SINGAPORE
China and Singapore establish task force for green finance cooperation
China and Singapore have formed a task force to collaborate on green and transition finance initiatives. The China-Singapore Green Finance Taskforce (GFTF) will focus on developing financial standards, products, and technologies to support a low-carbon future in the region. The task force will also facilitate greater public-private sector collaboration and strengthen sustainability bond market connectivity.
Zipmex Requests Moratorium Extension in Singapore
Cryptocurrency exchange Zipmex has requested an extension of its moratorium on debt in Singapore due to liquidity issues. The company plans to use the extra time to reopen withdrawals on its Z Wallet platform.
Singapore authorities investigate Terraform Labs
Singaporean police have launched an investigation into Terraform Labs, the company co-founded by Do Kwon, who was accused of fraud by the US Securities and Exchange Commission (SEC) last month. The SEC has alleged that Kwon laundered over $100m worth of bitcoin, which he had removed from the Terra platform, and converted to fiat.
Blockchain Fest Singapore 2023 Wraps Up with Great Success
Blockchain Fest Singapore 2023 Concludes with Successful Outcomes and Valuable Connections
DBS Bank to Expand Crypto Services to Hong Kong
As Hong Kong strives to become a digital asset center, Singapore state-owned megabank DBS Group plans to extend its crypto platform there.
Crypto Lender Struggles Extended Creditor Protection For Vauld
Singapore gave Vauld another creditor protection term. The corporation needs a resurrection strategy by Feb. 28. Due to market circumstances, the site stopped 800,000 user withdrawals in July 2022. It received a three-month liquidity moratorium in August 2022.
Blockchain Fest Singapore 2023 Announces Sponsorship
EMCD and Gresham International will be Blockchain Fest Singapore 2023 Sponsorship
Singapore police allegedly investigate Hodlnaut
Singaporean crypto lender Hodlnaut is reportedly under investigation for cheating and fraud. Multiple complaints against the platform between August and November 2022 prompted the police to investigate the exchange's founders. Singapore police say most complaints involve misrepresentations.
Singapore police warn of FTX phishing scams
Singapore police warn against fake websites claiming to be hosted by the U.S. Department of Justice. The websites claim to be able to recover funds from now-bankrupt cryptocurrency exchange FTX. An estimated 1 million investors and creditors have been affected by FTX's bankruptcy. Singapore has pursued stricter regulations around retail trading and self-hosted wallets.
Coinbase CEO Criticizes Singapore's Aim to Become a Web3 Hub at Expense of Crypto Trading
Armstrong seems to say that Singapore can’t become a Web3 hub while doing away with cryptocurrency.
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.
92% High-Net-Worth Individuals in SG & HK Are Interested in Digital Assets: KPMG
KPMG China conducted a study dubbed “Investing in Digital Assets” and found that family offices and high-net-worth individuals in Singapore and Hong Kong have a growing interest in terms of virtual digital assets.
Blockchain.com Gets Green Light to Operate in Singapore
Crypto exchange Blockchain.com has gotten the go-ahead to set foot on Singaporean soil after being approved by the nation’s central bank.
Coinbase Enters Singapore after Gaining Licence
Coinbase has entered the Singaporean market as it has gained approval from the central bank to offer its crypto services in the city-state.
DBS Offers 4 Crypto Trading for Premium Clients in Singapore
Singapore-based banking giant DBS announced to enable accredited investors to trade four cryptocurrencies, including BTC, BCH, ETH and XRP on its digital exchange.