singapore

CDCROP: Singapore, Parliament House, Exterior (Getty Images)
Singapore's Financial Regulator Defends Itself After FTX Blowup
Singapore state fund Temasek’s investment in FTX caused "reputational damage," but “it is the nature of investment and risk-taking,” said Deputy Prime Minister Lawrence Wong.
CDCROP: Singapore, Parliament House, Exterior (Getty Images)

CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)
Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight
Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.
CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)

CDCROP: Investigating Smoke Damage Destruction Investigation Examining (Unsplash)
Singapore Starts Fraud Investigation Into Crypto Exchange Hodlnaut
The police are looking into allegations of cheating and fraud by the company and its directors.
CDCROP: Investigating Smoke Damage Destruction Investigation Examining (Unsplash)

CDCROP: Singapore cityscape (Unsplash)
Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore
The company said it has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful.
CDCROP: Singapore cityscape (Unsplash)

CDCROP: Places To Visit - Seychelles (EyesWideOpen/Getty Images)
Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion
The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year.
CDCROP: Places To Visit - Seychelles (EyesWideOpen/Getty Images)

Singapore-based cryptocurrency exchange Zipmex said it has received an offer from an interested party with due diligence processes able to commence. (Michal Jarmoluk/Pixabay)
Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'
A deal may be reached as early as next week, according to a person familiar with the matter.
Singapore-based cryptocurrency exchange Zipmex said it has received an offer from an interested party with due diligence processes able to commence. (Michal Jarmoluk/Pixabay)

Singapore cityscape (Unsplash)
Temasek Says Its FTX Investment Is Now Worth Zero
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.
Singapore cityscape (Unsplash)

CDCROP: Temasek's director of crypto investing Antony Lewis (Danny Nelson/CoinDesk)
Temasek Prepares to Write Off Up to $300M Invested in FTX: Bloomberg
Singapore's state investment fund invested $400 million in both FTX and the crypto exchange's U.S. unit.
CDCROP: Temasek's director of crypto investing Antony Lewis (Danny Nelson/CoinDesk)

CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)
There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says
The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.
CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

CDCROP: Singapore cityscape (Shutterstock)
Crypto Lender Vauld Receives Creditor Protection Extension
The Peter Thiel-backed firm now has till Jan. 20 to work on a restructuring plan.
CDCROP: Singapore cityscape (Shutterstock)