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SBI Acquires Singaporean Crypto Exchange Coinhako After MAS Approval

Japanese financial services group SBI Holdings has acquired a majority stake in Singapore-based crypto exchange Coinhako after receiving regulatory approval from Singapore's central bank.

Why it matters

The acquisition is significant as it marks SBI's expansion into stablecoins, onchain finance, and tokenized assets in the Singaporean market.

cointelegraph.com
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Singapore

Singapore cancels work permits of 2 Bangladeshis over extremist posts on social media

The Internal Security Department (ISD) investigated the men, finding that while they had no plans for terrorist attacks in Singapore, their extremist and divisive views were deemed harmful to the nation's multi-racial and multi-religious society. Both men were detained upon arrival in Bangladesh.

channelnewsasia.com
Singapore

Chief Justice Sundaresh Menon to retire after more than 14 years of service

Singapore's Prime Minister's Office announced that Chief Justice Sundaresh Menon will step down in 2027, marking the end of a transformative tenure. Justice Sushil Sukumaran Nair, a highly experienced legal professional, will take over as the fifth Chief Justice, continuing the judiciary's commitment to excellence and modernization.

channelnewsasia.com
Startups

Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’

AMI Labs' CEO Alexandre LeBrun rejects the terms 'AGI' and 'superintelligence', instead focusing on the potential of world models to understand the physical world and their applications in robotics and healthcare. He emphasizes the need for real-world experience and partnerships to develop these models.

techcrunch.com

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