Features Today TheBitTimes.com

Su Zhu, co-founder of the bankrupt crypto hedge fund, Three Arrows Capital (3AC), has been detained by law enforcement in Singapore over a year after the hedge fund collapsed in 2022. Zhu, who was believed to be in Dubai at some point following the collapse of 3AC, was reportedly arrested at Singapore’s Changi airport. [DB] Three Arrows Co-Founder Zhu Apprehended in Singapore: Statement: Bloomberg — db (@tier10k) September 29, 2023 A Singapore court ordered Zhu’s imprisonment for four months. The same order was issued for Kyle Davies, Zhu’s co-founder, although his whereabouts remain unknown at press time. This is a developing story. Follow Us on Google News Source: https://thebittimes.com/breaking-3ac-s-su-zhu-reportedly-arrested-in-singapore-tbt64559.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Cryptocurrency News Post by: TheBitTimes.com

UK And Singapore Coming Together For Crypto As part of their collaboration, the nations are exploring their respective approaches to central bank digital currencies ( CBDC s), the digital counterpart of a country’s fiat currency. Recognizing the crucial need for a standard framework, they’re rallying support from international standard-setting bodies like the International Organization of Securities Commissions and the Financial Stability Board. advertisement This crypto alliance isn’t the only frontier on which the UK and Singapore are joining hands. They’ve also committed to maintaining dialogue and collaboration in fields such as sustainable finance, fintech, and innovation. The development of blended finance and addressing the needs of Asia’s energy transformation remains Singapore ’s major priorities. This goal is one of the projects included in the MAS’s Finance for Net Zero Action Plan (FiNZ Action Plan), which aim...