Following FTX’s fallout, Singapore’s Deputy Prime Minister said the nation had no aim of becoming a crypto hub but rather a responsible digital asset player.

Singapore Dec. 2, 2022 – FNCY, the Web3 entertainment platform presented by Metaverse World, a blockchain subsidiary of Netmarble F&C, launches its own mainnet today and they are one step closer to bring the Web3 world where people can enjoy complete access to all forms of entertainment such as games, web-toons, web-novels, K-Pop, metaverse and more to come.

The High Court of the Republic of Singapore has ordered Three Arrows Capital and its co-founders to submit affidavits outlining their dealings with the company.

Lawrence Wong – Deputy Prime Minister of Singapore – said major local financial institutions have “insignificant” exposure to cryptocurrencies and digital asset companies.

The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.”

Temasek’s investment in collapsed cryptocurrency exchange FTX will be discussed at the next Parliament sitting, which starts on Monday (Nov 28).

The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and agreed on further cooperation in these areas.

If successful, the new funding would value the Singapore-based company at $1.5 billion, an increase from the valuation of over $1 billion <a href="https://decrypt.co/77434/matrixport-joins-growing-list-of-crypto-unicorns-after-100m-investment" target="_blank">achieved</a> during its Series C funding round in August 2021.

Law enforcement agents in Singapore have reportedly opened an investigation against the troubled crypto lender Hodlnaut.&nbsp;

Singapore-based DBS bank, the largest lender in Southeast Asia, has said it is the first bank in Asia to complete an intraday repurchase transaction on a blockchain-based network.&nbsp;