cryptocurrencies

Upstart crypto shows signs of growing up

CRYPTOCURRENCIES have sailed past the wave of initial exuberance and are poised to mature further in terms of regulation, infrastructure and application, market watchers say.

A digital currency? MAS is not convinced

THERE is no compelling reason for central banks to issue digital currencies, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

Is there still value in cryptocurrencies?

A FLURRY of initial coin offerings (ICO), beginning late last year saw billions of dollars being pumped into the purchase of digital currencies issued by startups aiming to raise funding for...

The time is right to move the fintech sector towards maturity

THIS week, the world's financial technology purveyors, investors, and regulators are assembling in Singapore for the city-state's Blockchain Week. It has been a rough ride this year, with the...

Give time to blockchain to make a difference in everyday lives

MUCH of the technology that is now deeply embedded in our daily lives was unfathomable a few decades ago, with many of these new innovations ascending into mainstream society at a slow pace. We...

Smart regulation of cryptocurrencies needed in Hong Kong and Singapore

FEW dispute that Asia will be the world's engine for economic growth and innovation in the coming decades. It is no surprise then that Asia is the fastest growing market for digital currencies...

Singapore mulls putting ICOs in regulatory sandbox

SINGAPORE regulators are open to having initial coin offerings (ICOs) sold through a regulatory sandbox, said a senior officer from the Monetary Authority of Singapore (MAS) at a fintech event this...

Singapore not rushing to regulate cryptocurrencies: MAS

THE Monetary Authority of Singapore (MAS) on Wednesday reiterated that Singapore would be slow to regulate cryptocurrencies - a move that industry players said could actually be good for the growth...

Cryptocurrency fracas spotlights risks in opaque space

NEWS this month that at least one cryptocurrency firm has had its Singapore banking account closed has led to whispers that Singapore is unilaterally shutting its doors to cryptocurrency companies...

Local banks shutting our accounts, say cryptocurrency firms

CRYPTOCURRENCY firms in Singapore are crying foul against what they see as an indiscriminate closing of their bank accounts by local banks, which has rendered many of these "blockchain disruptors"...