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PortuguêsAs the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare. Last week, two central banks dropped public reports that can…
Continue ReadingFinancial service regulator – Monetary Authority of Singapore has issued fresh guidelines to limit crypto trading by the public. It has also taken a firm stance and asked cryptocurrency companies…
Continue ReadingCryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased…
Continue ReadingThe move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public. The Monetary Authority of Singapore has reportedly decided to shut down…
Continue ReadingInterest in cryptocurrencies has taken the world by storm- that’s a fact. Needless to say, with such a hike, crypto advertisements witnessed a massive boom as well. Some might see…
Continue ReadingSingapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for…
Continue ReadingThe new regulations would only allow for advertisements on native websites and mobile apps for DPT companies. The Monetary Authority of Singapore (MAS) issued a new set of guidelines for…
Continue ReadingIf there’s one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics…
Continue ReadingWhile 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. As digital asset prices had been hitting new historical highs in 2021, many jurisdictions…
Continue ReadingThe Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. More than 100 out of 170 “digital…
Continue ReadingMore than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money…
Continue ReadingCoinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding. Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s…
Continue ReadingArguably the world’s most-popular crypto-exchange, Binance has found itself in hot water with global watchdogs over a lack of regulatory clarity. It has faced objections on a consistent basis from…
Continue ReadingBinance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform. Crypto exchange Binance…
Continue ReadingWhat makes a first rank crypto economy? A number of factors, for sure. These can range from the number of Bitcoin nodes and crypto ATMs in a country to regional…
Continue ReadingBinance‘s most recent acquisition is still subject to some regulatory requirements. Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private…
Continue ReadingThe SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced today in a release that it made its first investment into Coinhako, a Singapore-based cryptocurrency exchange. While the statement did not disclose…
Continue ReadingThe Monetary Authority of Singapore has suspended operations of crypto-exchange Bitget in the country, according to a report by FT. The development follows a dispute between the K-pop band BTS…
Continue ReadingThe Singapore-based Bitget exchange has reportedly lost its license after a legal tussle with the agency for K-Pop boy band BTS. Singapore-headquartered digital asset platform, Bitget, has reportedly been suspended…
Continue ReadingOne of the largest names in the Chinese crypto businesses, Huobi Group has now decided to choose Singapore as its regional headquarters. As per co-founder Du Jun, the group will…
Continue ReadingSingapore‘s Coinstore crypto exchange has allotted $20 million for opening up three new offices in the Indian market. Despite India’s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has…
Continue ReadingIn addition to an offering that purchases actual bitcoin, Fintonia also launched a bitcoin yield fund. Singaporean Fintonia Group has launched two bitcoin funds for professional investors. The Fintonia Bitcoin…
Continue ReadingThe new Bitcoin funds aim to provide simple and secure exposure to Bitcoin for professional investors. Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by…
Continue ReadingThe green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger. It takes a lot of energy for miners to verify transactions and…
Continue ReadingIs Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations? Blockchain innovation is surging throughout Southeast Asia, as the region…
Continue ReadingSingapore-based Oversea-Chinese Banking Corp.(OCBC) is mulling over setting up a crypto-exchange, as per a report by Bloomberg. The multinational bank can join the likes of DBS Vickers, the venture arm…
Continue ReadingFollowing the continuous crackdown from regulators across the globe, many crypto exchanges are readjusting their mode of operations. Many brokers have had to shut down some of their operations in…
Continue ReadingThe Monetary Authority of Singapore (MAS) has released a list of 70 platforms that have applied to provide digital asset services in the country. The notable applicants include Singapore arms…
Continue ReadingThough the exchange’s holding company is registered in the Cayman Islands, Binance currently has no formal headquarters anywhere in the world. Even with no physical headquarters and seemingly few regulations…
Continue ReadingAll Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022. Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes,…
Continue ReadingBitcoin Suisse, Switzerland’s biggest BTC broker, has now made Lightning Network technology available for its crypto payment system. Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions…
Continue ReadingAfter the Chinese government’s crackdown on crypto-transactions, Huobi might have thought it will find home again in Singapore. However, an announcement from the crypto-exchange has made it clear that Huobi…
Continue ReadingThe retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.” The Monetary Authority of Singapore (MAS) has ramped…
Continue ReadingSingapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading…
Continue ReadingRavi Menon, Managing Director of Monetary Authority of Singapore, revealed in an interview with Bloomberg that the nation-state wants to lead the crypto race. As reported earlier, Singapore had turned…
Continue ReadingSingapore is aggressively pursuing policies that will help the cryptocurrency sector grow. The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto…
Continue ReadingThe bank wants to use its membership to further explore the emerging possibilities opened up by blockchain technology. The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as…
Continue ReadingGovernments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? The rapid growth of mainstream attention toward cryptocurrencies has…
Continue ReadingFor the second year in a row, an Asian country topped the Index of Economic Freedom. Singapore’s world ranking and its high score were boosted by its property rights and trade…
Continue ReadingThe Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in…
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