City Singapore Financial News

21.06 / 15:13

business Adoption Digital Currency regulation Digital Asset Singapore MAS proposes digital money standards with major industry players

The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies.

21.06 / 13:29

Adoption Gemini Crypto Exchange expansion sec lawsuit Gemini Announces Plans for Expansion in Asia-Pacific Amid SEC Lawsuit

Crypto exchange Gemini has announced plans to expand into the Asia-Pacific (APAC) region to capture the “next wave of growth for crypto.”

20.06 / 16:35

business Gemini Asia expansion Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto'

United States-based cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has announced plans to expand into the Asia-Pacific region.

16.06 / 06:51

International open LGIM to open Singapore office as international push continues

Legal and General Investment Management will open an office in Singapore later this year as part of a continued push by the UK's largest asset manager to grow its international footprint.

16.06 / 02:29

business hedge fund 3AC liquidators file motion to hold Kyle Davies in contempt

Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June 14 court filings from 3AC's creditor council show. According to 3AC's creditor counsel, Davies is purposely delaying asset recovery from the former crypto hedge fund.

12.06 / 20:31

CBDC Adoption retail retail CBDC Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

12.06 / 12:09

Binance Latin America coinbase Bitget Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown

In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges.

10.06 / 22:13

business Binance Latin America coinbase Latam crypto holders flock to Bitget following Binance, Coinbase suits

Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase.

09.06 / 16:33

business Blockchain exchanges Mainstream Bitcoin Crypto.com suspends US institutional exchange service

Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.

07.06 / 20:35

Stablecoin Payments regulation Circle Circle is latest recipient of Major Payment Institution license in Singapore

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.

07.06 / 15:55

Ethereum Stablecoin SEC coinbase Legal Drop US court Coinbase stock licence Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

06.06 / 17:02

Binance open regulatory Binance's Regulatory Hurdles Open Path for Potential CZ Successor

Binance's recent regulatory hurdles have opened up the path for a potential successor to Changpeng "CZ" Zhao, co-founder and current CEO of the platform.

01.06 / 09:03

Blockchain regulation Crypto.com Crypto.com joins ranks of licensed payment institutions in Singapore

The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).

31.05 / 10:35

Asia Middle east Binance names Teng as head of regional markets outside US

Richard Teng to head its regional markets outside the United States, at a time when the world's largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.Teng will begin his new role on Monday. The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.

30.05 / 09:55

Blockchain Binance Career CEO LinkedIn Binance Crypto Exchange Appoints Richard Teng to Lead All Regional Markets Outside US

The world’s largest crypto exchange, Binance, has appointed Richard Teng, a traditional finance (TradFi) veteran with strong regulatory experience, as its head of all regional markets outside of the US.

29.05 / 02:33

regulation Investments Report Bloomberg FTX compensation Temasek slashes compensation for execs responsible for its $275M FTX investment

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.

28.05 / 02:33

Blockchain Ethereum Twitter Binance CEO USDT Platform Rug Pull analyst Crypto Analyst Warns of Alleged $31.6 Million Rug Pull by Fintoch

ZachXBT, a renowned crypto analyst, recently alerted his followers on Twitter about a probable exit scam by the team behind Fintoch. According to the analyst, the team appears to have absconded with 31.6 million USDT on the Binance Smart Chain (BSC) after the funds were transferred to several addresses on Tron and Ethereum blockchains.

26.05 / 13:23

UPS Provident Progressive Web3 Bitcoin Foresight Singapore Venture Capital Firm Foresight Ventures Launches Second Phase of Web3 Accelerator

Foresight Ventures, a venture capital company based in Singapore, has opened up the application process for the second phase of its accelerator program.

25.05 / 00:31

Crime IRS Cybercrime IRS Sends Experts Next Month Around the World To Combat Cybercrime With a Focus on Crypto

The US Internal Revenue Service will deploy experts next month to four continents to combat cybercrime, with a particular focus on tax and financial crimes that use cryptocurrency.

24.05 / 07:39

Blockchain Provident Digital CEO Platform Matrixport Crypto Expo Asia Announces Latest Headline Speakers and Partners: Coinhako, EMURGO, Matrixport, and More

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

19.05 / 19:19

CBDC Adoption Federal Reserve Cross-border NY Fed and MAS publish joint CBDC cross-border payment project results

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). The project examined the use of central bank digital currency for wholesale cross-border payments using one or more vehicle currencies.

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