Crypto lender Hodlnaut seeks for creditor protection in Singapore
After recently halting withdrawals on its platform, crypto lender Hodlnaut is filing for creditor protection in Singapore. This would prevent any legal claims and procedures from being brought against it by creditors. As it seeks to solve its liquidity crisis, the troubled Asian crypto lender Hodlnaut, which stopped client withdrawals last week, has applied for […]
3AC receives criticism from Singapore for spreading fake information
According to MAS, Three Arrows Capital (3AC) was in possession of more assets than were allowed and had given misleading information. Three Arrows Capital (3AC) , a litigated hedge fund, has received criticism from the Monetary Authority of Singapore (MAS) for giving the authorities false information. The MAS claimed in a statement released on Thursday […]
OCBC Singapore, Metaverse Green Exchange partner to issue eco-friendly tokens
OCBC, one of Singapore’s top commercial banks, announced a partnership with Metaverse Green Exchange (MVGX), a local crypto exchange, to issue crypto tokens connected to investments in environmentally friendly technology. Under the terms of the agreement, the two companies will issue carbon credit tokens that businesses may buy to offset their carbon footprint. The token […]
Singapore passes bill to tighten regulations for crypto providers
Countries regulating crypto laws for providers are no longer news, Singapore has passed a law to further tighten regulations for crypto providers and Virtual asset service providers in general. Singapore has passed a bill tightening regulations for cryptocurrency exchanges, the latest hint of the country’s hesitant embrace of the industry. Virtual asset service providers in […]
Central Bank of Singapore, Cambodia explore CBDC option
According to a panel discussion at the China Conference on Thursday, the central banks of Singapore and Cambodia are considering central bank digital currencies (CBDCs) as options for e-commerce and digital payments. Representatives from Singapore and Cambodia’s central banks have expressed interest in central bank digital currencies at a panel discussion at the China Conference: […]