Singapore Banks Must Hold $125 for Each $100 of Bitcoin – CryptoSlate


Banks in Singapore must hold $125 of capital for every $100 of exposure to crypto-assets such as bitcoin because of their risk, according to a report by CryptoSlate, which noted a written response to Parliament by Senior Minister Tharman Shanmugaratnam said on November 28, who said banks in the island-nation had “insignificant” exposure to crypto.

Shanmugaratnam, the minister overseeing the Monetary Authority of Singapore, said the exposure level to crypto was “less than 0.05% of their total risk-weighted assets”, but the financial regulator required the highest risk weight under the Basel Committee on Banking Supervision framework (of 1250%) for crypto-assets, it said.

Read the full report: CryptoSlate.






Binance Insurance Fund 44% Backed by its Token – CryptoPotato


Binance CEO Calls for Clearer Rules to Stabilise ‘Crazy’ Sector


FTX Hit by ‘Rogue’ $515m Crypto Outflows After Collapse


Crypto Markets Shaken After Binance Abandons FTX Bailout



Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

Recent Posts

China to Build Antarctica Ground Stations for Ocean Satellites

The China Aerospace Science and Technology Group is to build the $6.53 million stations amid…

14 hours ago

China Battery Firm CATL Seen Eyeing $5bn Swiss Listing Boost

The global depositary receipts listing could even see CATL raise $8 billion if market conditions…

15 hours ago

Xpeng Secures Key Permit to Launch ‘Flying Car’ – TechCrunch

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng…

19 hours ago

Paris Club Seen Giving Sri Lanka Support for IMF Bailout

The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka,…

19 hours ago

China Needs Tech Self-Reliance to Avoid Being Strangled: Xi – SCMP

President Xi Jinping warned this week that China must speed up moves to become self-reliant…

19 hours ago

Honda to Start Making New Hydrogen Fuel Cell System With GM

With the "next-generation" system, Honda aims to bring costs down by two-thirds compared with its…

19 hours ago