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Singapore
Terraform Labs, Do Kwon Reportedly Fail to Have Suit Rejected; House Crypto Votes to Come in 2024
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including bitcoin price action, and KuCoin Ventures' grant to the TON network. Plus, Terraform Labs and its founder, Do Kwon, may be hit with a class-action lawsuit in Singapore. And, the latest timeline for a vote on crypto legislation in the U.S. House of Representatives.
Terraform Labs, Do Kwon Fail to Have Singapore Class-Action Suit Rejected: Report
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
"This shows that MAS is listening, and is willing to consider industry feedback, even if they do not always agree," said Angela Ang, a senior policy adviser for blockchain intelligence firm TRM Labs and a former MAS regulator.
There Is a World of Web3 Outside the U.S. and Europe
Crypto is thriving in the Asia-Pacific region -- where uses, users and builders abound, Gitcoin's Azeem Khan argues.
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
The company plans to issue a U.S. dollar-backed stablecoin upon receiving full approval from the Monetary Authority of Singapore, its central bank.
Singapore Central Bank Starts Tokenization Pilots; What's Behind Solana’s SOL Rally?
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including Singapore's central bank starting to test tokenization use cases alongside major financial services firms like JPMorgan. Shiba Inu (SHIB) ecosystem’s upstart blockchain Shibarium will be used by the Manny Pacquaio Foundation for fundraising and operational activities. And, a closer look at the latest SOL rally.
Singapore Central Bank Starts Tokenization Pilots Alongside JPMorgan, BNY Mellon, DBS
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.
Crypto Lender Hodlnaut to Be Liquidated, Court Filing Shows
A winding up order was filed by Hodlnaut's liquidators on May of this year.
International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.
