Bitcoin Businesses Face Bank Account Closures in Singapore
Banks in Singapore have closed the accounts of a number of cryptocurrency firms without expanation, according to a news report.
Hong Kong's banking authority has announced a new collaboration with Singapore aimed to digitize trade finance with distributed ledger technology.
Dozens of startups are now working with blockchain in Singapore, according to an official for the city-state's de facto central bank.
The chief of Singapore's central bank has indicated it will not regulate cryptocurrencies, but will stay watchful on the risks posed by the tech.
The minister for the Monetary Authority of Singapore has said the institution is working to create a regulatory framework for cryptocurrency payments.
The Monetary Authority of Singapore has revealed three new prototypes as part of its "Project Ubin" blockchain research initiative.