Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech
Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures.
When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."
Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.
The man was sentenced to three years in prison and 12 strokes of the cane for his part in the robbery and beating of a bitcoin buyer.
The guidance is aimed at assisting regulatory compliance and enhance crypto industry conduct under the city-state's payment laws.
Under the central bank's proposals, Singapore regulation would end up covering the overseas activities of locally based crypto companies.