Singapore

The Singaporean Merlion fountain statue, spraying out a blue line node connection network
CBDCs
Will Ripple’s CBDC Boost Singapore’s Financial Sector?

Ripple is pursuing CBDC initiatives worldwide and has established a large practice in Singapore, according to Senior VP Brook Entwistle.
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Press Releases
Israel’s Web3 Powerhouses Unite to Launch Inaugural ETHTLV

The inaugural event aims to invigorate the country’s thriving startup community.
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Lim Boon Heng is looking down at a pile of ashes
FTX News
Singaporean Investment Firm Temasek Writes Off $275 Million Investment in Bankrupt FTX

Temasek, a Singaporean investment fund has written off its $275 million investment in the beleaguered cryptocurrency exchange FTX.
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Submitted in Australia Bill to regulate stablecoins and the digital yuan
Coinbase News
Stablecoin Issuer Paxos Obtains Institutional License In Singapore As The First US-Based Blockchain Company

As a result of the license, Paxos can to offer blockchain and digital asset products and services to Singaporean businesses.
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singapore government considers digital currency singapore dollar
CBDCs
Singapore Prepares Digital Currency Pilot for Government Payouts and Vouchers

Digital Singdollars are to be tested in Singapore for use in government payments and vouchers.

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hong kong super rich crypto interested flying coin champagne rich
Regulations
Hong Kong’s Super Rich Show Interest in Crypto

In Hong Kong and Singapore, family offices and high-net-worth individuals are eager to invest in cryptocurrencies or already hold some.
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coinbase singapore
Coinbase News
Coinbase Receives Singapore Digital Payment Token Crypto License

The DPT license will allow Coinbase to offer regulated products and services in Singapore.
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DBS Digital Exchange Opens for Accredited Investors
Altcoins
Singapore’s DBS Bank Expands Crypto Trading Services, Offering Four Cryptos To Premium Clients

DBS says that it has announced the roll-out of a crypto trading service on Digibank.
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Singapores-Biggest-Bank-DBS-Plans-To-Grow-Its-Crypto-And-Digital-Assets-Business-Despite-The-Bear-Market
Regulations
Singapore’s DBS Plans To Grow Its Crypto And Digital Assets Business Despite The Bear Market

DBS wants to offer services to more of its 300,000 wealthy clients in Asia.

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Singapore High Court Grants Judicial Management To Hodlnaut
Regulations
Singapore High Court Grants Judicial Management To Hodlnaut

Hodlnaut gets relief as Singapore’s Court allows the financially distressed company to be restructured under court supervision.
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Singapore Contemplates Making Crypto Trading Difficult For Retail Investors
Regulations
Singapore Contemplates Making Crypto Trading Difficult for Retail Investors

Ravi Menon said the bank might add frictions on retail access to cryptocurrencies.
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Hodlnaut Ship Sinks as 80% of Staff is Laid Off
Regulations
Hodlnaut Cuts 80% of Staff While Under Investigation by Singapore Authorities

Hodlnaut is not giving up yet, but will the Singaporean Police show mercy to the crippled crypto platform?
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Crypto lender Hodlnaut needs judicial management to shield itself from creditors
Crypto Market News
Crypto Lender Hodlnaut Needs Judicial Management to Shield Itself from Creditors

The Singapore-based platform is looking for judicial management to handle its ongoing liquidity crisis and prevent forced asset sales.

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Hodlnaut Crypto Platform Suspends All Operations, Pulls Singapore License
Regulations
Hodlnaut Crypto Platform Suspends All Operations, Has Singapore License Pulled

HODLing Crypto in Hodlnaut might take way longer than expected.
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Singapore marriage in metaverse
NFTs
Singaporeans May Soon Be Able To Host Weddings And Court Cases In The Metaverse

Singapore is not pulling the breaks on further crypto adoption.
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Crypto Platform Zipmex Seeks Bankruptcy Protection In Singapore
Exchanges
Crypto Exchange Zipmex Files for Bankruptcy in Singapore, Succumbing to Pressure from Crypto Winter

Zipmex has become the latest firm to fall under the weight of the crypto winter as it files for bankruptcy.
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Regulations
Ripple Collaborates with FOMO Pay to Enable Cross-Border Treasury Payments

Ripple is collaborating with FOMO Pay, a Singapore-based payments institution, to use Ripple's payment architecture for cross-border treasury payments.
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Regulations
3AC Called out by Authorities of Singapore for the Provision of Incorrect Info

MAS is convinced 3AC are lying through their teeth
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Altcoins
J.P. Morgan Enters DeFi Space with Asset Tokenization Pilot for Singapore MAS

American investment bank JPMorgan Chase & Co will be exploring DeFi innovation with the Monetary Authority of Singapore (MAS) by
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Altcoins
South Korean Authorities Turn the Heat on Terra, Do Kwon Faces $78 Million Fine For Tax Evasion

Since the Terra ecosystem crash, the challenges faced by Do Kwon and his Terraform Labs have been coming in thick
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