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singapore

Singapore cityscape (Unsplash)
Temasek Says Its FTX Investment Is Now Worth Zero
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.
Singapore cityscape (Unsplash)

CDCROP: Temasek's director of crypto investing Antony Lewis (Danny Nelson/CoinDesk)
Temasek Prepares to Write Off Up to $300M Invested in FTX: Bloomberg
Singapore's state investment fund invested $400 million in both FTX and the crypto exchange's U.S. unit.
CDCROP: Temasek's director of crypto investing Antony Lewis (Danny Nelson/CoinDesk)

CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)
There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says
The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.
CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

CDCROP: Singapore cityscape (Shutterstock)
Crypto Lender Vauld Receives Creditor Protection Extension
The Peter Thiel-backed firm now has till Jan. 20 to work on a restructuring plan.
CDCROP: Singapore cityscape (Shutterstock)

CDCROP: Singapore cityscape worm eye view (Shutterstock)
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
Co-founder Rich Teo told Bloomberg the firm is planning a three-year expansion built around Singapore as its hub for growth outside the U.S
CDCROP: Singapore cityscape worm eye view (Shutterstock)

CDCROP: Singapore cityscape (Unsplash)
Singapore Approves In-Principle License for Crypto Fund Manager Hashkey
The license from the central bank will allow Hashkey Capital's local arm to conduct fund management services.
CDCROP: Singapore cityscape (Unsplash)

CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)
Singapore's MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments
The project comes a day after the central bank announced new projects aimed at trade finance and wealth management.
CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)

Markets Daily Podcast Cover
Crypto Update | Save Billions by Using the Blockchain to Distribute Federal Disaster Relief Money
With bitcoin and ether down ahead of the Fed’s expected interest rate hike, plus a look at how government blockchains can help save taxpayers money, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)
Singapore Starts Two New Token Pilots With Standard Chartered, HSBC and Others
The two new pilots will focus on using DeFi in trade finance and wealth management.
CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)

CDCROP: Circle Chief Strategy Officer Dante Disparte (left) and Chief Executive Officer Jeremy Allaire (Nikhilesh De/CoinDesk)
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
Circle received its approval shortly after fellow stablecoin issuer Paxos received its own license.
CDCROP: Circle Chief Strategy Officer Dante Disparte (left) and Chief Executive Officer Jeremy Allaire (Nikhilesh De/CoinDesk)