As we enter the final month of 2023, the year’s cryptocurrency market has been a whirlwind, experiencing significant highs and lows. Whether you’re a seasoned investor seeking immediate returns or a newcomer aiming for long-term growth, making informed decisions within this dynamic landscape is crucial. This article delves into the
DigiFT, a digital assets exchange, was admitted into the Monetary Authority of Singapore FinTech Regulatory Sandbox in June 2022 for dealing in capital markets products by facilitating the issuance of security tokens, and for operating an organised market for secondary trading As a Capital Markets Services licence holder and a
The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.
XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment
Bank of America (BAC) stated in a research on Monday that central bank digital currencies (CBDCs) are on the horizon, but will not occur in the near future. The report found that 33% of the world’s central banks, representing 67% of nations and 98% of global GDP, are actively investigating
SINGAPORE–(BUSINESS WIRE)–Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. The application is a part of Project Guardian(i), a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested
Kevin R. Greene to continue role at Tassat as the Chairman of the Board of Directors NEW YORK–(BUSINESS WIRE)–Tassat Group, Inc., the leading provider of real-time digital payments solutions, today announced the appointment of Zain Saidin as Chief Executive Officer (CEO). Saidin assumes the CEO position after serving as Chief
The UK government has updated its intentions to regulate stablecoins backed by fiat currency. The paper was released on October 30 with the intent of easing and regulating the usage of fiat-backed stablecoins in UK payment networks. The paper states that in 2024, His Majesty’s Treasury plans to present explicit
The natural evolution of Game Finance (GameFi) from Web2 to Web3 has been a journey that has yielded crucial lessons. The bear market that intensified in 2022 provided a boost for innovators and builders in the space to experiment with new paradigms. Ultimately, users are getting the opportunity to explore
Bitcoin, the world’s leading cryptocurrency, recently made headlines by reaching all-time highs in Argentina, Lebanon, Egypt, Laos, and Nigeria. While it might have gone unnoticed in some regions, it’s essential to understand that Bitcoin’s value isn’t tied to any specific currency, and its global nature means its price can vary
