Latest news about: Singapore

Hong Kong and Singapore welcomed the Chinese and South Korean ICO

Hong Kong and Singapore welcomed the Chinese and South Korean ICO

As China continues to follow the path of restrictive and ambiguous management of the growing fintech industry, technology companies depart for more hospitable shores of Hong Kong and Singapore. In the past few months, Singapore and Hong Kong are experiencing a boom from the influx of companies that runs the ICO, and to thank them… More

The Singapore government announced the competition for blockchain projects

The Singapore government announced the competition for blockchain projects

The government of Singapore is launching a competition focused on blockchain projects, and the winners will receive cash prizes. Singapore’s Agency for media development (IMDA) said that the challenge is to accelerate the pace of digital transformation in the city-state through the use of blockchain innovation. Contestants will present their work in two categories: “enterprise”… More

Singapore Central Bank: the blockchain is ideal for international payments

Singapore Central Bank: the blockchain is ideal for international payments

Managing Monetary authority of Singapore (MAS), which de facto perform the functions of a Central Bank’s city-state, told about the possible potential of blockchain technology in the field of international payments. During a speech on Thursday the Director of MAS, Ravi Menon confirmed his opinion that one of the “most powerful” options for the use… More

Singapore authorities see no reason for strict regulation of the cryptocurrency

Singapore authorities see no reason for strict regulation of the cryptocurrency

Many cryptocurrency companies in Asia today are looking for a more favourable environment for business development, with the hope of glancing in the direction of Singapore. But the city-state are not yet clearly outlined their positions on cryptocurrencies. The Central Bank of Singapore (Mas) is currently studying the risks associated with the cryptocurrency trade, but… More

The Central Bank of Singapore warns against investing in cryptocurrencies

The Central Bank of Singapore warns against investing in cryptocurrencies

Meteoric rise in the price of bitcoin and other crypto-currencies forced the Central Bank of Singapore to publish an official warning from investing in cryptocurrency. On December 20 in its report, the Monetary authority of Singapore (MAS) urged people to “act very carefully and understand significant risks” associated with investing in cryptocurrency. The report stated:… More