Crypto.com Establishes First Global Innovation Lab in Singapore for AI, Web3 and Blockchain Exploration
June 27 (Cointime) - Crypto.com has announced the establishment of its first Global Innovation Lab in Singapore, which will focus on experimenting with frontier technologies and exploring new use cases for AI, web3, and blockchain. The company will recruit a new team fully dedicated to the lab, with additional roles to be established in the future.
Singapore Ranks as Second-Best Crypto Hub in the World Due to Regulatory Structure and Digital Infrastructure
June 27 (Cointime) - Singapore has been ranked as the second-best crypto hub in the world due to its regulatory structure, digital infrastructure, and ease of doing business. Despite average scores for quality of life and per-capita crypto jobs, the city-state is home to some of the biggest brands in crypto, including Binance, Coinbase, and Crypto.com.
Coinbase CEO Praises Singapore’s Economic Freedom, as US Regulations Cause Uncertainty for Cryptocurrency Firms
June 26 (Cointime) - Cryptocurrency companies in the US are facing uncertainty due to unclear regulations, causing some to seek better opportunities abroad. Coinbase CEO, Brian Armstrong, highlighted the importance of economic freedom for a country's growth, while facing legal challenges from the SEC.
Swiss Digital-Asset Bank Sygnum Experiences Strong Demand for Crypto Transactions from Fund Houses and Institutions, Receives MPIL Approval in Singapore
June 26 (Cointime) - Switzerland's Sygnum AG, a digital-asset bank, is seeing a surge in demand for crypto transactions from fund houses, family offices, and institutions, which is expected to boost revenues for its new brokerage business in Singapore. The Monetary Authority of Singapore has granted Sygnum in-principle approval for a license that will allow it to provide digital token brokerage services.
Don’t Follow the US: Blockchain Aus CEO Hammers ‘Regulation by Enforcement’
June 26 (Cointime) - New Blockchain Australia CEO Simon Callaghan wants the Australian government to learn cryptocurrency regulation from places like the UK, Hong Kong and Singapore, not the US. He believes "enforcement regulation" is tantamount to holding a hammer and treating everything as a nail, which is not the right approach for Australia.
OCBC Becomes the First Bank in Singapore to Allow Certain Foreigners to Open Digital Bank Accounts
June 23 (Cointime) - OCBC has become the first local bank in Singapore to allow certain foreign customers from Malaysia, Indonesia, Mainland China, and Hong Kong to remotely open digital bank accounts in Singapore using the bank's mobile application. The bank said that these accounts can be used for salary and accommodation payments, helping customers to transition their business to Singapore.
Admirals Joins Estonian Business Hub In Singapore, A Springboard To Apac Markets
June 23 (Cointime) - Admirals has recently announced its partnership with Estonia’s newly opened Business Hub in Singapore in order to strengthen its understanding of the Asia-Pacific market and its diverse needs.
Ripple to Offer Digital Payment Services in Singapore After Receiving Regulatory Approval
June 22 (Cointime) - Ripple Labs' Asia-Pacific branch has been granted in-principle approval for its Major Payments Institution License application by the Monetary Authority of Singapore (MAS), allowing it to offer digital payment services in Singapore.
Hong Kong Urged to Follow Japan and Singapore's Lead in Web3 and Crypto Development, Says Government Study
June 22 (Cointime) - A government study by the Research Office at Hong Kong's Legislative Council has recommended that Hong Kong should learn from Japan and Singapore in its efforts to develop and embrace Web3 technologies and crypto.
dtcpay Announces USD16.5M in Pre-Series A Funding Round Led by Mr Kwee Liong Tek
Singapore, 21 June 2023 – dtcpay, a Singapore-based digital payments platform, announced it has raised USD16.5M in a pre-Series A funding round. One of Singapore's most influential conglomerate family business owners, Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led this round. The funding will further invest in product development, building more robust operations / infrastructure capabilities, and expanding dtcpay’s global presence.
