Category: Singapore
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ICOs Produce Slow Start to 2019
During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $90 million, according to data published by Icobench. Of the total funds raised this year so far, $80.2 million can be attributed to the Chelle Coin ICO. Also Read: How US Government Shutdown Affects Bitcoin ETF Approval Slow Start to 2019 for Initial…
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Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies
The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. Also read: Coinflex Exchange to Offer Leveraged BCH and BTC Futures 70 Percent of Central Banks Working…
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How Institutional Investors Are Changing the Cryptocurrency Market
Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market. Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth Will Crypto Markets…
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Zebpay Exchange Now Live in 21 European Countries
Zebpay, formerly one of India’s largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Zebpay…
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Singapore Financial Regulator Updates Guide to Digital Token Offerings
The Monetary Authority of Singapore (MAS) has published new guidelines pertaining to digital token offerings. The document provides additional clarity on the regulatory requirements for intermediaries that facilitate them, while highlighting the reporting obligations of entities offering capital markets products that are not classified as securities. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin…
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The Daily: US Defense Department Probes Blockchain, Singapore Approves 1X
In today’s edition of The Daily, we cover cryptocurrency-related news from different parts of the world. Documents have revealed that an arm of the U.S. Department of Defense (DoD) plans to investigate the technology behind Bitcoin, while a teenager in Israel has been convicted of making bomb threats in exchange for BTC. In India, a…
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Trial Begins: Bitcoin Exchange Accused of Wrongfully Reversing Trades
The trial over alleged wrongful reversals of seven bitcoin trades that occurred last year has reportedly begun in Singapore. Cryptocurrency exchange Quoine has been sued by a market maker. The plaintiff is seeking to recover 3,085 BTC from the exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Plaintiff Seeks 3,085 BTC The trial…
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Singapore Finalizes Regulatory Framework for Cryptocurrency Payment Services
The central bank of Singapore has finalized the country’s new regulatory framework for payment services, which now includes cryptocurrency. Crypto payment service providers, which fall outside of the current regulatory framework, will need to be licensed under the new regime. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Regulating Crypto Payment Services The Monetary…
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IMF: Central Banks Could Issue Digital Currency
Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure. At a recent conference in Singapore, Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention. Also…