Zodia, the Crypto Firm Owned by Standard Chartered, Launches in Singapore: Bringing Innovation and Security

A view of the Standard Chartered bank in Singapore, May 3, 2023. Caroline Chia | Reuters Zodia Custody, a company that assists large institutions in storing their cryptocurrencies, officially launched in Singapore on Tuesday, aiming to capitalize on the rapidly growing digital asset market in the country. In a press release, Zodia announced that it …

Read more

Amid Regulatory Uncertainty in the U.S., Asia Spearheads Efforts to Enhance Crypto Clarity

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty Images Asia is taking the lead in promoting regulatory clarity in the cryptocurrency industry, surpassing the United States and making the region more appealing to investors. Industry experts suggest that …

Read more

Singapore Joins World’s Pioneer in Implementing Stablecoin Crypto Regulations

Singapore has become one of the first jurisdictions to finalize regulations for stablecoins, a type of digital currency designed to maintain a constant value against a fiat currency. The stablecoin market is valued at approximately $125 billion, with Tether’s USDT and Circle’s USDC dominating around 90% of the market cap. However, stablecoins are largely unregulated …

Read more

Singapore trims 2023 growth forecast due to sluggish external demand

A picturesque view of Singapore’s Central Business District and the iconic Merlion illuminated with a stunning projection during the iLight Marina Bay event in March 2018. Suhaimi Abdullah | Getty Images News | Getty Images Singapore has revised its economic growth forecast for this year, projecting a range of 0.5% to 1.5%. The adjustment is …

Read more

Liverpool Manager Jurgen Klopp Expresses Frustration Towards Fans Requesting Autographs, Urging Them to Respectfully Handle the Shirt

Liverpool manager Jurgen Klopp has expressed his frustration towards fans who asked for his autograph. This incident occurred after the Reds suffered a heartbreaking 4-3 defeat against Bayern Munich during their pre-season tour in Singapore. The German manager was approached by fans as he got off the team bus, but he promptly declined, stating that …

Read more