Payment Services Act 2019

Merkle Science and BitDATA Exchange join forces to support Singapore's enterprise partnership program and marketing initiatives

Retrieved on: 
Tuesday, February 7, 2023
Crypto, Money, AML, Fiat, DPT, Monetary Authority of Singapore, MAS, Fraud, Compass, Payment Services Act 2019, Secure, Environment, Partnership, Cryptocurrency

SINGAPORE, Feb. 7, 2023 /PRNewswire/ -- BitDATA Exchange , a regulated Fiat-to-Crypto exchange platform headquartered in Singapore, has signed a Business Partnership Agreement with Merkle Science to enable both parties to mutually work as an APAC enterprise referral and to join efforts in the local marketing initiatives.

Key Points: 
  • SINGAPORE, Feb. 7, 2023 /PRNewswire/ -- BitDATA Exchange , a regulated Fiat-to-Crypto exchange platform headquartered in Singapore, has signed a Business Partnership Agreement with Merkle Science to enable both parties to mutually work as an APAC enterprise referral and to join efforts in the local marketing initiatives.
  • BitDATA Exchange's 'Regulated, Secure and Professional' approach has been at the core of its operation since its establishment in 2019.
  • "It's a pleasure to work with Merkle Science to fulfill our AML obligations under the PS Act, strengthening the framework for transaction screening and monitoring, " said Ken Wong, Founder and CEO of BitDATA Exchange.
  • BitDATA is also authorized to provide a platform that enables the exchange of DPTs under Singapore's Payment Services Act.

Enjin-backed Efinity (EFI) approved by Japan regulator

Retrieved on: 
Friday, February 3, 2023
Crypto, Enjin Coin, AXS, ASTR, Green List (2005), ENJ, CHZ, DOT, Non-fungible token, ETH, API, Japan–Taiwan Exchange Association, Astar, The Japan Times, Ecosystem, Payment Services Act 2019, BTC, CFA, Metaverse, EFI, Axie Infinity, Markets in Crypto-Assets, KLAY, NFT, Cryptocurrency, Bitcoin, Ether, Polka dot

SINGAPORE, Feb. 3, 2023 /PRNewswire/ -- The Efinity token (EFI) was approved by the Japan Virtual and Crypto-assets Exchange Association (JVCEA) last January 26, 2023, allowing Japanese crypto-asset providers to handle EFI.

Key Points: 
  • SINGAPORE, Feb. 3, 2023 /PRNewswire/ -- The Efinity token (EFI) was approved by the Japan Virtual and Crypto-assets Exchange Association (JVCEA) last January 26, 2023, allowing Japanese crypto-asset providers to handle EFI.
  • EFI joins the handful of approved metaverse/gaming tokens, with Enjin Coin (ENJ), The Sandbox (SAND), Axie Infinity (AXS), Chiliz (CHZ), and Klaytn (KLAY).
  • ENJ became the first approved metaverse/gaming token in 2021.
  • Japan was described as "well developed" and an "early mover" in crypto regulation in a January 2023 Japan Times article .

GROW Positions Itself as a Top CeFi Platform for Bitcoin

Retrieved on: 
Friday, October 7, 2022
Bitcoin, Risk management, Money, Monetary Authority of Singapore, GROW, Payment Services Act 2019, Payment Services Directive, Industry, Founder, CEO, Voyager, Celsius, Decentralized finance, Ministry of National Education (France), Cryptocurrency

GROW, a CeFi platform for lending and borrowing, is a firm that has been able to navigate through the summer unscathed and has quickly been growing its user base.

Key Points: 
  • GROW, a CeFi platform for lending and borrowing, is a firm that has been able to navigate through the summer unscathed and has quickly been growing its user base.
  • Moreover, GROW has always given users some of the highest reward rates in CeFi for Bitcoin.
  • Therefore, GROW underwent a name change from ICONFi to GROW, to better align with the more inclusive goal of making crypto simple, helping individuals grow crypto wealth and building a larger stronger community.
  • Singapore-based GROW offers top-notch reward rates so that clients can safely grow their wealth on a leading global platform for lending and borrowing crypto assets.

NextPlay Technologies' NextBank and Alphabit's ABCC Cryptocurrency Exchange Complete Collaboration, Expanding NextBank Regionally and Towards Banking for the Digital Community

Retrieved on: 
Thursday, August 25, 2022
Partnership, Science and technology in Asia, Technology, Advertising, Securities Exchange Act of 1934, Regulatory technology, Securities Act of 1933, Insurance, Artificial intelligence, Internet, Exercise, Solution, Risk, LinkedIn, SEC, Forward-looking statement, ABCC, Nasdaq, Company, Adtech (company), Payment Services Act 2019, News, Payment Services Directive, SUNRISE, Twitter, KYC, NextCard, Uncertainty, Borrowing base, Ecosystem, Annual report, Private Securities Litigation Reform Act, Growth, Cryptocurrency, Financial technology

Ltd. ("Alphabit"), formally launching the process of bringing deposit accounts and payment cards to members of Alphabit's ABCC cryptocurrency exchange ("ABCC").

Key Points: 
  • Ltd. ("Alphabit"), formally launching the process of bringing deposit accounts and payment cards to members of Alphabit's ABCC cryptocurrency exchange ("ABCC").
  • We intend to continue that improvement by seeking regulatory approval to add insurance products and block chained assets to our banking services.
  • We are very thankful to Calvin and his excellent team for offering us a chance to grow with ABCC."
  • ABCC is a leading crypto exchange that is exploring the future development of cryptocurrency projects for global users.

NextPlay Technologies’ NextBank and Alphabit’s ABCC Cryptocurrency Exchange Complete Collaboration, Expanding NextBank Regionally and Towards Banking for the Digital Community

Retrieved on: 
Thursday, August 25, 2022
Partnership, Science and technology in Asia, Technology, Advertising, Securities Exchange Act of 1934, Regulatory technology, Securities Act of 1933, Insurance, Artificial intelligence, Internet, Exercise, Solution, LinkedIn, SEC, Forward-looking statement, ABCC, GLOBE, Nasdaq, Company, Payment Services Act 2019, Adtech (company), News, Payment Services Directive, SUNRISE, Twitter, KYC, NextCard, Uncertainty, Borrowing base, Ecosystem, Annual report, Private Securities Litigation Reform Act, Growth, Cryptocurrency, Financial technology

Ltd. (Alphabit), formally launching the process of bringing deposit accounts and payment cards to members of Alphabits ABCC cryptocurrency exchange (ABCC).

Key Points: 
  • Ltd. (Alphabit), formally launching the process of bringing deposit accounts and payment cards to members of Alphabits ABCC cryptocurrency exchange (ABCC).
  • We intend to continue that improvement by seeking regulatory approval to add insurance products and block chained assets to our banking services.
  • We are very thankful to Calvin and his excellent team for offering us a chance to grow with ABCC.
  • ABCC is a leading crypto exchange that is exploring the future development of cryptocurrency projects for global users.

Digital Treasures Center Secures MPI Licence to Provide Digital Payment Token and Other Payment Services in Singapore

Retrieved on: 
Monday, August 1, 2022
Transfer, MAS, DTC, Payment Services Act 2019, Government, PSA, F&B, ASEAN, Certification, Monetary Authority of Singapore, Car, Money, Music, DPT, Fiat, PCI, Singapore FinTech Festival, MPI, Security (finance), Online shopping, Bank, Cryptocurrency

Singapore, Aug 1, 2022 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence.

Key Points: 
  • Singapore, Aug 1, 2022 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence.
  • Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider (MAS licence number: PS20200531) of Digital Payment Token (DPT) and other payment services under the Payment Services Act (PSA).
  • Effect 1 August 2022, DTC will be providing the following payment activities under the MPI licence:
    1.
  • Digital Treasures Center Pte Ltd ("DTC") is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival.

Hodlnaut Launches a New Asset - PAX Gold (PAXG) on its Platform

Retrieved on: 
Tuesday, July 12, 2022
Bitcoin, Payment Services Act 2019, Accreditation, PS, Money, CEO, MAS, Ownership, Entrepreneurship, Financial technology, Gold, Public interest accounting, IPA, Association, Monetary Authority of Singapore, Cryptocurrency, Taxicab

SINGAPORE, July 12, 2022 /PRNewswire/ -- Singapore-based crypto lending and borrowing firm Hodlnaut has just announced the launch of a new asset, PAX Gold, otherwise known as PAXG.

Key Points: 
  • "PAX Gold is a cryptocurrency that offers the benefits of physical gold ownership but with the speed and liquidity of a digital asset.
  • For a limited time, Hodlnaut will be running a promotion to celebrate the launch of PAXG.
  • With this latest introduction of PAX Gold and plans to launch new products in the upcoming months, Hodlnaut stays committed to building the business and toughing out the bear market.
  • Founded in April 2019 by Bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut has grown tremendously over the years.

Hodlnaut Launches a New Asset - PAX Gold (PAXG) on its Platform

Retrieved on: 
Tuesday, July 12, 2022
Bitcoin, Payment Services Act 2019, Accreditation, PS, Money, CEO, MAS, Ownership, Entrepreneurship, Financial technology, Gold, Public interest accounting, IPA, Association, Monetary Authority of Singapore, Cryptocurrency, Taxicab

SINGAPORE, July 12, 2022 /PRNewswire/ -- Singapore-based crypto lending and borrowing firm Hodlnaut has just announced the launch of a new asset, PAX Gold, otherwise known as PAXG.

Key Points: 
  • "PAX Gold is a cryptocurrency that offers the benefits of physical gold ownership but with the speed and liquidity of a digital asset.
  • For a limited time, Hodlnaut will be running a promotion to celebrate the launch of PAXG.
  • With this latest introduction of PAX Gold and plans to launch new products in the upcoming months, Hodlnaut stays committed to building the business and toughing out the bear market.
  • Founded in April 2019 by Bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut has grown tremendously over the years.

Hodlnaut Announces Support of Binance Smart Chain

Retrieved on: 
Tuesday, June 28, 2022
CEO, DAPP, Financial technology, Association, IPA, USDC, MAS, Money, Accreditation, Payment Services Act 2019, PS, Monetary Authority of Singapore, Running, Cryptocurrency, Binance

SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform. Previously, users could only deposit USDC through the ERC-20 network. 

Key Points: 
  • SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform.
  • "We're pleased to announce the integration of Binance Smart Chain at Hodlnaut.
  • The Binance Smart Chain was created as an extension of the original Binance Chain.
  • With dual chain architecture, both chains are complementary Binance Smart Chain provides decentralized applications (dApps) with a cheaper and more efficient network.

Hodlnaut Announces Support of Binance Smart Chain

Retrieved on: 
Tuesday, June 28, 2022
CEO, DAPP, Financial technology, Association, IPA, USDC, MAS, Money, Accreditation, Payment Services Act 2019, PS, Monetary Authority of Singapore, Running, Cryptocurrency, Binance

SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform. Previously, users could only deposit USDC through the ERC-20 network. 

Key Points: 
  • SINGAPORE, June 28, 2022 /PRNewswire/ -- Hodlnaut, a cryptocurrency interest-earning platform based in Singapore, announced the support of the Binance Smart Chain for USDC deposits on their platform.
  • "We're pleased to announce the integration of Binance Smart Chain at Hodlnaut.
  • The Binance Smart Chain was created as an extension of the original Binance Chain.
  • With dual chain architecture, both chains are complementary Binance Smart Chain provides decentralized applications (dApps) with a cheaper and more efficient network.