City Singapore Financial News
03.07 / 09:43
Citi
Man
VISA
week
"Singapore expats have reason to think after the past week"
Singapore might not be as amazing for foreigners after all.
03.07 / 09:33
regulation
Crypto Exchange
Singapore Plans to Safeguard Cryptocurrency Investments with New Trust Requirement
Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the market and protect investors from potential losses.
03.07 / 09:05
Citi
FIVE
Digital
CEO
Airlines
Strategy
HANS
Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the Southeast Asian city-state into one of the richest countries in the world. In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.
03.07 / 07:37
Citi
FIVE
CEO
Align
Dreams
NIFTY
Today is a great day for India and NSE: Ashish Chauhan
«So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures,» says Ashish Chauhan, MD & CEO, NSE.For NSE it is like Diwali has come three months early right, it is that kind of a moment.In a way this was a long cherished dream to bring the markets on shore from where they had gone which is called offshoring and of course there were strategic reasons for a country to have pricing of its assets, especially important assets like markets and that is what the IFSC was created for to compete with the best and the brightest international services zone like Singapore or Dubai or Hong Kong.
02.07 / 05:07
COST
Citi
Platform
Pool
NIFTY
A $7.5 billion derivative trade shifts to India as SGX feud ends
SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat. The switch from SGX to the NSE International Exchange at GIFT or Gujarat International Finance Tech-City also highlights partial success of the Prime Minister Narendra Modi-led administration’s attempts to attract India-centric trading that had moved to global financial centers such as Dubai, Mauritius and Singapore to its shores.
01.07 / 17:59
COST
UPS
Citi
Continental
Caviar at the Club: Gastronomy has a new destination — private members’ clubs
Mehrotra and Shantanu Mehrotra of Indian Accent served as part of their nine-course dinner at a pop-up in Singapore recently. It was not held at a restaurant or a hotel, but at a private members’ club, Mandala. The three-week pop up, which was extended to a fourth on popular demand, fed 2,200 diners.
30.06 / 14:53
Blockchain
Provident
Digital
Ripple
Remark
Enterprise
Digital payment
Ripple Receives Approval for Digital Payment License from MAS
Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone for its Singapore subsidiary, Ripple Markets APAC Pte Ltd. The company has obtained in-principle approval for the Major Payments Institution License application from the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS). This approval will enable Ripple to offer regulated digital payment token products and services within Singapore, while also expanding the adoption of its crypto-enabled On-Demand Liquidity (ODL) service.
28.06 / 21:31
CBDC
Adoption
BIS
BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report
The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. The project is a proof-of-concept that considers questions relating to credit and settlement risk and interoperability.
28.06 / 13:07
business
Blockchain
Stablecoin
Adoption
Latin America
Paxos
Paxos and MercadoLibre partner up to bring USDP to Mexico
Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.
27.06 / 16:45
business
Blockchain
Japanese and Singaporean regulators join forces on crypto pilot project
On June 26, Japan's financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter's "Project Guardian" initiative. The participation will be limited to observer capacity for the FSA in its current phase. Regulators wrote:
27.06 / 13:23
Circle
Stablecoin Issuer Circle Keeping an Eye on Hong Kong's Crypto Policies Amid Asian Market Focus
US-based stablecoin issuer Circle is closely monitoring Hong Kong’s crypto policies as the government pushes for a friendly regulatory framework.
27.06 / 12:15
Provident
Digital
Strategy
GBP
Schroders explores digital asset fund in Singapore
Schroders is participating in the MAS’s Project Guardian initiative to develop a “digital asset ecosystem” in Singapore.
26.06 / 18:53
Adoption
Digital Asset
DLT
reports
network
Singapore central bank reports on tokenized asset network models after trials
As asset tokenization continues at a rapid pace, the Monetary Authority of Singapore (MAS) and 11 financial institutions examined infrastructure models to facilitate tokenized asset trading. The key to unlocking the full benefits of the technology is open and interoperable digital asset networks, the MAS said in its Project Guardian report released June 26.
23.06 / 11:25
Blockchain
Adoption
regulation
services
regulatory approval
regulatory
Crypto.com receives regulatory approval to offer crypto services in Spain
Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times.
22.06 / 19:09
22.06 / 15:23
Binance
Ripple
security
Digital payment
Today in Crypto: Atomic Wallet Publishes Post-Attack 'Full Event Statement', Binance Brazil Director May be Summoned by Parliament, Ripple Gets In-principle Approval for Singapore Digital Payment License
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
22.06 / 10:51
Provident
Digital
Ripple
XRP
ETF
SEC
BlackRock
XRP Price Prediction as Ripple Obtains In-Principle Approval for Major Payments License in Singapore – Can XRP 10x From Here?
The XRP price has risen by 3% in the past 24 hours, rising to $0.509635 after Ripple announced it had received in-principle regulatory approval in Singapore to offer digital asset services in the city-state.
22.06 / 06:17
business
Blockchain
Adoption
Ripple
XRP
SEC
services
Ripple gets in-principle nod for digital asset services in Singapore
Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.
22.06 / 02:15
Blockchain
Provident
Digital
Ripple
XRP
SEC
CEO
Crypto firm Ripple gets in-principle payments license in Singapore
Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry globally as it faces tightening policy back home in the United States.
21.06 / 19:11
regulation
Web3
Hong Kong Should Follow Singapore, Japan in Crypto: Government Study
A government study conducted by the Research Office at Hong Kong’s Legislative Council has suggested that the city should take cues from countries like Japan and Singapore in its efforts to develop and embrace Web3 technologies and crypto.
21.06 / 18:51
CBDC
regulation
stablecoins
Monetary Authority of Singapore Proposes Protocol for Digital Money, Includes CBDCs and Stablecoins
Singapore’s central bank has proposed a whitepaper on purpose-bound money (PBM), a protocol that will define benchmarks for the use of digital money including central bank digital currencies (CBDCs) and stablecoins.
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