Singapore is moving to give stablecoin issuers a dedicated licence under proposed amendments to the Payment Services Act. The Monetary Authority of Singapore (MAS) would allow only licensed issuers that meet its requirements to market their tokens as...
Singapore is committing S$220 million (US$173 million) over three years to accelerate fintech innovation and technology adoption, with artificial intelligence among the main priorities. The funding comes under the Monetary Authority of Singapore's renewed Financial Sector Technology and...
Financial Stability Board Chair Andrew Bailey has warned that the impact of AI on cyber risk is now the most immediate AI-related concern for the global financial system. In a letter to G20 finance ministers and central bank...
Coinbase’s new US500 index perpetual contract has surpassed $100 million in 24-hour trading volume just one week after launch, according to CEO Brian Armstrong The product gives US traders exposure to an index representing the country’s 500 largest...
Indian shares edged higher on Friday but still ended the week lower for a third straight week, their longest losing streak in five months. The Nifty 50 rose 0.35% to 24,175.65, while the Sensex gained 0.43% to 77,264.51....
CZ said Hong Kong has strong potential to become an important Web3 hub because of its fintech talent, links to mainland China and access to institutional capital. Speaking at a Binance Life book meetup in Hong Kong, the...
Singapore employers are becoming more cautious about hiring as businesses reassess how much they need to spend on people, technology and skills. Marsh Asia said employment expectations for the third quarter fell to 13%, the weakest reading since...
Revolut has launched EURR, its first euro-backed stablecoin, giving eligible customers a way to move between euros, crypto assets, external wallets and supported blockchain networks through an on-chain payment rail. EURR is designed to maintain a value of...
Microsoft co-founder Bill Gates is seeking a meeting with Chinese President Xi Jinping later this year to discuss international measures for controlling some of the most dangerous applications of artificial intelligence. Gates told Reuters he believes China could...
BitMEX co-founder and Maelstrom CIO Arthur Hayes says Bitcoin has entered a new bull market, arguing that changes in US Treasury debt management could increase dollar liquidity and create a favourable environment for risk assets. In his latest...
