Fintech News

MARCH 12, 2024

The Singapore subsidiary of cryptocurrency exchange and Web3 technology firm, OKX, known as OKX SG Pte. has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS).

Cross-Border

Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

Service Provider

Fintech News

APRIL 7, 2024

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). located in Singapore, to provide digital payment token services. This license allows its subsidiary, GSR Markets Pte.

Treasury Management

Fintech News

JANUARY 9, 2024

This development follows a survey by SBI DAH and AsiaNext, which found that institutional interest in digital assets has grown despite the recent downturn in the cryptocurrency market. The Singapore-based joint venture was formed between SBI Digital Asset Holdings (SBI DAH) and SIX.

Risk Management

Fintech News

JULY 3, 2024

Singapore, long known for its financial prowess and technological innovation, has emerged as an unexpected leader in cryptocurrency adoption. From the bustling streets of Marina Bay to the fintech hubs in the Central Business District, cryptocurrency has woven itself into the fabric of Singaporean life.

Financial Literacy

PYMNTS

JANUARY 29, 2020

The singer said the town is going to be powered by his cryptocurrency Akoin, which he said will allow for 54 African countries to get access to credit, as well as government services. Akon said the city will be a “real life Wakanda.”.

Blockchain

Finovate

AUGUST 9, 2024

” BSP’s announcement contrasts with a recent decision by the Hong Kong Monetary Authority, which has suspended its issuance of new digital banking licenses. Latin America and the Caribbean Uruguay-based cross-border payments platform dLocal forged a strategic partnership with cross-border payments company iTransfer.

Electronic Funds Transfer (EFT)

The Fintech Times

MARCH 13, 2025

The Dubai Financial Services Authority (DFSA) has granted Ripple , the enterprise blockchain and crypto solution provider, approval to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC).

Cross-Border

The Fintech Times

OCTOBER 10, 2024

In a significant development for the United Arab Emirates’ burgeoning virtual asset market, OKX , a global on-chain technology company, has launched a licensed cryptocurrency exchange for both retail and institutional investors in the UAE.

Cryptocurrency

The Fintech Times

JULY 19, 2024

Especially as, according to research from triple-a.io, the crypto payments institution, there are over 44 million crypto users in the region. Known for its forward-thinking and comprehensive regulatory approach to blockchain and cryptocurrency, Malta is an ideal base from which OKX can offer its services to EU customers.

Regulations

Fintech Review

OCTOBER 7, 2024

This trusted and secure stablecoin offers users a reliable solution for global cross-border payments, making it a pivotal tool for the future of digital transactions. About StraitsX StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia.

Cross-Border Payments

PYMNTS

JANUARY 26, 2017

G2 found that, in response, cybercriminals have shifted their illicit transactions to alternative payments systems, new entrants and cryptocurrency. Fraudsters’ relentless search for vulnerabilities in these systems has spawned a new threat G2 calls “payment laundering.”. One such method is what Frechtling called a “redirect.”

Transactions

The Fintech Times

APRIL 5, 2024

The company and its subsidiaries collectively hold a New York BitLicense , nearly 40 money transmitter licenses across the US, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins

Finovate

OCTOBER 18, 2024

Asia-Pacific Singapore-based finance platform for businesses, Aspire, secured in-principal approval for the Major Payment Institution license from the Monetary Authority of Singapore (MAS). Nigerian cryptocurrency exchange Yellow Card secured $33 million in Series C funding. million (€2.3 million) to fuel expansion.

Cross-Border Payments

The Fintech Times

JANUARY 27, 2025

Expanding global footprint Ripple and its subsidiaries hold a variety of global licences, including a NY BitLicense, a NY Limited Purpose Trust Company Charter, and over 55 Money Transmitter Licences that cover its payments, custody, and stablecoin business.

Cross-Border Payments