Market News
Oct 2 - Cryptocurrency exchange Coinbase has been awarded a full payments licence to operate in Singapore by the city-state's central bank, the U.S.-based company said on Monday.
Coinbase, the world's largest listed crypto exchange, was granted initial approval in October last year. But a series of collapses at crypto firms in 2022, including hedge fund Three Arrows Capital, cooled enthusiasm about the industry. Singapore's state investment firm, Temasek, cut the pay of the team who recommended a $275 million investment in now-bankrupt FTX.
Fourteen companies, including the Singapore arms of British fintech Revolut and London-based crypto firm Blockchain.com, have obtained a crypto payments licence, the MAS said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto exchange Coinbase obtains Monetary Authority Of Singapore licence(Reuters) - The Singapore arm of cryptocurrency exchange Coinbase said on Monday that it had obtained a Major Payment Institution (MPI) licence from ...
Read more »
Crypto exchange Coinbase obtains MPI license in SingaporeWith this license Coinbase remains dedicated to Singapore's crypto community and its mission to provide digital payment token services.
Read more »
Crypto exchange Coinbase gets Singapore payments licenceMarket News
Read more »
In the Market: US bond market signals the end of an eraThe U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. The market's view has come into sharp focus in recent days amid a dramatic run-up in 10-year Treasury yields that hit 16-year highs. Behind that move is a bet that the disinflationary forces the Federal Reserve fought with its easy money policies in the aftermath of the financial crisis have abated, according to investors and a regularly updated New York Fed model based on yields.
Read more »
In the Market: US bond market signals the end of an eraBy Paritosh Bansal (Reuters) - The U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial ...
Read more »
Stock market today: Most of Wall Street slips as the bond market cranks up the pressureMost stocks are drifting lower Monday as the constrictor of higher interest rates tightens its coils around Wall Street.
Read more »