Moomoo Becomes First Digital Brokerage in Singapore to Obtain Major Payment Institution License

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On July 28, 2024, Moomoo announced it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), making it the first digital brokerage in Singapore to obtain a license for digital payment token services. This milestone allows...

Chee Hong Tat Appointed Deputy Chairman of MAS Board

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On 29 July 2024, the Monetary Authority of Singapore (MAS) announced that Mr. Chee Hong Tat, the Minister for Transport and Second Minister for Finance, will be appointed Deputy Chairman of the MAS Board of Directors. This appointment, set to take effect from 23...

FINMA Publishes New Guidelines on Stablecoins: Enhancing Regulatory Oversight and Strengthening Financial Security in Switzerland

by Theresa Joy Lacatan | Jul 29, 2024 | Blog News, Crypto News

On 26 July 2024, the Swiss Financial Market Supervisory Authority (FINMA) released its latest guidance, “FINMA Guidance 06/2024,” addressing the burgeoning field of stablecoins. As these digital assets gain prominence, FINMA’s guidelines underscore the legal,...

Donald Trump’s Future Crypto Vision: Making the U.S. the Global Crypto Capital

by Theresa Joy Lacatan | Jul 29, 2024 | Blog News, Crypto News

On July 27, 2024, former U.S. President Donald Trump delivered the keynote address at the Bitcoin 2024 conference in Nashville, Tennessee, sending ripples through the cryptocurrency community and igniting a wave of bullish sentiment. With a packed audience and...

Japan Prepares for Bitcoin ETFs with SBI and Franklin Templeton Partnership

by Theresa Joy Lacatan | Jul 27, 2024 | Blog News, Crypto News

As of 26 July 2024,  Japan is set to join the global trend of Bitcoin exchange-traded funds (ETFs) following the partnership between Japanese financial giant SBI Holdings and American investment powerhouse Franklin Templeton. According to a recent report by Nikkei...

SFC Alerts Public to Unlicensed Virtual Asset Trading Platform CoinUnited.io

by Theresa Joy Lacatan | Jul 27, 2024 | Blog News, Crypto News

On 25 July 2024, the Securities and Futures Commission (SFC) issued a stern warning to the public regarding an unlicensed virtual asset trading platform known as CoinUnited.io. The platform, which claims to provide trading services across a range of assets including...