Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations."
Singapore, known officially as the Republic of Singapore, is a city-state located on an island in Southeast Asia. Singapore has a strong economy with a favorable investment climate, a competitive environment and a high level of education. Although Singapore has regulations around the industry, the country is commonly known for showing positivity toward blockchain and crypto. Regarding fintech, Singapore has a bustling scene. In Singapore, cryptocurrency trading is prevalent.
The country’s central bank, the Monetary Authority of Singapore, or MAS, has put forth a number of efforts relating to crypto regulation. A sign of its leadership in innovation, Singapore’s government was discussing Bitcoin taxes back in 2014, in the asset’s early days.
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.5135
The world’s fifth-largest cryptocurrency derivatives exchange is implementing KYC rules to improve security compliance.3583
The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship.4811
BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com.6233
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost.13834
Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond.6563
A crypto derivative exchange has launched its first-ever trading contest, and is encouraging users to showcase their strategies in front of a global audience.9605
After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution.13322
DBS Bank CEO Piyush Gupta said the bank's exchange has scheduled a token offering for quarter two.17152
JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects.21199
The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.13009
“We want to eliminate the hurdles associated with crypto trading, and streamline the experience for new retail investors,” said Finxflo CEO James Gillingham.6942
The Monetary Authority of Singapore has issued a warning to crypto investors after the state’s prime minister was unwittingly caught up in a fake token scam.12615
"I have nothing to do with the platform," said Lee Hsien Loong. "It is misleading and done without my permission."22471