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Singapore
Crypto Hedge Fund Three Arrows Capital Censured By Singapore Central Bank
Singapore’s central bank, the Monetary Authority of Singapore (MAS), reprimanded embattled crypto hedge fund Three Arrows Capital (3AC) for allegedly misleading it with false information. “The Hash” group discusses what the collapse of 3AC could mean for Singapore’s crypto scene and the country’s regulatory approach.
Singapore Central Bank Censures Three Arrows Capital for Alleged Misleading and False Disclosures
The crypto hedge fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank.
CoinFLEX Issues Recovery Tokens; MAS Says Cryptos Not Currencies
CoinFLEX to issue $47 million in tokens as it waits for "crypto whale" to pay up. Voyager Digital issues notice of default to Three Arrows Capital. Investors yank $453 million from digital assets in one week. Chinese blockchain developer BSN calls crypto a huge ponzi scheme. Monetary Authority of Singapore says that crypto is unlikely to perform the functions of money. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
CoinFLEX Freezes Withdrawals; Investors Deserting Singapore
CoinFLEX latest crypto exchange to freeze withdrawals, while Voyager cuts limit amid 3AC exposure. Chinese police say crypto being used to launder drug money. Retail investors desert exchanges in Singapore amid bear market and government warnings. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Dubai Regulator: Three Arrows Capital Isn’t Registered Here
The Dubai Financial Services Authority says the embattled crypto fund has not set up shop in the emirate, despite stated plans.
Singapore Will Crack Down on Bad Crypto Behavior: Report
The Monetary Authority of Singapore will be "brutal and unrelentingly hard," the central bank's chief fintech officer said.
Crypto Exchange Bitget Plans to Double Workforce as Peers Cut Back in Bear Market
In contrast with exchanges Coinbase and Gemini, the derivatives platform plans to increase its staff.
Singapore Grants In-Principle Licenses to Crypto.com, Two Others
The firms will be able to offer services to Singapore-based customers if granted full licenses.
Coinbase Makes Strategic Investment in Crypto Exchange Zipmex: Report
According to The Block, Coinbase Global (COIN) has agreed to make a strategic investment in Singapore-headquartered cryptocurrency exchange Zipmex. “The Hash” discusses the outlook for the crypto exchange amid a hiring pause.
US Senators’ Crypto Bill; India’s Crypto Taxes Bite
Industry players weigh in after US crypto bill unveiled. Indian crypto exchange WazirX warns of tough year ahead. Singapore’s ADDX to recognize crypto assets. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”