Tag: Singapore

Singapore fx
January 28, 2020 BY Mariela Naydenova

MAS introduces new PSA framework for the crypto sector

The financial regulator in Singapore, the Monetary Authority (MAS) has just announced the introduction of the Payment Services Act (PSA), which aims to serve as the new regulatory framework for cryptocurrency payments. The new framework will promote and boost the consumer confidence in transaction with digital assets, believes the regulator. The legislation was passed in…

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October 30, 2019 BY Mariela Naydenova

The world's first blockchain-based carbon trading exchange

In Singapore, blockchain is moving with lightning speed, it seems. AirCarbon Pte, based in Singapore, has just launched the world's first blockchain-based carbon trading exchange. What this will allow corporates and airlines to do is buy and sell tokens backed by carbon credits, which are all approved by ICAO (the International Civil Aviation Organisation.). According…

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MAS Monetary Authority of Singapore
October 15, 2019 BY Valentina Kirilova

MAS: New initiatives to facilitate capital market activities between Singapore and China

The Monetary Authority of Singapore (MAS) has yesterday shared with the pubic that new initiatives were underway to strengthen capital market activities between Singapore and China. The initiatives were discussed at the 15th Joint Council for Bilateral Cooperation between Singapore and China and aim to facilitate the growing interest of financial institutions based in Singapore…

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Singapore
October 09, 2019 BY Valentina Kirilova

Singapore's MAS cuts FX leverage to 20:1

The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations: Retail investors will now have access to 20:1 leverage (previous leverage was 50:1). As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of…

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Singapore
September 24, 2019 BY Valentina Kirilova

Euronext FX launches in Singapore

Euronext has announced that it has successfully launched the Euronext FX in Singapore. The venue was launched months ahead of schedule with the first spot foreign exchange trades occurring on September 9, 2019 between two global banks. LeapRate reminds that the pan-European exchange in the Eurozone announced the rebranding of FastMatch, its Electronic Communication Network…

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Capital com ai smartfeed
August 14, 2019 BY Mariela Naydenova

Limestone Network to build a smart city using blockchain

Limestone Network is a startup based in Singapore that aims to disrupt the urban environment in Southeast Asia by using blockchain to build smart cities. The first planned project comprises a 100-hectare land in Phnom Penh. The project is backed up by private investors and it will affect approximately around 200,000 people on a daily…

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Exclusive: Edgewater Markets expands with new personnel in Singapore
August 02, 2019 BY Valentina Kirilova

Exclusive: Edgewater Markets expands with new personnel in Singapore

Leaprate Exclusive... Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has just informed LeapRate that it has welcomed aboard Rick Lloyd as Director of eFX Sales out of its Singapore office. Rick Lloyd brings a wealth of experience in the Foreign Exchange markets space spanning over 30 years of industry expertise working for corporate and…

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Binance
July 16, 2019 BY Mariela Naydenova

Is Binance launching a fiat-to-crypto exchange in South Korea?

Binance, the world's leading cryptocurrency exchange, is reportedly planning to launch a fiat-to-cryptocurrency exchange in South Korea. The information comes from a news report at CryptoGlobe. According to press, this is what the founder and CEO of Binance said regarding the project: We do not know the details related to the establishment of the Korean…

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SGX
June 12, 2019 BY Valentina Kirilova

Singapore spurs development of FX trading hub & ecosystem

The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…

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