2020-12-4 18:05 |
The approved digital banks will be able to start operating from Singapore in early 2022.
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Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators.
2022-11-2 07:05 | |
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2020 is all about cryptocurrencies as the tide turns. The latest one to jump on the digital currency bandwagon is the largest retail and commercial bank of Singapore, DBS. The bank has soft-launched its cryptocurrency and fiat trading exchange with Bitcoin (BTC), Ethereum (ETH), XRP, and Bitcoin Cash (BCH) as the primary listed crypto assets.
2020-10-27 16:31 | |
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One of the largest banks in the world is delving into the decentralized ledger technologies (DLT) space to offer fixed income securities on the blockchain. Singapore’s HSBC announced a partnership with Singapore Exchange (SGX), a leading exchange in debt and fixed income assets, and Temasek, a company with a net portfolio value of $231 billion […]
2019-11-14 00:13 | |
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The popular Luno cryptocurrency exchange is set to re-open its services in Singapore after months of ceased operations in the country. The service is set to open its deposit services in Singapore dollars within a month after two banks opened accounts on its platform, effectively ending an exile that lasted about two years.
2019-11-3 17:20 | |
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One of Asia’s largest investment banks, CIMB Group’s Singapore-based bank, CIMB Bank Berhad Singapore, settled its first ever transaction on blockchain technology on Oct. 17. According to a Yahoo Finance press release, the bank partnered with iTrust, a trade finance blockchain solution, to efficient, instant and transparent channels of global trade. The CEO of CIMB […]
2019-10-18 18:39 | |
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A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
2019-10-18 16:30 | |
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OCBC, one of the largest banking institutions in Singapore, has recently joined the JPMorgan Chase’s blockchain network, according to reports from local media outlets. Right now, there are 134 banks from the Asia-Pacific as part of the Interbank Information Network.
2019-9-21 22:16 | |
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Overseas Chinese Banking Corporation (OCBC) has joined JP Morgan’s Interbank Information Network (IIN) as the first Singaporean bank in the consortium. Business Times reported that OCBC joins a long list of 112 APAC banks that have joined this network, September 20, 2019.
2019-9-20 19:00 | |
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The US’ largest bank has signed the first lender from cryptocurrency-friendly Singapore to its Blockchain payments platform. OCBC Joins 342 Banks Keen On Quorum In a press release on September 19, JPMorgan Chase confirmed more than 300 banks were now involved in the Interbank Information Network (IIN).
2019-9-20 13:00 | |
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The Rwandan Central Bank is interested in exploring central bank digital currencies to reduce the costs associated with transacting by optimizing efficiency. As per BNN Bloomberg, August 22, 2019, Rwanda’s Central Bank looks to authorities in Canada, Singapore, and Holland for inspiration as they have successfully studied the applications of blockchain.
2019-8-23 11:00 | |
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.
2019-8-15 09:53 | |
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One of the most important banks in the market, Standard Chartered, has recently completed its first transaction using the new Voltron platform. Voltron is a new blockchain platform focused on the oil industry.
2019-8-8 23:12 | |
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By the look of things, Libra will be attracting more regulators than customers. Facebook’s foray into the cryptocurrency world began last month when Libra was unveiled and lawmakers across the world lost it.
2019-7-13 10:00 | |
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Going paperless is seemingly becoming an attractive option. Paper records are often used to carry out activities in banks from lending to signifying ownership. However, forgers are now utilizing it as a means to forge the symbols that make a document legal.
2019-5-7 22:48 | |
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Ripple (XRP) performance dismal, bulls add 1. 3 percent in 24 hours. Despite apparent efficiency, a central bank official said he sees no potential in Ripple An official from Singapore’s MAS is skeptical of retail bank digital currencies capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction.
2019-5-4 21:00 | |
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Ripple (XRP) performance dismal, bulls add 1. 3 percent in 24 hours. Despite apparent efficiency, a central bank official said he sees no potential in Ripple An official from Singapore’s MAS is skeptical of Ripple’s capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction.
2019-5-3 21:00 | |
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Bloomberg reports on May 2, 2019, that the Bank of Canada and Monetary Authority of Singapore (MAS) have successfully sent each other digital currencies using blockchain technology. This marks the first instance of such a transaction between two central banks.
2019-5-3 19:00 | |
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By CCN. com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments.
2019-5-2 14:33 | |
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Central banks in Canada and Singapore claim to have successfully completed a cross-border payment using distributed ledger technology. The Monetary Authority of Singapore (MAS) announced earlier today that it has successfully settled an international payment with The Bank of Canada, in what it refers to as “Project Jasper-Ubin.
2019-5-2 14:03 | |
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Singapore and Canada have managed to send each other a digital transaction without an intermediary
2019-5-2 13:23 | |
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The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.
2019-5-2 12:00 | |
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North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports.
2019-4-15 12:56 | |
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The Ultimate Power Group – SWIFT Partners Up With Major Banks While SGX Begins Trials On Blockchain-Backed Voting According to SWIFT, the financial messaging juggernaut, it has officially partnered up with a range of banks across the world, as well as the Singapore Stock Exchange in order to create and subsequently test out a blockchain-based […]
2019-3-7 05:07 | |
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Financial messaging giant Swift has teamed up with Singapore Exchange and several major banks to trial a DLT platform for shareholder voting.
2019-3-6 18:00 | |
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For a number of reasons, a majority of the nations in Southeast Asia have quickly become mainstays in the crypto space. Singapore, whose government has indirectly invested in Binance, is known for its array of industry startups, banks that operate in good faith with Bitcoin traders, and sector events.
2019-2-22 14:35 | |
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The co-founder of Yahoo, Jerry Yang, said hat blockchain is a natural technology for banks and trading activities. He has also talked about how it can succeed and evolve in the future. The comments have been reported by Finews Asia.
2019-1-21 17:07 | |
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Jerry Yang, the Taiwanese-American co-founder of Yahoo, says, despite crypto hype having yet to turn into reality, that blockchain and finance are a natural fit, according to comments first reported by Finews Asia.
2019-1-20 19:44 | |
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Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses.
2019-1-11 21:17 | |
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Ripple CEO claims banks will hold crypto for their customers in 2019 Brad Garlinghouse, the CEO of Ripple, said how he thinks that banks will be holding crypto assets on behalf of their customers as early as 2019.
2018-12-4 18:02 | |
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Ripple CEO, Brad Garlinghouse told the audience at Singapore Tech Festival that 2019 will likely be the year when banks and other financial institutions will begin to provide custody for digital assets.
2018-12-4 15:56 | |
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According to a brand new in depth report taken up and jointly published by the collective central banks of Canada, the United Kingdom and Singapore on November 15th, shed some profound light on the impact that Central bank Digital Currencies would have on interbank payments and transactions. According to the report, CDBC's would help improve […]
2018-12-4 11:48 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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In a November 2018 report by the Bank of Canada, Bank of England and the Monetary Authority of Singapore, emerging technologies and opportunities in the banking industry have been explored including the use of Wholesale Central Bank Digital Currencies.
2018-11-16 16:05 | |
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International Monetary Fund (IMF) Chair Christine Lagarde has called for central banks to consider the possibility of issuing Central Banks Digital Currencies (CBDC), describing them as potential tools of financial inclusion and consumer protection.
2018-11-15 05:00 | |
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With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.
2018-11-15 22:38 | |
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Christine Lagarde, from the International Monetary Fund (IMF), has affirmed that governments and central banks all over the world should work towards setting up their own cryptos. The statement was made at the Singapore Fintech Festival, which is happening this week in Singapore.
2018-11-14 22:30 | |
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The winds of change are sweeping the financial sector, at least according to Christine Lagarde, the managing director of the International Monetary Fund (IMF). Speaking at the Singapore Fintech Festival on Nov.
2018-11-15 20:44 | |
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Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure.
2018-11-14 19:10 | |
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Head of the International Monetary Fund, Christine Lagarde, said that central banks should consider issuing state-backed digital currency. The IMF head gave her advice during a speech delivered at the Singapore Fintech Festival.
2018-11-14 17:00 | |
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Speaking at the Singapore Fintech Festival this week International Monetary Fund head, Christine Lagarde, said that governments and central banks should work towards setting up their own digital currencies.
2018-11-14 15:00 | |
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CEO Ripple, Brad Garlinghouse stood beside IMF Deputy General Counsel, Ross Leckow in a presentation on their opinions on digital currencies during the Singapore Fintech Festival. The pair were asked questions on their views about the current digital asset market and the role of central banks by the audience. Conservative Counsel As a high ranking […]
2018-11-14 10:25 | |
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In a recent interview with Bloomberg, Singapore, Ripple CEO, Brad Garlinghouse stated that most large banks which have been on SWIFT network are signing on with Ripple. This is only an indication that Ripple is taking over the business from the Society For World bank Interbank Financial Telecommunication provider, SWIFT.
2018-11-14 21:34 | |
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Singapore’s financial regulator has revealed it will help local cryptocurrency firms set up traditional bank accounts, to help boost the country’s fintech economy. “What we are trying to do is to bring the banks and cryptocurrency fintech startups together to see if there is some understanding they can reach,” Monetary Authority of Singapore managing director Ravi Menon told Bloomberg.
2018-10-11 13:52 | |
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CrowdForce Partners With Huobi Global to Promote Financial Inclusion We are all aware how the cryptocurrency industry continues to grow tremendously. That is the reason why CrowdForce has partnered with Huobi, a global leader in the cryptocurrency exchange based in Singapore.
2018-10-10 21:31 | |
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Singapore To Empower Crypto Startups With Banking Services Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced that it is working out modalities to empower crypto startups in the city to enable them render banking services or partner with banks.
2018-10-10 19:55 | |
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Instead of loosening rules, it is more appropriate to help virtual currency companies to create banks accounts, Central Bank’s Managing explained.
2018-10-10 19:31 | |
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Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.
2018-9-27 22:14 | |
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Points will offer a blockchain-based data collaboration solution aimed to minimize risks to banks and other credit institutions in providing loans to the unbanked.
2018-7-20 15:24 | |
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Seven international banks have joined the Hong Kong Monetary Authority to create a blockchain-based platform intended to streamline international trade finance, which will pair with a similar platform from the Monetary Authority of Singapore.
2018-7-18 21:27 | |
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