After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution.
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.
DBS Bank CEO Piyush Gupta said the bank's exchange has scheduled a token offering for quarter two.16782
JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects.20520
The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.12842
“We want to eliminate the hurdles associated with crypto trading, and streamline the experience for new retail investors,” said Finxflo CEO James Gillingham.6839
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.12503
"I have nothing to do with the platform," said Lee Hsien Loong. "It is misleading and done without my permission."22401
Asian markets are much friendlier to enterprise blockchain adoption, says Waves's founder.6976
Daniel Lim will lead Bybit's legal and compliance team, following an appointment hot on the heels of Bybit's U.K. shutdown.7362
Court transcripts have revealed that BitMEX’s fugitive executives Arthur Hayes and Ben Delo are negotiating a surrender with U.S. authorities.11804
Major cryptocurrency exchange Gemini has rolled out support for the Singapore dollar and set up a local office.4897
Following a successful trial of DLT-based bond issues, SGX has formed a dedicated company with investment firm Temasek to extend and expand the use of the tech.8159
Accredited investors can now own tokenized shares of a premium whiskey collection powered by Zilliqa.12752
Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License and an authorization to begin offering digital-asset services to institutions.11111
These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020.15146