Coinbase, the crypto exchange operator, was granted a key license in Singapore.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro
The news comes with Coinbase locked in a bitter dispute with regulators in the United States, its home market. The U.S. Securities and Exchange Commission“This license enshrines our commitment to the market and marks the end of our licensing journey,” said Hassan Ahmed, the country director of Coinbase Singapore, in an interview.
The company said it has tailored its products to meet local demands by rolling out simple account funding options — including PayNow and FAST bank transfers — as well as fee-free purchases of USDC, the stablecoin.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore SPAC Vertex Tech to buy streaming platform for up to $676 mlnSingapore's Vertex Technology Acquisition Corp (VTAC) will buy live streaming platform 17LIVE Inc for up to S$925.1 million (about $676 million), the special purpose acquisition company (SPAC) backed by state investor Temasek said on Monday.
Read more »
BIS and Central Banks Make Waves with Successful CBDC Test in Project MarianaBIS, France, Singapore, and Switzerland collaborate in Project Mariana, testing cross-border trading of wCBDCs.
Read more »
World War II veteran Grant Duncan to celebrate 100th birthday in LincolnshireA remarkable milestone is just around the corner for World War II veteran Grant Duncan, who lives in the Chicago area.
Read more »
Federal court temporarily blocks race-based grant programAfter a district court judge in Georgia refused to issue an injunction earlier this week, the U.S. Court of Appeals for the 11th Circuit granted the injunction in a 2-1 decision on Saturday.
Read more »
Federal court halts grant program for Black female entrepreneursIn issuing an injunction, the appellate panel sided with a conservative group that alleges the Fearless Fund’s program amounts to reverse discrimination.
Read more »