Singapore

Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns. In Singapore's circa-1820 Chinatown stands the red-and-gold Buddha Tooth Relic Temple, said to house one of Buddha's teeth.

Source: en.wikipedia.org

BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
September 28, 2023  |  CBDC

The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS...

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Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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Ripple Will Look Beyond US For Bulk of Its Workforce
Ripple Will Look Beyond US For Bulk of Its Workforce
September 14, 2023  |  Cryptocurrency

If you want to work for Ripple, your chances are better outside the U.S. In an interview with Bloomberg Television Wednesday (Sept. 13) at the Token2049 conference in...

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Binance CEO: FTX Collapse Made Singapore Cautious About Crypto
Binance CEO: FTX Collapse Made Singapore Cautious About Crypto
September 14, 2023  |  Cryptocurrency

The downfall of FTX changed Singapore’s attitude toward cryptocurrency, Binance CEO Changpeng Zhao said Thursday (Sept. 14). The island grew more reticent about the digital...

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Grab Shares Dip as Singapore Launches Review of Ride-Hailing Regulations
Grab Shares Dip as Singapore Launches Review of Ride-Hailing Regulations
September 13, 2023  |  Ridesharing

The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to...

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Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
August 23, 2023  |  Mobile Applications

Southeast Asian super app provider Grab remains optimistic on longer-term growth prospects, company executives said on a Wednesday (Aug. 23) second-quarter 2023 earnings call, highlighting how...

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Payoneer Singapore Acquires Payment License to Help Small Businesses Transact Globally
Payoneer Singapore Acquires Payment License to Help Small Businesses Transact Globally
August 15, 2023  |  Digital Payments

Payoneer Singapore has been granted a payment license from the Monetary Authority of Singapore (MAS), the city-state’s principal financial regulator. With the MAS license, the...

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B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
July 17, 2023  |  Commercial Payments

Thunes has secured $72 million in a Series C round of funding with support from a range of strategic investors. The Singapore-based B2B payment infrastructure...

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Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

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