Tag Archives: singapore

Singapore has released the consultation paper on the proposed Bitcoin derivatives. Retail investors might not be allowed to trade in the crypto products. The Monetary Authority of Singapore says the move is driven by demand. Singapore’s central bank could soon authorize the trading of derivatives referencing cryptocurrency assets such as Bitcoin and Ethereum. As part of the preliminary plans being undertaken, the Monetary Authority of Singapore has released a consultation paper...

Xfers, a fin-tech company from Singapore, is set to launch a stablecoin called StraitsX by partnering with blockchain platform Zilliqa. The token will be pegged to the Singaporean Dollar, and it would be available in December 2019.StraitsX: A New Stablecoin on Its WayXfers is a Singapore-based company focusing on online financial services like payment transactions. It provides a transparent and secure infrastructure for all sorts of businesses.By partnering with the popular blockchain...

The financial technology industry is booming and many investors have noticed that. In that context, investment in fintech ventures in Singapore rose rapidly. The latest reports from Accenture confirm that in the first 9 months of the current year, investors in Singapore brought a record $735 million into financial-technology deals. That represents a 69% surge from the prior-year period that raked in $435 million.Accenture came up with this data after analyzing reports from CB Insights,...