Adding to this, the company received a special license to produce and supply on an OEM basis (original equipment manufacturer) throughout Singapore and South-East Asia. The company also recently sealed a distribution deal with 8G Solutions, which will transport ClearVue’s specialised Solar Vision Glass across the US’s southern states – Kansas, Missouri, Arizona and Colorado.…
Read more
Ripple’s CEO, Brad Garlinghouse said: Singapore is a leading global financial center, and a prominent gateway to business in Asia Pacific. We’re incredibly proud to receive an in-principle license from the MAS, reaffirming our commitment to the region and ongoing proactive engagement with regulators globally. The MAS continues to be a global leader in establishing…
Read more
According to the official announcement, the launch is expected for the end of the first quarter of 2023. CMC Invest will offer zero commission and real-time pricing in selected markets, including Singapore, the US, and Australia. The company has already recived similar licences in the UK and Australia. Christopher Forbes, head of CMSI, said: The…
Read more
Coinbase has been working to increase its presence in the Lion City. Last year, the crypto company announced Singapore as a tech hub for Coinbase. Since then, the exchange has hired and trained product managers and engineers on Web3 technologies. The announcement further detailed that the team leading the firm’s venture business, Coinbase Ventures, has…
Read more
Singapore as a trading hub The platform’s launch in Signapore is a strategic move for the company, as well as the Singapore regulator. MAS has already revealed its plans to strengthen Singapore as a major trading and corporate treasury hub. Breteau added: Singapore is the third largest FX trading centre globally and the largest in…
Read more
Darren Boulos, Head of FX Sales and Trading in Asia-Pacific at BNY Mellon said: We've spent the past four years fully integrating and accentuating our global FX capabilities, and this is just the next step in the bank's commitment to the region, specifically to Singapore as the hub of our Asia G10 FX trading. "With…
Read more
The financial regulator in Singapore, the Monetary Authority (MAS) has just announced the introduction of the Payment Services Act (PSA), which aims to serve as the new regulatory framework for cryptocurrency payments. The new framework will promote and boost the consumer confidence in transaction with digital assets, believes the regulator. The legislation was passed in…
Read more
In Singapore, blockchain is moving with lightning speed, it seems. AirCarbon Pte, based in Singapore, has just launched the world's first blockchain-based carbon trading exchange. What this will allow corporates and airlines to do is buy and sell tokens backed by carbon credits, which are all approved by ICAO (the International Civil Aviation Organisation.). According…
Read more
The Monetary Authority of Singapore (MAS) has yesterday shared with the pubic that new initiatives were underway to strengthen capital market activities between Singapore and China. The initiatives were discussed at the 15th Joint Council for Bilateral Cooperation between Singapore and China and aim to facilitate the growing interest of financial institutions based in Singapore…
Read more
The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations: Retail investors will now have access to 20:1 leverage (previous leverage was 50:1). As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of…
Read more