# Bitcoin Suisse to enable Lightning Network payments

# Bitcoin Suisse to enable Lightning Network payments

“# Bitcoin Suisse to enable Lightning Network payments ” Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions both cheaper and faster. It will be the first cryptocurrency payment processor in Switzerland to integrate the technology, according to a press release dated Nov. 10 Armin Schmid, head of Bitcoin Suisse Pay, praised the decision,…

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# Huobi to halt services in Singapore after China exit

# Huobi to halt services in Singapore after China exit

“# Huobi to halt services in Singapore after China exit ” Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China. Huobi will have shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late…

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# Retail-focused Singaporean CBDC to hedge against privately issued stablecoins

# Retail-focused Singaporean CBDC to hedge against privately issued stablecoins

“# Retail-focused Singaporean CBDC to hedge against privately issued stablecoins ” The Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative.  According to MAS managing director Ravi Menon, Singapore’s retail CBDC will be developed in a partnership…

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# DBS Bank joins Hedera blockchain’s governing council

# DBS Bank joins Hedera blockchain’s governing council

“# DBS Bank joins Hedera blockchain’s governing council ” The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization. DBS Bank, a member of the advisory council on fintech, has joined the blockchain council alongside 39 other…

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# Asian CBDC projects: What are they doing now?

# Asian CBDC projects: What are they doing now?

“# Asian CBDC projects: What are they doing now? ” The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given…

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