Episode Details

16th Nov: Crypto & Coffee at 8 🌍
🔴 Paxos to issue USD stablecoin in Singapore 🟠 South Korea’s pension fund 🟢 Coinbase shares 🟤 Binance to launch in Thailand 🟣Philippines to sell $179M in tokenized treasury bonds ⚫ Turkey new crypto regulations

🔴 Singapore: Paxos has announced that it has obtained preliminary approval from the Monetary Authority of Singapore (MAS) for its upcoming entity, Paxos Digital Singapore Pte. Ltd. This newly established firm is now authorized to provide digital payment token services and intends to launch USD stablecoin in accordance with the proposed stablecoin regulations set forth by MAS. https://lnkd.in/eKzyuJuZ Upon receiving full approval, Paxos said it will be able to partner with enterprise clients to issue the stablecoin in Singapore.

🔴 South Korea: In the third quarter of 2023, the KOREA NATIONAL PENSION SERVICE (NPS), a prominent public pension fund in South Korea and among the largest globally, purchased slightly over 280,000 shares of the renowned
cryptocurrency exchange Coinbase. Since the acquisition, this investment has appreciated by 39%, as disclosed in a stock holdings report submitted to the U.S. Securities and Exchange Commission (SEC) official info via filings here https://lnkd.in/eWw2wR84

🔴 Thailand: Binance is set to launch a cryptocurrency exchange in Thailand in early 2024 through a joint venture with Gulf Energy Development Public Company Limited, a local energy giant. According to a filing with The Stock Exchange of Thailand on November 15, Gulf Binance will commence operations through invitation only, with plans for a public rollout by early 2024. The venture secured approval from the Thai Securities and Exchange Commission (SEC) on Nov 10. Info here https://lnkd.in/ea4sBWgz

🔴 Philippines to sell $179M in tokenized treasury bonds for the first time The Philippines Bureau of the Treasury is opting for innovation by offering 10 billion pesos ($179 million) in tokenized one-year treasury bonds, in lieu of the initially planned traditional auction on November 20. These bonds, available to institutional buyers, come with a minimum denomination of 10 million pesos and increments of 1 million pesos. The state-owned Development Bank of the Philippines and the Land Bank of the Philippines (Official) will issue the bonds, with a maturity date set for November 2024. The final interest rate will be disclosed on the issuance date.

🔴 Turkey is contemplating regulatory measures for its cryptocurrency market, with a specific emphasis on licensing and taxation. The objective is to facilitate the country’s removal from the “grey list” of the

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