Singapore composing new guidelines for banks with crypto clients
Singapore's central bank authorities have been collaborating with banks that serve crypto accounts for six months to set standards.
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Singapore's central bank authorities have been collaborating with banks that serve crypto accounts for six months to set standards.
Zeynep Geylan 3 min read
Terraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
Ceffu will apply for a MAS license to enable it to offer custodial services to institutional investors in Singapore.
Singapore's DBS bank-backed exchange recorded an 80% increase in BTC trading volumes and doubled its user count in 2022.
Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.
Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.
CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."
The Monetary Authority of Singapore's Chairman Tharman Shanmugaratnam said regulating the crypto industry would give credibility to speculation and it may be better to leave it unregulated.
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