Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could…

Singapore Hosts New Fiat-Crypto Exchange, Welcomes Crypto Bank Accounts

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It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports.  Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets,…