Japanese and Singaporean regulators join forces on crypto pilot project
"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase.
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"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase.
The report came precisely one year after a court in the British Virgin Islands ordered Three Arrows Capital into liquidation.
Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.
The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore
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The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins.
The crypto exchange has already announced efforts to expand into Canada and Europe amid a lawsuit from the United States Securities and Exchange Commission.
The hawkish approach of the US Securities and Exchange Commission (SEC) has caused many prominent cryptocurrency companies to look abroad. Gemini is amongst them. Gemini, the cryptocurrency exchange led by…
Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance with a subpoena.
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com.