Page 36 - Payment Services Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

OxPay and Pi Pay Plc. (

OxPay Partners with Pi Pay to Explore International Payments Alliance | 2022-09-06 10:10:00

The Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) was ordered into liquidation in late June after losing more than $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time. The collapse may have shaken Singapore’s burgeoning cryptocurrency sector, but lawyers say that tighter scrutiny of the industry from the city-state’s authorities will ensure its sustainable growth.

Singapore is one of the hottest countries in the region for fintech. Lynette Koh is a director at Helmsman, a multi-disciplinary law firm that has been expanding its offering beyond shipping and commodities to areas like corporate, banking and finance, dispute resolution and employment. She talks about some of the regulations companies in the fintech space need to keep in mind, and how this area is expected to develop in the near future.

The term “metaverse” first appeared in Neal Stephenson’s dystopian novel Snow Crash in 1992. Two decades later, the metaverse has evolved from a concept in print into an interactive and...