operating licenses in the country. Crypto Exchange Platforms Now Legalized in Singapore Back in September…
Continue ReadingThe Monetary Authority of Singapore (MAS) is updating its regulatory framework for digital payments. Announced Tuesday, Singapore’s Payment Services Act 2019 (PSA) brings so-called Digital Payment Token (DPT) services –…
Continue ReadingIndependent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based…
Continue ReadingWith its 2.1 bitcoin (BTC) puzzle still unsolved, a Phemex co-founder has offered a few clues to help in cracking the code. The crypto derivatives trading platform is one of…
Continue ReadingThe Singapore government, along with an array of the world’s major financial and manufacturing companies, has formed an alliance to promote the adoption of digital technologies in trade and commerce.…
Continue ReadingMajor cryptocurrency exchange Huobi is launching its first licensed digital asset brokerage, Huobi Brokerage. Huobi, the fifth-largest crypto exchange by daily trading volume as of press time, will now provide…
Continue ReadingPhemex, a new crypto derivatives trading platform has put up a picture puzzle with a 2.1 bitcoin price for whoever provides the solution. Led by Jack Tao, formerly of Morgan…
Continue ReadingSingaporean Mark Cheng was recently kidnapped in Thailand and tortured for a $740,000 ransom in Bitcoin (BTC), the South China Morning Post and others report on Jan. 14. After transferring…
Continue ReadingFor the first time since 2013, the U.S. is no longer the top recipient of Bitcoin (BTC) as valued in USD, as Singapore took the lead over the course of…
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