Singapore

Singapore’s biggest bank launches crypto trust solution

DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryptocurrency trust solution amid growing demand for digital assets. After setting up its own crypto exchange in December 2020, the Singaporean banking giant is now expanding its crypto services via its wholly-owned trust company DBS Trustee, The Business Times …

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Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

<div class=”featured_image_container”> </div> <strong>DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has …

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JPMorgan and DBS to launch blockchain cross-border payment platform

Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions. Dubbed Partior, the new firm will use blockchain technology and digitize commercial bank money to reduce the existing friction in cross-border payments, trade transactions and …

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New ASEAN blockchain consortium targets cross-border cooperation

Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. Initiated by Blockchain Association Singapore, or BAS, the MoU …

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Singapore PM tells followers to ‘remain vigilant’ on crypto after seeing name used to sell tokens

Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account.  In a Facebook post Friday, Loong urged Singaporeans to “to remain vigilant when dealing with cryptocurrency platforms.” He said that someone had used BitClout to create …

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Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply

<div class=”featured_image_container”> </div> <strong>Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.”</strong> In 2021, non-fungible tokens have been all the …

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Waves Enterprise expands to Singapore to pursue hybrid blockchain adoption

Waves Enterprise has onboarded Tokenomika Pte Ltd., a Singapore-based fintech company, as an operator for its hybrid public-private blockchain. Tokenomika will operate the Waves Enterprise public permissioned network, starting in March. The expansion comes as part of a strategy shift for Waves Enterprise, focusing more on hybrid networks that can interface with public blockchains like …

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Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

<div class=”featured_image_container”> </div> <strong>Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin …

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Singapore Exchange to streamline trading processes with blockchain tech

The use of DLT can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing, through to settlement of trades. Singapore’s stock exchange, SGX, has announced a joint venture with investment firm, Temasek, to use distributed ledger technology to streamline the issuance and trading of financial products listed on its …

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COVID-19 contact-tracing data is fair game for police, Singapore says

Enlarge / A user in Singaapore holding the TraceTogether device that can be used for COVID-19 contact tracing in lieu of a smartphone app. Roslan Rahman | AFP | Getty Images The government of Singapore said this week it has used data gathered for COVID-19 mitigation purposes in criminal investigations, sparking privacy concerns about contact …

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