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Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan
Customers from Canada, Singapore and Japan who send crypto outside their Coinbase accounts will be required to provide recipients’ names and addresses starting early April.
Singapore’s Ride-hailing App Turns to Request Finance to Expand its Crypto Payments Offering
Ride-sharing app Ryde is upgrading its crypto payments capability with Request Finance, allowing it to expand the options for its users to top up their in-app Ryde wallets.
Singaporean Court Recognizes Crypto as Property in Theft Case
The lower division of Singapore’s Supreme Court has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft.
MAS to Take Action Against Crypto Exchanges Who Bypass Russia Sanctions
Tharman Shanmugaratnam, Senior Minister and Minister in charge of the Monetary Authority of Singapore (MAS) announced that the financial measures that were imposed by the Singapore Government in relation to Russia applies to all financial institutions in the country, including digital payment token (DPT) service providers.
Grab’s Tech Head to Leave for Crypto Gaming Startup Ethlas
Wui Ngiap Foo Grab, Holdings Ltd.’s head of technology is leaving the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture. He is set to join crypto gaming startup Ethlas as its chief executive officer and co-founder.
Japan Crypto Exchange bitFlyer to be Sold to Asian Investment Fund
bitFlyer, the operator of one of Japan’s largest crypto exchanges will be acquired by ACA Group, a Singapore-based Japanese private equity fund.
Singapore Tightens Crypto Oversight
Singapore recently passed the Financial Services and Markets Bill which requires all cryptocurrency firms based in Singapore to be licensed. This requirement now applies even to firms that exclusively serve offshore clients.
Luxury Car Companies in Singapore and the U.S Start Taking Crypto
BitPay announced a partnership with Porsche Towson in Maryland, USA. EuroSports Global, on the other hand, launched a new partnership with Fomo Pay, the first Major Payment Institution to introduce a cryptocurrency payment method to merchants in Singapore.
KuCoin Launches $100M Fund For NFT Creators, South Cinestar Arya Enters NFT; Bitcoin Rises
KuCoin, a Singapore-based cryptocurrency trading platform announced the launch of a $100 million Creators Fund to support early-stage non-fungible token (NFT) projects.
Blockchain Project Ronin Hit by $615 Million Crypto Heist
Blockchain project Ronin announced that hackers stole cryptocurrency now worth almost $615 million from its systems, in what would be one of the largest cryptocurrency heists on record.