The crypto market is now becoming a major driving force in environmental and climate finance. The implementation of Paris Climate and Sustainable Development Goals (SDGs) requires a global yearly investment of $3 trillion. Funds from the public sector and development assistance are unable to support such a large sum. In a report by Ernst & […]Read full post
Cryptocurrency has been growing in recognition and adoption rate, with Bitcoin being the world’s 3rd largest currency in circulation as of Mar 2021 . Rapid technological advancement further accelerated the growth of cryptocurrency. Similarly, the world saw an increase in crypto crimes. In 2020 alone, crypto crime hit $1.9 billion globally – making it the […]Read full post
Singapore | On 30th April, the Monetary Authority of Singapore (MAS) announced that it will provide S$42 million (about US$31.5 million) to Regulatory Technology (RegTech) and the Digital Acceleration Grant (DAG). This is a massive boost to the financial industry and can positively impact the cryptocurrency and digital payment industry. “The new MAS Regtech […]Read full post
More companies are accepting cryptocurrencies as payment. Should your business do so too? Technological advancement has seen mushrooming of many payment mediums. Cryptocurrency payments are the newest kid on the block. Thanks to ongoing innovations and revolutions in the financial industry, paying for services or goods has become much easier. Payments can now be done […]Read full post
Cryptocurrencies undergo cyclic cycles in innovation and every now and then, there arises a new type of investment or practical use of the technology. Last year, DeFi gained immense popularity and an enormous influx of capital as people rushed to invest in staking, yield farming and other derivative products. Today, DeFi stands at roughly $52 […]Read full post
The regulatory industry has been deeply disrupted by the development of various decentralized technologies which allow for pseudonymous-by-design transactions. Already struggling to graft money-laundering rules, FATF, the intergovernmental organization which sets standards and promotes the effective implementation of legal, regulatory, and operational measures for combating any threats to the integrity of the international financial system […]Read full post
The Financial Action Task Force (FATF) is an important global money laundering and terrorist financing watchdog. As one of the most influential intergovernmental organization, the FATF sets international standards in the implementation of legal, regulatory and operational measures for combating any threats to the integrity of the international financial system. The FATF ensures a global […]Read full post
Bitcoin hits a new record high of more than USD $61,000 with support from institutional investors Bitcoin hits a new record high of more than USD $61,000 as stimulus hopes and big names fuel demand. According to PwC’s global crypto leader Henri Arslanian, this rally is partly driven by the entry of more institutional investors […]Read full post
TheFinancial Action Task Force (FATF) is an independent inter-governmental body that helps to develop and promote Anti-Money Laundering (AML) and Know Your Customer (KYC). In light of the rise of the cryptocurrency industry, the FATF published guidance on how its 37 members should regulate cryptocurrency exchanges whereby the FATF’s 2019 amendment to Recommendation 16 had […]Read full post
The Monetary Authority of Singapore (MAS) has been constantly introducing new regulations while tightening existing regulations in a bid to combat money laundering and the financing of terrorism. Just recently, on 11 February 2021, MAS released Notice PSN01AA, a transitional arrangement to apply requirements of PSOA-N02 to include the exempt persons. The MAS Notice PSN01AA […]Read full post
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