Recap
LONGITUDE, a side event at Token2049 Singapore, gathered the industry’s top minds to confront challenges of liquidity, usability and scalability.
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Singapore News
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.
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Dubai deploys oil wealth and Islamic finance to challenge Asian crypto dominance, but Hong Kong’s liquidity firepower and Beijing backing maintain supremacy.
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Akash founder Greg Osuri told Cointelegraph that AI may soon need nuclear power and called for a more sustainable approach to training models.
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Singapore and the UAE rank as the world’s most crypto-obsessed countries amid high ownership, search activity and rapid adoption growth.
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While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs.
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SBI Shinsei Bank, DeCurret and Partior will develop a blockchain-based settlement system for tokenized deposits in Japanese yen and other major currencies.
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While Europe and the US debate AI and crypto rules, Singapore deploys live systems in hospitals and refines its crypto licensing through targeted enforcement.
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DBS Bank launched tokenized structured notes on Ethereum, expanding access to crypto-linked investment products for accredited and institutional investors.
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Japan’s slow and risk-averse approval system, not taxes, is the real barrier driving Web3 startups and liquidity offshore, says WeFi CEO Maksym Sakharov.
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The license was granted after a new policy from Singapore’s Monetary Authority required all crypto firms based in the country to register.
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If successful, Genius Group’s $1 billion lawsuits could net shareholders $7 per share while boosting the company’s Bitcoin holdings by 5,000 BTC.
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Singapore is tightening its grip on crypto misconduct. Under new rules, unlicensed promotions or shady practices could lead to steep fines or prison time.
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The $600 million treasury announcement came on the same day Nasdaq-listed ophthalmic technologies firm Eyenovia shared plans for a Hyperliquid token treasury.
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Malaysia unveils a regulatory sandbox for programmable payments and ringgit-backed stablecoins, aiming to position itself as a regional fintech hub.
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The reserve will be funded through stock issuance and other financial instruments, according to the announcement.
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