Australia and Singapore concludes joint venture digital verification blockchain pilot
The joint venture between Australia and Singapore saw a nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed to be a success. The Australian Border Force (ABF), Singapore Customs, the Infocomm Media Development Authority of Singapore (IMDA), and other industry representatives have completed a blockchain […]
A new study in Singapore shows Ethereum is more popular than Bitcoin
According to a new report in Singapore, in terms of distribution of crypto assets, Ethereum stands at first place followed by Bitcoin, Cardano (ADA) and Binance coin (BNB). According to “The State of Crypto in Singapore Report 2021,” performed by cryptocurrency exchange Gemini in collaboration with CoinMarketCap and Seedly, more than two-thirds of Singaporeans with […]
Kakao expands its blockchain presence to Singapore
Korean internet giant Kakao wants to keep up with the blockchain enterprise competition in Asia as it expands its blockchain presence to Singapore According to reports, Singapore will be the next stop on Kakao’s globalization plan for its legacy blockchain platform Klatyn. The Korea Herald reported on Monday that Kakao has launched two new blockchain-based […]
DBS is now approved for crypto payment services in Singapore
Following regulatory approval in Singapore, DBS the country largest bank has stated that by Monday its crypto exchange will start operating, allowing institutional investors to trade Bitcoin. DBS Bank, Singapore’s largest bank, has added another regulatory clearance to its list of supported bitcoin services. The Monetary Authority of Singapore (MAS) has given DBS Vickers (DBSV) […]
The central bank of Singapore is awarding cash prizes for innovative digital currency concepts
The Singapore Monetary Authority, the country’s central bank and a major financial regulator, has issued a challenge to fintech businesses to propose solutions for a central bank digital currency or CBDC. The central bank of Singapore launched a global challenge on Monday to find new retail CBDC solutions that improve payment efficiency and promote financial […]