Tag: Singapore

Swiss Crypto Firm Sygnum Seeks a Banking License in Singapore

The future of crypto banking remains rather uncertain at this time. Singapore may prove to be a region worth exploring for cryptocurrency firms opting for this business model. Sygnum is one of those companies with big plans and high expectations. Sygnum is one of the many cryptocurrencies companies looking to disrupt traditional finance as people know it today. Sygnum Paves the way for Crypto Banking The Swiss company has made …
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Singapore’s MAS Shuts Down ICO and Forces It to Refund Investors

Regulators continue to pressure cryptocurrency exchanges and initial coin offerings. This is only normal, as these new industries present many opportunities but also pose major challenges. The Monetary Authority of Singapore is cracking down on problematic ICOs. So much, in fact, that one particular project was forced to return its funds to Singaporean investors. Another ICO Goes Awry Over the past few months, various initial coin offerings have been scrutinized by regulators all …
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Tangem Brings Physical Bitcoin Banknotes to Singapore

One of the bigger complaints about Bitcoin and other cryptocurrencies is that they don’t exist in tangible form. A Swiss startup is solving that problem by creating physical Bitcoin banknotes. For now, this effort is limited to Singapore, but it does have some appeal on an international level as well. Physical Bitcoin Banknotes With a Purpose Every time someone creates a physical representation of Bitcoin – or any other cryptocurrency – it …
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Singapore’s DLT-Based Project Ubin Enters Its Third Testing Phase

Multiple governments are showing an interest in tokenizing their national currencies. We have seen discussions like these take place in Singapore, the US, the UK, and a few other countries as well. Most recently, the Singaporean government has been experimenting with a tokenized SGD. This project is known as Project Ubin, and it seems the trial is currently in its third phase. It’s a positive turn of events, although it remains to be …
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