Singapore Exchange Expects Japan to Foster Bitcoin Economy
Pan-Asian Bitcoin Exchange Quoine recently presented its opinion on the true potential of Bitcoin in a post-Mt Gox Japanese market. In a statement given to the Japan Times, the Singapore firm's CEO Mario Gomez Lozada counted a number of improvements that has been made by them to bring people's confidence back into Bitcoin trading. In his view, the older Bitcoin exchanges, such as Mt. Gox, did not possess adequate knowledge to operate online financial services, a factor that led to its ultimate demise. Quoine, on the other hand, followed a testified banking method to operate a newer Bitcoin....
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The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform.”
Changes Affecting Coinbase Customers in Canada, Japan, Singapore
The Nasdaq-listed cryptocurrency exchange Coinbase announced this week:
Starting on April 1, 2022, Coinbase will introduce a few changes for customers in Canada, Singapore, and Japan to comply....
Singapore-based bitcoin exchange Quoine has raised $20 million from venture capitalists, building on a $2 million angel investment in December of 2014, according to dealstreetasia.com. The exchange will move its headquarters to Tokyo, while keeping its Singapore office. Corporate Bitcoin Investment Rises. Expanding investment by corporations in bitcoin marks a continuation of a 2015 trend. Data from CB Insights cited by dealstreetasia indicated that the top five largest bitcoin and blockchain investments have totaled $131 million in 2016 to date, of which only $4 million did not come from....
A Singapore company is planning to install the island's first bitcoin ATM by April. The firm, Bitcoin Exchange, has purchased a Lamassu unit that it expects will arrive mid-March. It plans to install more ATMs if the first unit is well received. Zann Kwan, one of the company's directors, said: "The good thing is that the Singapore government has left bitcoin alone. It's treated like silver or gold, and if you want to [deal in it] it's at your own risk. The ATM will create a lot more interest in bitcoin." According to Kwan, the machine's location hasn't been decided just yet. The company is....
Japanese cryptocurrency exchange Zaif continues to make media headlines in quick succession as of late. The company announced on July 3rd how they had added the XEM cryptocurrency to their trading platform. Keeping in mind how XEM has seen a spectacular value increase over the past few months, this is not entirely surprising. It is not uncommon for cryptocurrency exchanges to add new coins to their platform. The addition of XEM to Zaif is quite noteworthy, though, considering how the New Economy Movement concept has a huge following in Japan. In fact, Japan is the driving power behind the....
The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has now entered a FinTech partnership with its Japanese counterpart, the Financial Services Agency (FSA). The move sees the two countries to establish a FinTech cooperation framework. Announced yesterday, the financial regulators from the two major Asian economic hubs have fundamentally reduced the barriers for entry of FinTech companies in their countries enter each other’s markets. “Technology and innovation remain key enablers of financial sector growth in Singapore and Japan,” stated MAS....