Launch of a Singapore Crypto-Industry Group

Bitcoin businesses in Singapore now have a new group to promote their cause, with the formation of the Association of Crypto-Currency Enterprises and Start-ups, Singapore (ACCESS) on 30th May. ACCESS, which launched publicly just yesterday, represents various businesses within the Singapore bitcoin and other cryptocurrency ecosystem, including exchanges, merchant transaction services, vending machines and miners. As a condition of membership, members must abide by a Code of Conduct. Mission and objectives. The Association's Mission is "To facilitate legitimate use of cryptocurrencies in....

Singapore received its second official bitcoin ATM on 28th February when a Lamassu unit debuted at Citylink Mall. With a retail space of 60,000 square feet, the country's first underground mall is not the largest to host a bitcoin ATM. But, the venue is still in a high-profile location that connects City Hall with local transit and hotels, which should help ensure its visibility. Of the launch, Zann Kwan, executive director of Singapore-based Bitcoin Exchange Pte Ltd, the company operating the ATM, said she was "happy to bring this potentially groundbreaking technology to Asia and....

Revolut has launched a cryptocurrency service in Singapore. Many firms have depicted unwavering belief in the market despite the downturn. Singapore recently has been lacking clarity in terms of the restrictions that are supposed to be imposed in the crypto industry. Some companies have been severely affected during the bloodbath, however, some have continued to […]

Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on the heels of the establishment of a new network promoting blockchain to public servants. On Nov. 23 the Australia Border Force launched a blockchain trade trial in collaboration with Singapore Customs and Singapore....

Coinbase is now offering consumers in Singapore the ability to buy and sell bitcoin using Singapore dollars, a move that marks its formal introduction to the Asian market. The announcement follows on the heels of the news Coinbase would launch services in Canada following a partnership with bitcoin compliance firm Vogogo. Coinbase, which has raised more than $100m in four venture rounds, is now open to consumers in 28 countries globally. Coinbase suggested the announcement is reflective of what it called a welcoming environment for bitcoin in Singapore as well as the region's strong....