Jan 2023 Crypto Industry Updates

Table of Contents

Content will be sorted chronologically with latest at the bottom.

  • BAS opposes the proposed Singapore ban on crypto lending [6 Jan 2022]
    • The Blockchain Association of Singapore (BAS) has voiced opposition to a proposed ban on crypto firms lending tokens.
    • An 11-page feedback document sent to the Monetary Authority of Singapore BAS argued that a ban could push local users toward unregulated offshore firms
  • Crypto lender Genesis files for bankruptcy protection [20 Jan 2022]
    • Genesis is a part of Barry Silbert’s Digital Currency Group
    • filed for Chapter 11 bankruptcy protection in New York
    • some 340,000 Gemini Earn customers are now Genesis creditors.
    • Genesis owes more than $3.4 billion to its top 500 creditors

Started investing in crypto towards the end of 2020.