Singapore Plans Joint Crypto Pilots with Japan FSA, FCA, FINMA
Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), intends to begin joint crypto-related pilots with several European and Japanese nations. The 30th of October marked the official announcement by the MAS that it will collaborate with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and […]
Singapore Seizes $2b in Assets
Singaporean authorities strengthened its anti-money laundering efforts by freezing over $2 billion in assets, including cryptocurrency. Second Minister for Home Affairs Josephine Teo announced that Singapore has increased its efforts to combat money laundering by freezing assets worth more than $2 billion. Notably, the comprehensive list of frozen assets includes 62 vehicles, 152 pieces of […]
BIS, 3 Central Banks Test Cross-border CBDCs
On September 28th, the Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland concluded a joint test of the cross-border trading and settlement of wholesale central bank digital currencies (CBDCs). Under the supervision of the BIS, the Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank […]
Circle Integrates Web3 Platform Into Singapore ‘Super App’ Grab
Grab, the leading software firm in Southeast Asia, is collaborating with Circle, a USDC stablecoin issuer, to test a web3 wallet within its super-app. On September 14, Circle made the news that Singaporean Grab users would have access to these new services through the recently launched “Grab Web3 Wallet.” This Grab app integration with Circle’s […]
Court Grants Vauld Permission to Restructure Board
Vauld, a Singapore-based cryptocurrency exchange in bankruptcy proceedings since August 2022, has received court approval to restructure its board of directors. The new upper management will oversee the company’s rescue operation. Vauld’s co-founder Darshan Bathija announced on X (previously Twitter) on August 24 that a Singapore court approved the company’s scheme of arrangement. The proposal […]