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Singapore

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

Exchanges

Gemini eyes Asia-Pacific markets as US regulatory pressures intensify

The Winklevoss-led exchange plans to expand its Singapore headcount and establish an engineering base in India.

3 years ago

Regulation

Crypto.com secures Major Payment Institution license in Singapore

The Monetary Authority of Singapore has granted official approval of the license after extending an "in-principal" approval last June.

3 years ago

Tokenization

Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations

Several crypto community members pointed out that the glitch led to a flash crash of XRP to $0 and liquidated long positions.

3 years ago

Regulation

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.

3 years ago

Crime

Do Kwon’s Terraform Labs under investigation in Singapore

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.

3 years ago

Exchanges

Binance custody arm ‘Ceffu’ to apply for license in Singapore

Ceffu will apply for a MAS license to enable it to offer custodial services to institutional investors in Singapore.

3 years ago

Adoption

DBS Digital Exchange CEO says investors prefer regulated platforms over yield

Singapore's DBS bank-backed exchange recorded an 80% increase in BTC trading volumes and doubled its user count in 2022.

3 years ago

Regulation

Justin Sun calls for unified crypto regulation

Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.

3 years ago

Bankruptcy

Holdnaut co-founders opt to sell bankrupt crypto lender

Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.

3 years ago

Bankruptcy

Potential buyers looking to purchase Hodlnaut and its FTX claims

Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.

3 years ago

Stablecoins

Binance CZ says stablecoin regulation would boost adoption

CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."

3 years ago

Regulation

Singapore financial watchdog’s chairman questions if regulating crypto legitimizes speculation

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.

3 years ago