OPNX exchange bids for crypto lender Hodlnaut in Singapore
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims.
Auto Added by WPeMatico
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims.
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency.
Rohit Sipahimalani – Chief Executive Officer of the Singaporean state-owned conglomerate Temasek – said the entity is currently not interested in cryptocurrency investments due to the lack of regulatory clarity. …
The Monetary Authority of Singapore (MAS) will reportedly insist that cryptocurrency firms keep clients’ assets in a designated trust by the end of 2023. The step comes several months after…
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones.
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.
"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