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Singapore

News on MAS policy, licensing, venture activity, and Singapore’s position as a Web3 finance hub.

Regulation

Singapore monetary authority releases regulatory framework for G10-pegged stablecoins

MAS warned that defaulters would be subject to penalties and placed on its’ Investor Alert List.

2 years ago

Investments

Singapore pledges $112M to foster fintech and web3 innovation

Singapore's MAS said individual web3 projects would get grant funding to support actual trial and commercialization of their products.

2 years ago

Bankruptcy

OPNX submits bid to takeover troubled Singapore-based crypto lender Hodlnaut

OPNX, whose founders include Kyle Davies and Su Zhu, the co-founders of bankrupt 3AC, wants to provide $30 million in FLEX tokens to Hodlnaut.

2 years ago

Trading

Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion

Wintermute is eyeing growth in other jurisdictions amid the regulatory pressure in the West.

3 years ago

Legal

Singapore High Court declares cryptocurrency as property, rules in favor of ByBit in trust case

Judge Jeyaretnam ruled that crypto is a property recognized by the common law as a thing in action.

3 years ago

Investments

Singaporean sovereign fund Temasek exits crypto altogether amid regulatory crackdown

The investment chief conceded that Temasek might invest in crypto if the regulatory framework becomes comfortable, but the fund is still nursing its wounds from its FTX bet gone sour.

3 years ago

Analysis

Global regulatory developments are literally reshaping the crypto world

Governments across the globe are catching up cryptocurrency innovation as they work to establish regulations that will shape the industry's physical and geographical presence.

3 years ago

Adoption

Circle targets APAC’s 74% USD trade invoicing for digital dollar growth

Circle's USDC seeks to transform Asia's financial infrastructure, leveraging the USD's dominance in trade invoicing.

3 years ago

Regulation

Belarus eyes ban on peer-to-peer crypto transactions in fight against cybercrime

Belarus said the move would help the country combat cybercrimes and make it difficult for criminals to launder their funds.

3 years ago

Regulation

Asia crypto hubs introduce new bans to lending, staking for retail investors

Singapore and Thailand are limiting the offering lending or staking services to retail users.

3 years ago

Regulation

Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire

Allaire said that the developments in Hong Kong might reflect how the crypto market grows in Greater China.

3 years ago

Regulation

Singapore approves Ripple’s Major Payment Institution license application

Ripple said Singapore is poised to "reap the myriad benefits" that come with supporting digital asset technology.

3 years ago