Singapore’s meticulously crafted reputation as a bastion of financial stability is taking a fascinating turn. The island nation, long known for its conservative approach, is emerging as a surprising champion for regulated cryptocurrency activity. The latest entrant to this burgeoning scene? Global crypto exchange OKX, which just scored a coveted in-principle approval for a Major […]
Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors “about 3.35 cents” on the dollar of their initial claims. This offer forms a key part of the company’s restructuring strategy […]
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has recently underscored the noticeable transformation in the monetary landscape, highlighting central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins emerging as key components. Speaking at a Hong Kong Monetary Authority-Bank for International Settlements event, Menon provided insights into the future […]