Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud. According to reports published in local media, the police’s commercial affairs department has launched an investigation into the founders of the exchange based on multiple complaints against the platform between August and November 2022. The Singapore police noted … Read more
When conversations in Singapore turn to souring geopolitics, there are some who cannot resist pointing out the upside. Of course nobody wants a new cold war, assures one former top official. But if such a situation were unavoidable, and blocs started forming more rigidly and confrontationally around a US-China split, Singapore might be better positioned … Read more
The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The first point MAS wanted to make was that it could not protect local users from the fallout from FTX collapse “such as … Read more
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Publishing date: Nov 22, 2022 • 13 minutes ago • 2 minute read Join the conversation Article content SINGAPORE — Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s outward-oriented … Read more
Singapore Airlines plans to add flights across Asia and increase Airbus A380 services to Australia between March 26 and Oct. 29, 2023, the carrier announced Tuesday. In addition, it is adjusting service on routes to the Americas and Europe. Roundtrip service between Singapore and Busan, South Korea, will resume June 2, operating four times weekly … Read more
The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX users to log in … Read more
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments. On Nov. 11, the MAS announced the launch of Project Cedar Phase … Read more
There could be a surprising twist in the drama surrounding Sam Bankman-Fried’s insolvent crypto exchange FTX. As reported by The Straits Times, a possible government takeover by Singaporean state investor Temasek could be on the table. The group is one of FTX’s many investors. FTX’s other investors include BlackRock, Sequoia Capital, Circle, Ontario Teachers’ Pension … Read more
Hong Kong has kicked off a contest to become Asia’s crypto capital as investors and executives warn rival Singapore may be squandering its head start with its pivot to stricter regulation. The sudden shift in Hong Kong last week towards clear rules for retail investors to trade digital assets follows years of ambiguity from regulators. … Read more
Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is also the target of a lawsuit in Singapore along with the Luna Foundation Guard, or LFG, and Terra founding member Nicholas Platias. In a lawsuit filed in Singapore’s high court on Sept. 23, 359 … Read more