Paxos has secured MAS approval to issue stablecoins in Singapore, partnering with DBS for cash management and reserve custody, while refocusing its business strategy and reducing its workforce by 20%.
ZeZhengIs Singapore's DBS An Ethereum Whale, and why should it matter?
WilfredThe bank currently holds three licenses for crypto, but has thus far refrained from rushing into the space
BrianDBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce ...
BitcoinistThe e-CNY payments are part of an extended trial of asset tokenization conducted by the Singapore Monetary Authority and several major banks. In a preliminary test, the exchange of tokenized Japanese yen with US dollars took place within a permissioned Aave pool.
Coinlive The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
CryptoSlateSignature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
CryptoSlateThe company did not say whether it plans to submit a bankruptcy filing.
CryptoSlateCoinlive 2022 has been a challenging one for the cryptocurrency market, which together saw a loss in value of over $1 trillion.
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