Coinbase’s Stand With Crypto launches political action committee

Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. 273 Total views 4 Total shares DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank.DBS has started a trading test of foreign…

A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.

Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer. 256 Total views 3 Total shares

Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. 28 with the Payment Services Act. However, the Monetary Authority of Singapore (MAS) still saw the potential risks that digital…

Aside from liquidity, what do institutions bring to crypto? What precisely is their value added? This is an instructive question to ponder, because there is little consensus on what deeper institutional participation means for an industry that is riven with contradictions.The long-running wait for Bitcoin ETF approval, giving pensions and funds exposure to BTC, may

SBI Ripple Asia — a subsidiary of Japanese financial services giant SBI Holdings — is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap. The news was reported by Cointelegraph Japan on May 30.As previously reported, MoneyTap — which launched in the fall of last year…

Paul Grewal, the chief legal officer of Coinbase, highlighted that the funds of customers are protected legally and physically. 1354 Total views 38 Total shares As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange. In an SEC disclosure made…

Thailand’s Revenue Department is testing blockchain to track value-added tax (VAT) payments, English-language media outlet Bangkok Post (BP) reports Dec. 3.Ekniti Nitithanprapas, director general of the Thai Revenue Department, said that the department “wants to use blockchain technology to prevent VAT refund fraud.” According to the BP, the nation is “on the path to becoming…

Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.” 92 Total views 39 Total shares Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies.In…