The OX token hit a price high not seen since co-founder Su Zhu was arrested in late September.
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 proposal came as a part of a restructuring offer from the embattled Thai crypto exchange, which owes its customers $97 million.1723
The enterprise mainnet provides the scalability to add applications to a network with a KYC-compliant set of institutional banks, broker-dealers and asset managers.5846
According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and FOMO on good returns.3982
The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.3672
The BSN Foundation’s “non-cryptocurrency” approach aims to create a stable network that would not be as volatile as traditional cryptocurrencies like Bitcoin.1603
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.3185
The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.6321
Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.5320
Recovery from the crypto winter is proceeding, but Hodlnaut seemingly won’t survive it. A sealed court order in Singapore appears to spell its doom.41002
Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.3215
VanEck strategy adviser Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years.13188
A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order.4030
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.12364
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.10924