Crypto / Digital Assets

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Firm XREX

By Mark Johnston | 21/11/2023

The in-principle approval encompasses six payment services. Last week, MAS also granted in-principle approvals to three stablecoin issuers.

Crypto / Digital Assets

Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

By Ranamita Chakraborty | 20/11/2023

Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

Crypto / Digital Assets

Japan FSA Allows ODX to Launch Security Token Trading Platform

By Editors | 20/11/2023

Osaka Digital Exchange said its new platform, to be known as “START”, will launch by the end of the year.

Crypto / Digital Assets

Kazakhstan Launches CBDC Platform in “Pilot Mode”

By Editors | 19/11/2023

Second-tier banks and their clients can use the “digital tenge” for retail transactions and to test automated smart contracts for settlements.

Crypto / Digital Assets

Korea: Major Political Party to Require Candidates to Disclose Crypto Holdings

By Editors | 18/11/2023

Information on prospective candidates’ crypto holdings will be made available to the public on an online platform ahead of Korea’s 2024 general election.

Crypto / Digital Assets

GBBC Announces Merger with US Blockchain Coalition

By Editors | 18/11/2023

The US Blockchain Coalition will become a national initiative of GBBC, which will have nearly 600 institutional members post-merger.

Crypto / Digital Assets

Philippines Set to Issue Maiden Tokenised Treasury Bonds

By Mark Johnston | 17/11/2023

The Philippines will issue the country’s first tokenised treasury bonds next week, available in PHP 10 million denominations.

Crypto / Digital Assets

ATO Updates Guidance on Crypto Capital Gains Tax

By Editors | 16/11/2023

Capital gains tax applies to transactions involving wrapped tokens, DeFi lending and borrowing arrangements, liquidity pools, and DeFi reward payments.

Crypto / Digital Assets

MAS Unveils Digital Money Blueprint, Plans for Wholesale CBDC

By Manesh Samtani | 16/11/2023

Four new digital money trials will commence with industry players, and MAS will pilot the “live” issuance of wholesale CBDCs for the first time next year.