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Crypto exchanges eye Dubai, HK as Singapore clampdown prompts exodus
Crypto exchanges eye Dubai, HK as Singapore clampdown prompts exodus

Gulf Today

time06-07-2025

  • Business
  • Gulf Today

Crypto exchanges eye Dubai, HK as Singapore clampdown prompts exodus

Major digital-asset exchanges are considering moves to Dubai and Hong Kong after Singapore introduced stringent new rules on overseas crypto activity, according to an executive based in the UAE's International Free Zone Authority (IFZA). Last month the Monetary Authority of Singapore ordered any crypto-services provider incorporated in the city-state and serving foreign clients to obtain a Digital-Token Service Provider licence by June 30, 2025 or cease those activities. Non-compliance could incur fines of up to SGD 250,000 (Dhs 734,500) and three years' imprisonment, with no grace period or 'small-player' exemption. 'This is effectively a moratorium on fresh licences, hence the migration -- or crypto exodus,' said Vikram R Singh, founder and chief executive of blockchain consultancy Antier, which recently expanded its operations in IFZA Dubai. While Singapore 'tightens the screws', Singh noted that the UAE has spent three years building a dedicated rule-book for digital assets. Consultancy Sumsub estimates the country attracted US$30 billion in crypto investment during 2024, a regional record. Individual investors in the UAE pay no income or capital-gains tax on crypto profits, and companies in free zones can often reduce the new 9% federal corporate tax to near zero if most business is conducted outside the Emirates. Regulation is flexible too. Federal bodies supervise mainland activity, but free-zone regulators in Dubai, the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) run their own crypto frameworks, allowing founders to 'pick the regulator that fits the business model', Singh added. Dubai's credentials were underscored in April when TOKEN2049 drew about 15,000 delegates from 4,000 companies -- the world's largest crypto gathering. Local capital is also flowing: Emirates NBD's Liv digital bank and Abu Dhabi's MGX fund are backing plans for a 30-storey 'Crypto Tower' in the Dubai Multi Commodities Centre. The Dubai Financial Services Authority has recently issued guidance on tokenised securities and real-world assets, paving the way for wider institutional adoption. Antier says it is already working with UAE partners to build tokenised-asset marketplaces aligned with the emirate's digital-asset strategy. 'Dubai's proactive stance perfectly matches our real-world-asset tokenisation and digital-asset trading infrastructure,' Singh said. 'As tokenisation reshapes global finance, we intend to provide the bridge between traditional markets and Web3.' With Singapore's stricter rules now in force, observers expect licence-seeking crypto firms to relocate to Dubai, reinforcing the emirate's ambition to become a leading global hub for digital assets.

Crypto exchanges eye Dubai, HK as  Singapore clampdown prompts exodus
Crypto exchanges eye Dubai, HK as  Singapore clampdown prompts exodus

Gulf Today

time06-07-2025

  • Business
  • Gulf Today

Crypto exchanges eye Dubai, HK as Singapore clampdown prompts exodus

Major digital-asset exchanges, including Bitget and Bybit, are considering moves to Dubai and Hong Kong after Singapore introduced stringent new rules on overseas crypto activity, according to an executive based in the UAE's International Free Zone Authority (IFZA). Last month the Monetary Authority of Singapore ordered any crypto-services provider incorporated in the city-state and serving foreign clients to obtain a Digital-Token Service Provider licence by June 30, 2025 or cease those activities. Non-compliance could incur fines of up to SGD 250,000 (Dhs734,500) and three years' imprisonment, with no grace period or 'small-player' exemption. 'This is effectively a moratorium on fresh licences, hence the migration -- or crypto exodus,' said Vikram R Singh, founder and chief executive of blockchain consultancy Antier, which recently expanded its operations in IFZA Dubai. While Singapore 'tightens the screws', Mr Singh noted that the UAE has spent three years building a dedicated rule-book for digital assets. Consultancy Sumsub estimates the country attracted $30 billion in crypto investment during 2024, a regional record. Individual investors in the UAE pay no income or capital-gains tax on crypto profits, and companies in free zones can often reduce the new 9% federal corporate tax to near zero if most business is conducted outside the Emirates. Regulation is flexible too. Federal bodies supervise mainland activity, but free-zone regulators in Dubai, the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) run their own crypto frameworks, allowing founders to 'pick the regulator that fits the business model', Mr Singh added. Dubai's credentials were underscored in April when TOKEN2049 drew about 15,000 delegates from 4,000 companies -- the world's largest crypto gathering. Local capital is also flowing: Emirates NBD's Liv digital bank and Abu Dhabi's MGX fund are backing plans for a 30-storey 'Crypto Tower' in the Dubai Multi Commodities Centre. The Dubai Financial Services Authority has recently issued guidance on tokenised securities and real-world assets, paving the way for wider institutional adoption. Antier says it is already working with UAE partners to build tokenised-asset marketplaces aligned with the emirate's digital-asset strategy. 'Dubai's proactive stance perfectly matches our real-world-asset tokenisation and digital-asset trading infrastructure,' Mr Singh said. 'As tokenisation reshapes global finance, we intend to provide the bridge between traditional markets and Web3.' With Singapore's stricter rules now in force, observers expect licence-seeking crypto firms to relocate to Dubai, reinforcing the emirate's ambition to become a leading global hub for digital assets. Related image link Vikram R Singh, chief executive of blockchain consultancy Antier Solutions

Antier Brings First-Ever 'Stablecoin Remittance-as-a-Service (RaaS)' Into Blockchain Neo-Banking Apps
Antier Brings First-Ever 'Stablecoin Remittance-as-a-Service (RaaS)' Into Blockchain Neo-Banking Apps

Yahoo

time23-06-2025

  • Business
  • Yahoo

Antier Brings First-Ever 'Stablecoin Remittance-as-a-Service (RaaS)' Into Blockchain Neo-Banking Apps

NEW DELHI, June 23, 2025 /PRNewswire/ -- Antier, a worldwide recognized pioneer in Web3 financial infrastructure, announces the debut of the world's first Stablecoin Remittance-as-a-Service (RaaS) natively integrated into its Crypto Neo-Banking Solutions. This breakthrough redefines cross-border payments by embedding real-time, on-chain settlement capabilities into institutional-grade digital banking—replacing legacy SWIFT-based rails with high-speed, programmable money movement. Antier's blockchain neo-banking platforms with Stablecoin Remittance-as-a-Service (RaaS) eliminate these frictions by enabling USD- and EUR-pegged stablecoin corridors, programmatically converting fiat to on-chain value and back, reducing costs by up to 80%, and delivering settlement finality in under 60 seconds. Antier Delivers Outstanding Stablecoin-Driven Remittance Neo Banking App Antier unveils a next-generation stablecoin remittance framework, embedded directly into its Blockchain Neo Banking stack—bridging the efficiency of on-chain value transfer with the compliance and trust layers of traditional finance. As the first Web3-native remittance-as-a-service (RaaS) offering within a digital banking suite, Antier empowers fintechs, banks, and global enterprises to move capital across borders with unmatched speed, transparency, and control. "Remittance isn't just about moving money—it's about delivering certainty, speed, and compliance in a global-first world," said Gagan Singh, VP of Product and Delivery at Antier. "Our RaaS deployments prove that institutions can transition from legacy corridors to programmable money rails—without disruption or compromise." Antier's crypto-friendly neo banking solutions with integrated Stablecoin RaaS stand apart for its comprehensive and market-leading feature stack: Fiat-to-Stablecoin On-Ramp Integration (ACH, SEPA, UPI, local rails) Real-Time Cross-Border Stablecoin Settlements (sub-60 second finality) Smart Contract-Based Payout Orchestration Stablecoin-Agnostic Architecture AI-Driven KYC, AML & Transaction Risk Scoring Automated FX Conversion via DeFi Liquidity Pools Jurisdiction-Aware Compliance Layer (MiCA, VARA, FATF-ready rulebooks) Multi-Currency Remittance Wallets (segregated and pooled treasury accounts) Institutional-Grade Security via MPC Custody & Zero-Trust Architecture Corporate Payroll & Global Disbursement APIs On-Chain RTGS Settlement Engine (no batching or netting delays) Real-Time Auditability & Immutable Transaction Logs White-Label Super App with Modular API Access This future-ready infrastructure doesn't just make remittance faster—it turns it into programmable financial infrastructure, ready to meet the demands of digital-first institutions and borderless economies. The SuperApp Era Is Coming—Antier Building It First! Remittance. RWAs. CBDCs. Banking. One Stack. One App! Building on its momentum in stablecoin-powered remittance infrastructure, Antier is now engineering a next-generation Web3 Super-App—a unified financial OS designed to converge digital assets, tokenized RWAs, stablecoins, CBDCs, and cross-border value transfer into one seamless, composable interface. Positioned as a modular gateway to programmable finance, this Super-App will empower users and institutions alike to interact with money, markets, and on-chain assets, without technical friction or jurisdictional constraints. Antier's Super-App Vision: Stablecoin-First Multi-Asset Wallets- Multi-chain custody for USDC, USDT, EURC, and CBDCs—embedded with gas abstraction and MPC-based security. Tokenized RWA Access- Invest, fractionalize, and transfer tokenized real estate, private credit, and yield-bearing assets—compliant by design. Cross-Border Remittance Layer- Instant, low-cost global transfers powered by programmable stablecoin corridors and DeFi liquidity routing. CBDC Compatibility- Out-of-the-box readiness for interoperable CBDCs, retail and wholesale, with programmable logic and offline capabilities. Smart Treasury & AI Agents- AI-native financial automation for compliance alerts, real-time yield optimization, and FX rebalancing. "With this Super-App, we're abstracting protocol complexity and bringing institutional-grade usability to tokenized finance. Whether it's cross-border remittance, RWA access, or CBDC flows—Antier is building the UX layer of the token economy," said Nishant, CTO of Antier. Launching soon, Antier's Super-App will serve as the cornerstone of next-gen digital finance infrastructure—bridging the worlds of TradFi, DeFi, and real-world value into one programmable, future-proof stack. Policy Alignment & Market Opportunity With global stablecoin frameworks gaining momentum—led by the GENIUS Act in the U.S., the Markets in Crypto-Assets Regulation (MiCA) in the EU, and MENA's VARA-compliant mandates—Antier's compliance-first architecture positions it to lead in an ecosystem projected to exceed USD 2.8 trillion in stablecoin volume by 2028. Additionally, as CBDCs and programmable digital currencies enter their active phases of rollout, Antier's infrastructure is primed for seamless integration, unlocking new pathways for real-time treasury management, global settlements, and borderless fintech innovation. About Antier Antier is a global blockchain solutions company specializing in Web3 banking infrastructure, stablecoin-powered remittance systems, and Super-App development. With a focus on interoperability, compliance, and modular design, Antier enables institutions to build secure, scalable, and future-ready digital finance ecosystems. Media Contact: Website: Photo: View original content to download multimedia: SOURCE Antier Solutions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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