DBS Bank CEO Piyush Gupta said the bank’s exchange has scheduled a token offering for quarter two. DBS Bank, Singapore’s largest retail and commercial bank, has announced its first-quarter financial results following the launch of its institutional cryptocurrency exchange in December 2020. DBS chief financial officer Chng Sok Hui said that the bank saw record…
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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness. Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain…
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“I have nothing to do with the platform,” said Lee Hsien Loong. “It is misleading and done without my permission.” Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account. In a Facebook post Friday, Loong…
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Asian markets are much friendlier to enterprise blockchain adoption, says Waves’s founder. Waves Enterprise has onboarded Tokenomika Pte Ltd., a Singapore-based fintech company, as an operator for its hybrid public-private blockchain. Tokenomika will operate the Waves Enterprise public permissioned network, starting in March. The expansion comes as part of a strategy shift for Waves Enterprise,…
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Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable? Since the start of 2021, the price of Bitcoin (BTC) has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high of $58,300. However, an interesting phenomenon is that even with…
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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. The use of distributed ledger technology can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing through to the settlement of trades.…
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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. Crypto-custody provider and securities firm, Propine, has graduated from the Monetary Authority of Singapore’s fintech regulatory sandbox program, emerging with a Capital Markets Services License and the green light to commence…
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These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020. As the use of cryptocurrencies continues to spread around the world, a number of countries have established themselves as leaders in adoption. COVID-19 has dominated 2020, and the effects of the ongoing pandemic have stifled many economies. However, the cryptocurrency…
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OSL is now officially licensed to operate regulated brokerage and automated trading services for digital assets. OSL, a major digital asset platform in Asia and a unit of Fidelity-backed BC group, has been officially licensed by the Securities and Futures Commission of Hong Kong. According to a Dec. 15 announcement, the new license allows OSL…
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Singapore’s stock exchange SGX will also have a stake in the platform. After anticipating its plans in October, DBS, Singapore’s largest bank, is establishing a new cryptocurrency exchange division called DBS Digital Exchange. Announced on Thursday, the venture is also backed by SGX, Singapore’s largest derivatives and asset exchange, which owns a 10% stake in…
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