Singapore
Neil Tan: Hong Kong’s Crypto Push
Cryptocurrency firms are being driven to explore friendlier jurisdictions due to a challenging regulatory climate in the U.S., says Neil Tan, chairman of the FinTech Association of Hong Kong. The city’s strategic position as a gateway to China, combined with its robust access to capital, are strengthening its ambitions to become a leader in the virtual assets arena. However, Hong Kong faces stiff competition as it vies with Dubai and Singapore. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Tan explains why the comprehensive rules set by the city’s Securities and Futures Commission — including the facilitation of retail trading while ensuring investor protection — have become key attractions for these firms.
Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth
The company plans to open an engineering center in India and increase headcount in Singapore to over 100.
USDC Issuer Circle Receives Digital Token License in Singapore
Circle Singapore has now received its Major Payment Institution (MPI) license for digital payment token services in Singapore, after having obtained in-principle approval last November. "The Hash" panel weighs in on the stable issuer's new license.
Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.
Crypto.com Receives Digital Token License in Singapore
The exchange received in-principle approval in Singapore last June.
Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare
Temasek wrote down the entirety of its investment in FTX in November.
Su Zhu Obtains Restraining Order Against Arthur Hayes From a Singapore Court
Su Zhu, a co-founder of defunct crypto hedge fund Three Arrows Capital (3AC), has obtained a restraining order against Arthur Hayes, a co-founder of the BitMEX trading platform, from a Singapore court. "The Hash" panel discusses the latest developments as the order states the ruling can be served to Hayes via his Twitter account.
Algorand Foundation Among Creditors Opposing Restructuring of Troubled Crypto Exchange Hodlnaut
The Algorand Foundation declared $35 million in exposure to the lender in September.
Coinbase CEO Leaves Door Open to Relocating
Coinbase (COIN) CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Separately, crypto exchange Luno is withdrawing from Singapore while the UAE's securities regulator is starting to accept license applications from crypto firms. "The Hash" panel discusses the global crypto shuffle.
Crypto Exchange Luno to Withdraw From Singapore
The firm will stop serving customers in the city state on June 20.
