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Paxos Spearheads Singapore’s Stablecoin Evolution With USD-Backed Token Initiative
Singapore has issued in-principle approval to stablecoin firms Paxos and StraitsX for issuing a USD-backed stablecoin. Among the other Asian countries, Japan and Hong Kong are also looking to develop ...
Why is the crypto market up? Bitcoin nears $38,000
Bitcoin has shown its solid resistance amid the inflation and interest rates that have already affected other financial assets, including the US stock market. The crypto market however is facing a ...
Crypto Firm Paxos to Issue U.S.-Dollar Stablecoin in Singapore
Paxos said it will issue a new U.S. dollar-pegged stablecoin in Singapore after getting approval from local regulators to offer digital payment token services. The stablecoin would mark Paxos' first ...
Singapore, US and IPEF partner countries agree on lowering carbon emissions and corruption in trade
SINGAPORE - Singapore, the United States and 12 other Indo-Pacific countries have signed agreements aimed at lowering the carbon emissions and lowering corruption in trade, the Ministry of Trade and ...
‘Singapore is wide open for business’: EnterpriseSG launches overseas centre in San Francisco | Video
Enterprise Singapore (EnterpriseSG) on Tuesday (Nov 14) launched its San Francisco Overseas Centre to facilitate Singapore companies’ entry into the United States and boost trade and investment ...
Study: How Singapore’s unicorn landscape cultivates its business-friendly image
A recent study has found that the enterprise tech sector dominates the unicorn landscape globally, with Singapore accounting for 2% of the total unicorn valuation.
Egg importer fined $7,500 for failing to get imports inspected by SFA
The firm failed to arrange for SFA’s inspection, examination, and certification of six hen egg consignments. Read more at straitstimes.com.
Singapore Unveils Latest Relief Package to Ease Cost of Living
Singapore's government unveiled its latest support package to provide more relief for households as well as businesses.
Paxos secures preliminary license for crypto services in Singapore
Paxos, the blockchain infrastructure firm, has obtained a preliminary license from the Monetary Authority of Singapore (MAS).
Singapore vies with Asian peers for slice of US$127bil stablecoin sector
SINGAPORE (Bloomberg): Singapore awarded a batch of in-principle license approvals to stablecoin issuers, intensifying the competition among Asian financial hubs for a slice of a key crypto segment ...
Paxos to Issue New US Dollar-Backed Stablecoin in Singapore
American stablecoin issuer, Paxos has received the preliminary license that will make it float a new Dollar-backed stablecoin in Singapore.
Singapore’s middle distillates stocks near 10.5 mln bbls as gasoil net exports slip
SINGAPORE, Nov 16 (Reuters) - Singapore’s middle distillates inventories climbed 4.8% week-on-week to almost 10.5 million barrels as net exports of gasoil extended declines for a fourth straight week, ...
Man laundered about S$450,000 in scam proceeds through Singapore to China, gets jail
The 40-year-old also ran an illegal remittance business, sending about S$2.9 million to bank accounts in China.
Singapore’s Economic Growth Improves In Q3 2023
Singapore's economic growth in 2023 has slowed compared to 2022, with contracting manufacturing output and exports being a key factor. The service sector is expected to be more resilient ...
Crypto platform Paxos gets in-principle approval to issue stablecoins in Singapore
CRYPTO platform Paxos has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services under its Singapore entity, the company said on Thursday ...