![Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON](https://static.news.bitcoin.com/wp-content/uploads/2024/06/7-4-news-bytes-768x432.png)
Deutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest stablecoin, Tether.
Update May 14, 12:35 UTC: This article has been updated to include quotes from Interop Labs CEO Sergey Gorbunov
Deutsche Bank, a German multinational investment bank, is collaborating with Singapore's central bank on asset tokenization.
Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian, which focuses on asset tokenization in wholesale funding markets and decentralized finance (DeFi) applications.
Worldcoin (WLD) has announced its launch in Singapore a week after pausing operations in three other nations. In a new company blog post, Worldcoin – founded by OpenAI CEO Sam Altman – says that its launch in Singapore will cap off a landmark year for the identity verification protocol. “Individuals in Singapore can now verify […]
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Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.
Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported.
Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. 3AC’s joint liquidator, Teneo, said at the time that Zhu was planning to assist on matters related to 3AC, and to help recover assets from the defunct firm.
According to Bloomberg's Dec. 13 report, Zhu faced his first interrogation in Singapore this week, responding to Teneo lawyers in a two-day court hearing. Citing people familiar with the matter, Bloomberg said lawyers sought details about how the fund failed, and the whereabouts of assets. According to Bloomberg’s sources, Zhu is set to be released this month based on standard provisions for good behavior.
Singapore released an updated version of its national AI strategy that includes plans for boosting government competency, building a smart nation and increasing compute capacity.
The Singaporean government released its updated national strategy for artificial intelligence (AI) 2.0 on Dec.
Singapore structured its AI strategy into three distinct systems, consisting of ten “enablers,” which drive those systems and then 15 action steps to make the system work.
The updated plan's systematic approach focuses on three main areas of its society, including what it calls “activity drivers,” “people and communities,” and “infrastructure and environment.”
Among the action steps is Singapore’s plan to develop new AI “Centers of Excellence” (CoEs) across companies operating in the country to foster “sophisticated AI value creation and usage in key sectors.”
The updated AI plan also has benchmarks of equipping governmental agencies with “specialized knowledge, technical capabilities, and regulatory tools” and "sharpening” AI proficiency in all Singaporean public officers.
According to the vision, Singapore plans to use its government capacity to create resources to support AI adoption in the public sector.
Additionally, it said it plans to boost its quantity of “AI practitioners” or local experts to 15,000 through scaling up AI-specific training programs and technology and AI talent pipelines, and that it “remains open” to global talent.
The report said that various tech training programs centered around AI development have placed over 2,700 individuals in “good jobs” to date.