Latest News and Articles about Singapore
Cumberland SG Gains Key Approval for Payment License in Singapore
Cumberland SG Gains Preliminary Approval for Major Payment Institution License in Singapore Cumberland SG, the Asian division of the U.S.-based crypto trading firm Cumberland, has secured a significant regulatory milestone. On March 18, the Monetary Authority of Singapore (MAS) granted in-principle approval for a Major Payment Institution license, a key permit that allows a company […]
Read MoreSingapore and Vietnam Sign LOI to Boost Digital Asset Regulation
Singapore and Vietnam Forge Ahead in Digital Asset Regulation Singapore and Vietnam have recently signed a Letter of Intent (LOI) to strengthen their collaboration on capital markets oversight and digital asset regulation, aiming to enhance financial stability and foster agile regulatory approaches. Singapore and Vietnam sign LOI to enhance cooperation on digital asset regulation. Focus […]
Read MoreHong Kong vs Singapore: Battle for Asia’s Crypto Hub Dominance Intensifies
Crypto Hub Wars: Hong Kong And Singapore Compete For The Top Spot Hong Kong and Singapore are fiercely competing to establish themselves as the leading cryptocurrency hubs in Asia, with each city implementing regulatory changes to attract digital asset firms. Hong Kong approves nine digital asset trading platforms. Hong Kong considers new bitcoin products. Singapore […]
Read MoreSingapore Leverages Metaverse for Youth, Thailand Eyes Bitcoin ETFs
Singapore Explores Metaverse for Youth Engagement, Thailand Mulls Bitcoin ETF Approval Singapore is leveraging the metaverse to make parliamentary proceedings more engaging for youth, while Thailand’s Securities and Exchange Commission (SEC) considers approving Bitcoin exchange-traded funds (ETFs) to enhance its digital asset market. Singapore’s metaverse initiative for youth engagement Thailand’s contemplation of Bitcoin ETFs Decline […]
Read MorePolymarket Banned in Singapore: DeFi Faces Global Regulatory Hurdles
Polymarket Banned in Singapore Under Strict Gambling Laws Polymarket, a decentralized prediction market platform, has been banned in Singapore due to the country’s stringent Remote Gambling Act of 2014. This ban highlights the challenges faced by innovative DeFi platforms in navigating global regulatory landscapes. Polymarket banned in Singapore under 2014 Remote Gambling Act Singapore permits […]
Read MoreSingapore’s New Law Grants Police Power to Freeze Bank Accounts for Up to 180 Days in Anti-Scam Push
Police Gain New Powers to Freeze Bank Accounts in Singapore’s Fight Against Scammers In the first half of 2024, Singapore witnessed a staggering 26,587 scam cases, prompting the country to take decisive action with the “Protection from Scams” bill. Here’s the deal: this new law grants police the authority to freeze bank accounts suspected of […]
Read MoreOCBC Launches Tokenized Bonds in Singapore: Revolutionizing Finance with Blockchain
OCBC Launches Tokenized Bonds: A New Era for Finance in Singapore OCBC, a leading bank in Singapore, has rolled out tokenized bonds aimed at corporate accredited investors, marking a significant step forward in the use of blockchain technology in finance. Tokenized bonds launched for corporate investors Enables fractional ownership at S$1,000 Singapore’s crypto licenses surge […]
Read MoreCFTC vs. Gemini Trial Pushed to January 2025: Regulatory Shifts and Global Expansion
CFTC vs. Gemini Trial Delayed to January 21, 2025: Impact on Crypto Regulation and Gemini’s Global Strategy Trial between CFTC and Gemini delayed to January 21, 2025 CFTC alleges Gemini provided misleading information for Bitcoin futures Gemini expands into Singapore, receives preliminary approval from MAS Potential regulatory shifts following Trump’s inauguration A New York federal […]
Read MoreSingapore Overtakes Hong Kong as Top Digital Assets Hub with 13 Crypto Licenses in 2024
Singapore Surpasses Hong Kong as Digital Assets Leader in 2024 In a strategic maneuver that has propelled it past Hong Kong, Singapore has emerged as the leading hub for digital assets by issuing an impressive 13 cryptocurrency licenses in 2024. This significant increase highlights Singapore’s ambition to dominate the global crypto landscape. 13 crypto licenses […]
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