Singapore’s central monetary authority issued a new set of guidelines for digital payment token service providers on March 16. Some 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 of payment-related activities was on Jan. […]
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The CBDC race has long been on, and some countries might finish sooner rather than later. The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch. Almost […]
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KuCoin exchange establishes KuGroup, a core division of the company that will manage all three of the company’s businesses. Despite 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 Capital, KuCoin exchange has established KuGroup, […]
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Major European financial institutions have jointly launched a blockchain-based platform for the investment fund industry. Major European financial institutions are jointly launching a blockchain-based platform for the investment fund industry. The system was initially incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare, which, alongside Clearstream, Credit Suisse Asset Management and Natixis Investment Managers, […]
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Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub. The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March […]
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Data companies are bringing transparency and accountability to the crypto market, making way for institutional investments. On Feb. 26, the Securities and Exchange Commission announced the rejection of yet another ETF submission from Wilshire Phoenix, a New York-based investment firm, citing a lack of resistance to market manipulation and fraudulent activity. The filing stated that […]
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Standard Chartered has become the first bank to join TradeLens, the global blockchain shipping platform created by IBM and Danish logistics giant Maersk. Standard Chartered has become the first bank to join TradeLens, the global blockchain shipping platform created by IBM and Danish logistics giant Maersk. The London-headquartered bank announced its decision on March 10, […]
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Many fintech companies chose London because of its strong financial regulation, but how will Brexit affect the industry in Europe and the U.K.? The first round of negotiations between the United Kingdom and the European Union to determine their future, post-Brexit relationship took place between March 2 and March 5 in Brussels, Belgium. The outcome […]
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One of the world’s oldest crypto exchanges, OKCoin, now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether. OKCoin, 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 and […]
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Top Korean crypto exchange Bithumb has solicited blockchain forensics firm Chainalysis to monitor for suspicious transactions on its platform. On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations. Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious […]
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