cryptocurrency
Global cryptocurrency market to growth by $34.5b in 2028
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
Hong Kong’s ZA Bank offers crypto trading services to retail users
Global crypto market capitalization has surged 90% to over US$2.3t.
Crypto platform Gemini clinches in-principle approval in Singapore
Gemini is one step closer to getting a major payment institution license.
Visa, dtcpay launch card enabling digital currency conversion
The card will be available for public registration in Q4 2024.
DBS unveils crypto options trading and structured notes for wealth clients
They may earn yield on fiat depending on the product’s structure and price movements.
Crypto ownership down to 26% despite resilience
However, 23% are likely to reenter the market.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
AMINA onboards clients for crypto financial services
Its initial product offering includes crypto ETPs, dual currency notes, and capital-protected notes.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
Weekly Global News Wrap: US regulators warn banks on liquidity risks from crypto deposits; Wells Fargo lays off hundreds of mortgage bankers
And Europe bank stocks could still rally higher, analysts said.
What’s in store for crypto’s future after the FTX debacle
Asian Banking & Finance spoke with industry experts and crypto leaders to learn how the exchange's bankruptcy affected the industry.
Weekly Global News Wrap: Grupo Mexico clinches $5b to buy Citi assets; Brazilian banks may set aside $890m for Americanas losses
And the UK lays out plans to regulate cryptocurrency.
FTX-tied assets of Singapore users not protected by MAS: statement
FTX is not licensed by MAS, operates offshore, and did not actively solicit Singaporeans, the central bank said.
Wong says SG had plans to tighten rules on crypto even before FTX bankruptcy
Singapore is open to digital innovation but not crypto speculation.
Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m
And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.
Tokenised assets, stable coins central to Singapore’s crypto hub ambitions
Collaboration is key to achieving finance goals, says MAS’ Ravi Menon.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
