singapore
Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants. DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology in the country. DBS Bank uses smart contracts to disburse government grantsDuring the pilot, the SFA disbursed government grants to 27 members. DBS said that its pilot showed how blockchain-based programmable grants ...
Cointelegraph
Australia has granted environmental approval for the $19 billion Australia-Asia Power Link, a massive solar power project aimed at exporting electricity to Singapore. The project, developed by SunCable, is expected to generate 6GW of renewable energy, with one-third of this energy transmitted to Singapore via an undersea cable. Once completed in the early 2030s, the project will supply up to 15% of Singapore’s energy needs, marking a significant step towards the region’s energy security and sustainability. Australia-Asia Power Link to create over 14,000 green energy jobsThe Australia-Asia Powe...
Invezz
The rapid expansion of ultra-high-net-worth individuals (UHNWIs) in Asia is set to redefine the global wealth landscape. With an expected 35 new UHNWIs emerging daily, the region is poised to see its total number of ultra-wealthy individuals grow to approximately 230,000 by 2027—nearly 40% larger than in 2023. This dramatic increase will position Asia as the second-largest concentration of UHNWIs, trailing only North America. However, at the current rate of growth, it may not be long before Asia takes the top spot. Competition heats up between Hong Kong and SingaporeAs Asia’s wealth expands, s...
Invezz
TOKEN2049, the world’s largest crypto event, announced its first batch of headline speakers and prominent title sponsorsahead of its eagerly anticipated return to Singapore. TOKEN2049 will take place from 18-19 September 2024 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2024 race weekend. Set to welcome 20,000 attendees from over 150 countries, TOKEN2049 will return to Singapore once more, converging industry leaders and global cultural icons alike in Asia’s leading economic hub to share what’s ahead for the zeitgeist. Following its record-breaking success in 2023, this yea...
Invezz
La empresa californiana de custodia de criptomonedas BitGo está ampliando sus operaciones globales al obtener la aprobación regulatoria en Singapur, uno de los países más favorables a las criptomonedas del mundo. BitGo ha obtenido la Licencia de Institución de Pago Principal (MPI) de la Autoridad Monetaria de Singapur (MAS), según anunció oficialmente la empresa el 7 de agosto. La licencia MPI permite a las empresas ofrecer una amplia gama de servicios de pago, como servicios de tokens de pago digitales, sin estar sujetas a los límites de transacción impuestos a las entidades más pequeñas. Seg...
Cointelegraph ES
California-based cryptocurrency custody firm BitGo is expanding its global operations by obtaining regulatory approval in Singapore, one of the world's most crypto-friendly countries. BitGo has obtained the Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS), the firm officially announced on Aug. 7. The MPI license allows companies to provide a wide range of payment services, such as digital payment token services, without being subject to transaction limits imposed on smaller entities. According to data from the MAS, BitGo is now one of 27 MPI-licensed firms...
Cointelegraph
In a bid to streamline and expedite the immigration process, Singapore has launched a groundbreaking trial allowing certain passengers to clear immigration at Changi Airport without using traditional passports. This initiative leverages biometric data—such as facial and eye recognition—to simplify border control, marking a significant step in Singapore’s broader effort to modernize its airport operations. Cut immigration wait time by 40%Starting Monday, Singapore residents arriving at Changi Airport’s Terminal 3 can bypass conventional passport checks through a new “token-less clearance” syste...
Invezz
Singapore has been recrowned as the country with the world’s most powerful passport in 2024. Its nationals are now able to visit a record 195 countries visa-free, making them the world’s most privileged travellers according to the latest Henley Passport Index. The city-state moves ahead of a pack of countries that were sharing the top spot at the start of the year; France, Germany, Italy, Japan, and Spain have all dropped to second place, each with access to 192 countries sans visa. “The general trend over the past two decades has been towards greater travel freedom, with the global average nu...
Euronews (English)
Washington (AFP) - US Secretary of State Antony Blinken on Thursday headed to Asia for a trip focused on reinforcing ties with Washington's strategic allies in a region where the United States is facing an increasingly assertive China. The trip, Blinken's 18th to Asia since taking office more than three years ago, comes at a time of political upheaval at home, following Joe Biden's withdrawal from the White House race. The veteran Democrat has made Washington's alliances in Asia a top foreign policy priority, with the aim of "advancing a free and open" Indo-Pacific -- a veiled way of criticizi...
AFP
The EU today (25 July) concluded negotiations with Singapore on a new Digital Trade Agreement designed to increase online trade, help SMEs with digital transformation and facilitate data flows. The deal was announced following talks in Brussels by Trade Commissioner Valdis Dombrovskis and Singapore’s Minister for Trade Relations Grace Fu and complements the EU-Singapore Free Trade Agreement which came into effect in 2019. Following five rounds of negotiations between Brussels and Singapore, both parties have agreed to implement various measures to enhance cooperation in digital trade; the agre...
Euronews (English)
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