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Tag Archives: singapore

Singapore Greenlights Aussie Exchange and DBS Vickers to Provide Crypto Services

The digital asset trading venue Independent Reserve received approval from the Monetary Authority of Singapore (MAS) to provide crypto services in the Asian city-state. Additionally, the regulator also greenlighted the brokerage arm of DBS Bank. Independent Reserve Invades Singapore According to a recent report, the MAS enabled the Australian-based cryptocurrency platform – Independent Reserve – to offer digital payment token services to retail and institutional investors in...

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Australia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report

The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move would enable more accessible transactions. The Multinational Partnership Central bank digital currencies appear to be an attractive financial instrument for numerous countries across the globe since many are exploring them as a financial instrument. While governments...

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Binance Brings New Manager Onboard to Head Its Singapore Office

Binance is improving Singapore’s status as a cryptocurrency and bitcoin hub through its latest hiring maneuvers. The world’s number one digital currency exchange by daily trading volume has announced that it is bringing Richard Teng onboard as the new CEO for its Singapore office. Binance Is Expanding in Singapore Teng is a previous Singapore Exchange executive who’s got the skills the company needs to ensure digital currency protocols move forward appropriately. In a...

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Singapore Is a Big Fan of Ethereum

Singapore has become a big crypto haven in recent years, largely due to an alleged spike in coronavirus cases. Thanks to the pandemic, many citizens and residents of the country got scared about their financial situations and sought ways to keep themselves safe and wealthy during times of strife. Many People in Singapore Are Investing in Ethereum One of the ways to do this was by diversifying their portfolios, which means more crypto investments. However, rather than...

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Ethereum Over Bitcoin and Cardano is What Singaporean Investors Prefer: Survey

Nearly three-thirds of the Singaporean population has already invested in cryptocurrencies, with males under 34 being the dominant part. Interestingly, though, ETH is the most popular digital asset among locals, with BTC, ADA, and BNB trailing behind it. Singaporeans Like Crypto By partnering with CoinMarketCap and Seedly, the US digital asset exchange Gemini surveyed over 4,000 people in the Asian country to determine their general perception of the cryptocurrency landscape....

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DBS Bank’s Brokerage Arm Greenlighted to Provide Cryptocurrency Services

The Monetary Authority of Singapore (MAS) has enabled DBS Vickers – the brokerage brand of DBS Bank – to offer trading services for digital payment tokens. The initiative would meet the clients’ growing appetite for dealing with cryptocurrencies. Crypto Opportunities for DBS’ Clients According to a recent report, the securities and derivatives brokerage firm – DBS Vickers – received a green light from the Monetary Authority of Singapore to offer virtual asset services to its...

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Survey: Singapore Is a True Leader When It Comes to Crypto

Just yesterday, Live Bitcoin News published a piece discussing how few Americans are investing in cryptocurrency. While many residents of the region have no doubt heard of bitcoin and its digital counterparts, it appears many of them have not actually taken the leap into buying them. However, in Singapore, it seems that these results are the exact opposite, as the country has full-on embraced BTC and its virtual brothers and sisters. Singapore Really Loves Its Crypto...

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Almost Half of Singaporeans Own Cryptocurrencies: Independent Reserve Survey

A new survey conducted by the Independent Reserve revealed that 43% of the residents of Singapore own digital assets. 46% asserted they would purchase virtual currencies in the next year. Singaporeans Are Keen on Crypto The Australian trading venue Independent Reserve (IRCI) surveyed 1,000 participants to determine the level of cryptocurrency adoption in Singapore. Per the statistics, 43% of the locals already own crypto. Taking a closer look, the results showed that the...

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Singapore Will Fully Regulate All Crypto-Related Activity

Singapore has announced plans to regulate all cryptocurrency activity from here on out.Singapore to Oversee All Crypto BusinessesThe Monetary Authority of Singapore (MAS) has issued new guidance on crypto usage and states that all companies that engage in crypto transactions or offer crypto trading and custody services will have to garner a license through the Payment Services Act. This new rule was passed in early January of this year. The idea is to put a halt on all crypto-related...

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The Bank That Called Bitcoin a Ponzi, Has Now Launched A Crypto Exchange For Institutional Investors

A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform.DBS Digital Assets Officially AnnouncedCryptoPotato reported in late October that DBS Bank has successfully trialed its trading venue enabling institutional investors to access...

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