“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase. On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with…
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American television presenter and author, John Stossel, released a video on June 20, 2023, where he delved into the findings of a recent study on global economic freedom. Conducted by the Heritage Foundation and unveiled in late February, the research unveils a stark reality: the United States has experienced a substantial decline in economic freedom.…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Atomic Wallet Publishes Post-Attack ‘Full Event Statement’, Binance Brazil Director May be Summoned by Parliament, Ripple Gets In-principle Approval for Singapore Digital Payment License Read more »Sign up…
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Singapore’s central bank has proposed a whitepaper on purpose-bound money (PBM), a protocol that will define benchmarks for the use of digital money including central bank digital currencies (CBDCs) and stablecoins. … Read More: Monetary Authority of Singapore Proposes Protocol for Digital Money, Includes CBDCs and Stablecoins Read more »Sign up for e-EUR – the progressive…
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The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins. The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies. On June…
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Civil sanctions against 3AC’s co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until compliance with a subpoena. Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June 14 court filings from 3AC’s creditor council show. According…
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The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state…
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Singaporean investment firm Temasek Holdings has lowered the compensation of senior management and the investment team responsible for investing in FTX. An internal review found no misconduct by the investment team but Temasek’s management still took “collective accountability” and reduced their compensation, according to a Monday statement from the company. … Read More: Temasek Adjusts Employee Compensation Following…
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The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency. The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint “Project Cedar Phase II x Ubin+.” The project examined the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bank of England to Reject Revolut’s Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a ‘Horrible Mess’…
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