Singapore News and Articles

Opportunities for Singaporean retail investors in the cryptocurrency market may be narrowed. The authorities are ready to take such a step to protect the residents of the metropolis from fraudulent projects and risky investments. According to Tarman Shanmugaratnam, representing the Monetary...

Singapore regulators approved a new law, which provides stricter rules for the crypto services providers. According to the law, Singapore-based virtual service providers are required to get licensed regardless of their establishment location. Anti-money laundering and counter-terrorism guidelines...

The other day it became known that the Monetary Authority of Singapore approved the application of the Paxos crypto company to conduct activities in the country. The decision to issue the appropriate license was taken by all regulatory bodies unanimously. Paxos, by the way, has been afloat for...

The largest bank in Singapore, DBS Bank, intends to open a digital asset trading platform focused on individual investors by the end of 2022. This was stated by its CEO Piyush Gupta at a conference with analysts. The top manager said that in the implementation of the DBS Bank initiative, “a huge...

As of today, many government agencies in Singapore express their distrust of digital assets, not wanting to use virtual money for any transactions. At the same time, everyone should note that not so long ago, the government of the country reacted quite kindly to the cryptocurrency, even developing...

MAS (The Monetary Authority of Singapore) released a guideline that set rules for those offering crypto trading services, from advertising their services publicly. The new rules aim to protect investors from possible risks. According to the regulator, the public shouldn't be provoked to trade...

The operator of China's largest cryptocurrency exchange, Huobi, will open a regional headquarters in Singapore. That was announced by the co-founder of the company, Du Jun. The city-state will become the new base for Huobi Group after moving from China, he explained to the publication. The company...

Binance has announced a cut in SGD product offerings in Singapore. According to the official statement, the decision of the trading platform is related to the inclusion of Binance in the list of sites that violated the local law "On payments". So, according to yesterday's message,...

In a survey conducted among Singaporean crypto traders. Researchers have found that Ether (ETH) is a more popular digital currency compared to Bitcoin. 78% of respondents said they own ETH, while 69% of investors hold the first cryptocurrency. The survey was conducted by the Gemini exchange in...

The Independent Reserve platform surveyed Internet users in Singapore and found that more than 40% of them have already invested in digital currencies. 43% of respondents said they already hold bitcoin and other coins. 46% of survey participants are preparing to invest in such assets over the next...

DBS Bank's Wealth Clients Division has added Bitcoin, Ethereum, Bitcoin Cash, and XRP investment trusts to its product line. The tool is available in US dollars, Japanese yen, Hong Kong, and Singapore national currencies. The bank said that this is the first proposal of this kind in Asia. The...

The crypto adoption process has been growing. Singapore's largest bank DBS has decided to be a part of it. On 27 October the bank published about the launch of its “DBS Digital Exchange”, which has probably been deleted afterwards. Anyway, there are a lot of screenshots distributed in the...

Singapore’s blockchain ecosystem now has 234 companies. Such statistics were provided by a group of organizations, which also compiled a “map” with the logos of these companies. It turned out that since 2019, the number of blockchain companies has grown by more than 50%. The map, which was...

CoolBitX founder Michael Ou says Asian countries are leading the way in introducing a “travel rule” for the FATF, which should be offered no later than June 2020. CoolBitX itself has developed a solution to implement the travel rule called Sygna Bridge. It allows exchanges to communicate with...

The management of decentralized finance service dForce announced a plan for the redistribution of assets after an attacker returns all funds stolen from the site in the amount of $24.9 million. Over 90% of assets have been distributed to users in less than 24 hours. 100% users have been made whole...

Cryptocurrency exchange Binance has applied for a license to work in Singapore under the new law on payment services, according to Bloomberg. “We quickly applied. Singapore-based Binance has close contact with local regulators, and they have always been open to new things, ”said Binance CEO...

Avelife's cofounder of social and environmental projects in Singapore, Mark Cheng, has been abducted by a business partner in Thailand. The extortionist demanded a ransom of 1.4 million Thai baht (about $46 thousand), writes The New Paper. On January 9, Cheng, along with his colleague Lee Wei Kim,...