Huobi Closes Singapore-Based Accounts to Comply with Local Legistation
The major digital asset exchange – Huobi Global – revealed it will shut the accounts of all Singapore-based users by March 31, 2022. The company will also start closing its…
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Bitcoin Suisse to enable Lightning Network payments
Bitcoin Suisse, Switzerland’s biggest BTC broker, has now made Lightning Network technology available for its crypto payment system.
Huobi to halt services in Singapore after China exit
All Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022.
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
Huobi to Migrate Its Cryptocurrency Spot-Trading Services to Gibraltar: Report
Huobi Group will move its spot-trading operations to Gibraltar as The Financial Services Commission of the city-state has already greenlighted the initiative, according to a recent report. Gibraltar Caught The…
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading…
Singapore Has No Plans to Ban Bitcoin, Says MAS Managing Director
Ravi Menon – the head of the Monetary Authority of Singapore – sees a lot of potential in the cryptocurrency industry. As such, he vowed that the local regulator will…
Singapore’s Central Bank Chairman Shows Openness to Stablecoins
Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam – Singapore’s Central Bank Chairman – recently stated that cryptocurrency has a…
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Singapore Greenlights Aussie Exchange and DBS Vickers to Provide Crypto Services
The digital asset trading venue Independent Reserve received approval from the Monetary Authority of Singapore (MAS) to provide crypto services in the Asian city-state. Additionally, the regulator also greenlighted the…