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Crypto Market Maker GSR Recieves Singapore Crypto License
4.4.2024
The license is the first awarded by Singapore to a crypto market maker
Singapore Imposes New Rules for Digital Payment Token Services
3.4.2024
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do...
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
2.4.2024
Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday
Grab’s Singapore Users Can Now Use Crypto to Make Payments
19.3.2024
The Grab super app is now making available the option of paying in cryptocurrencies, The Straits Times reported Tuesday citing alerts from Grab users
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
3.2.2024
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are increasingly leveraging crypto drainers to target...
China and Singapore Team Up to Allow Tourists to Spend Digital Yuan
10.12.2023
Singapore and China have teamed up on a pilot to allow tourists in both countries to spend China’s central bank digital currency, the digital yuan. “This will enhance convenience for travelers when making purchases during their overseas travel,” Singapore’s central bank...
Ravi Menon: Singapore's Middle Way Regulator
4.12.2023
Singapore's central bank head has steered a path between Hong Kong's embrace of crypto and India's stifling of it
Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus
29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...
Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks
21.11.2023
The Monetary Authority of Singapore’s managing director has outlined the central bank’s plan to ensure seamless financial transactions across digital asset networks. “Currently, there is a proliferation of digital asset networks,” the head of Singapore’s central bank said....
Singapore Establishes Task Forces to Assist Police in Crypto-Related Crimes
18.10.2023
Singapore's Attorney-General's Office has officially established two specialized task forces, comprising approximately 20 prosecutors, tasked with addressing the crypto related crimes.
Deputy Chief Prosecutor of the Attorney-General's Chambers, Ong Shouren, told a local news outlet that...
Singapore regulatory sandbox lacks qualified crypto payment providers
8.9.2023
The MAS has said that rising malware scam cases in Singapore have nothing to do with cryptocurrencies. On the contrary, it claimed, such scams are more prevalent in the fiat economy
Singapore Tops List of Crypto-Friendly Investment Migration Destinations
6.9.2023
Singapore has emerged as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released Crypto Adoption Index by Henley & Partners.
With a perfect score of 10 out of 10 in the tax-friendliness...
Singapore's New President Has a History of Disapproving Crypto
5.9.2023
Singapore's newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”.
With 70.4% of the vote, Shanmugaratnam has become Singapore's 9th president, succeeding Halimah Yacob, the country's first female head of state.
However, to...
Crypto Brokerage Blockchain.com Receives Institution License From Singapore
8.8.2023
The company had received an in-principle approval from the Monetary Authority of Singapore last year
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
3.7.2023
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year
Crypto Was Singapore's Top Area of Fintech Investment in 2022 Despite Global Slowdown: KPMG
16.2.2023
Crypto or Blockchain was the top area of fintech investment in Singapore for the year 2022 despite the global slowdown in the space, according to KPMG despite the finding of a key trend that investors are shifting to non-crypto blockchain-based solutions
Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance
24.1.2023
Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that regulators should provide “ultra clarity...
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
28.10.2022
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore...
Singapore-Based Crypto Investment Startup Pillow Raises $18m Series A
13.10.2022
The funding round was co-led by Accel and Quona Capital with participation from Jump Capital and Elevation Capital
Coinbase gains in-principle approval for Singapore crypto license
11.10.2022
The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations