A look at the legal status of crypto in Asia, where new crypto hubs are emerging and thriving despite uneven regulation. When most people hear about buying Bitcoin (BTC) or other cryptocurrencies, they immediately think of the largest exchanges, most of which are located in Asia. Today, countries such as China and South Korea have…
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The cases of the robber’s two accomplices are still pending. A major suspect in a high-profile theft case related to Bitcoin (BTC) trading has pleaded guilty in a Singaporean court. Syed Mokhtar Syed Yusope, an accomplice in a $360,000 robbery, pleaded guilty in a district court to a robbery charge on Sept. 9, Singeporean news…
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The digital Swiss franc issuer is now licensed as a “digital asset trading facility.” Sygnum, a major cryptocurrency bank in Switzerland, is preparing to finally introduce digital asset trading after receiving regulatory approval. On Sept. 1, Sygnum announced that it received regulatory approval from the Financial Market Supervisory Authority, allowing the company to expand its…
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The EOS-based DeFi project announced a token swap to support its newest product. Having set up shop on Polkadot just a week and a half ago, an EOS-based decentralized finance project called Equilibrium is launching a new governance token called EQ. EQ is perhaps the next generation of Equilibrium’s NUT, the platform’s first governance token…
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Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements. Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state. On Aug. 13, the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), rolled out its new Code of…
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Huobi makes a pitch to those who ”want to earn a good profit worry-free.” Singapore-headquartered exchange Huobi Global is rolling out cryptocurrency savings accounts tomorrow. The new product will go live at 7:00 a.m. UTC on Aug. 20, with availability restricted to certain jurisdictions. Residents of China, Hong Kong Japan, Singapore, the United States, Germany,…
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Liquid exchange plans to delist major privacy coin Zcash in an effort to play nice with Singaporean regulators. Japanese cryptocurrency exchange Liquid is reportedly delisting privacy-focused coin Zcash (ZEC) in order to apply for a license to operate in Singapore. The Electric Coin Company, which develops the Zcash cryptocurrency, announced the news in a July…
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Blockchain payments project Ubin can lay the financial blueprint for countries looking to explore crypto tech in a fully regulated manner. With cross-border interoperable blockchain systems gaining traction across the globe, it comes as no surprise that an increasing number of government agencies are looking to explore the full potential of this technology to make…
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The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. In an announcement on July 14, the SFA said…
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The Monetary Authority of Singapore is ready to deploy its multi-currency blockchain payments project for commercial use. Singapore authorities announced today that their blockchain payments project, Project Ubin, is complete and ready for commercial launch. The Monetary Authority of Singapore, or MAS, first undertook Project Ubin in 2017 with plans to first develop a digitized…
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