Singapore’s MetaComp has closed a $35 million Pre‑A+ funding round led by Alibaba and other institutional investors, as this capital will accelerate its regulated Web2.5 payments and wealth platform across Asia. According to MetaComp’s announcement on March 13, the latest funding round was backed by Alibaba, Spark Venture, and other institutional
A Singapore court has ruled to sentence a man to two years in jail for involvement in a crypto theft that led to the loss of assets estimated at over $6.9 million. The case initiated with an incident in which hackers had unauthorised access to a crypto wallet and transferred
Singapore is once again gaining limelight in the crypto industry, as it has removed capital gains tax on Bitcoin and other cryptocurrencies. This initiative has strengthened Singapore’s crypto tax policies and sends a strong message to global investors. Over a prolonged period, Singapore has made a reputation for financial stability
Singapore Gulf Bank has launched a managed fiat-to-stablecoin interoperability solution, which improves connectivity between the traditional banking infrastructure and blockchain technology. The bank wants to facilitate the transfer of value between the regulated fiat system and digital assets. Analysts associated the news with the regulation of stablecoins and the adoption
Standard Chartered has established itself as the main banking collaborator with DeCard, the newly launched credit card that allows customers to utilize stablecoins for day-to-day purchases. The partnership with DCS Card Centre is a key milestone in making digital assets accessible within traditional payment networks for mass-market consumers globally. Bridging
Singapore is the global blockchain hub, and it is hosting the upcoming CoinFerenceX web3 summit. Only 5 months after the Dubai summit held in April this year, CoinFerenceX is ensuring no one is left behind. All roads lead to Singapore on 29 and 30th September 2025 for the second edition
A DTSP license is required for any Singapore-based firms that provide digital token services to customers abroad, or else they are immediately required to cease cross-border activities by the Monetary Authority of Singapore (MAS). Any Singaporean business, partnership, or person offering digital token services to customers outside of Singapore will
Ant International is actively seeking to get stablecoin issuer licenses in Singapore, Hong Kong, and Luxembourg. The news came to light after sources familiar with the matter revealed it to Bloomberg. As crypto regulations accelerate in global countries, institutions and firms are planning to expand their business operations by complying
Singapore, once seen as a go-to spot for crypto in Asia, is now taking a tougher stance on digital assets. In a big move, exchanges Bitget and Bybit are reportedly planning to pull out of the retail crypto scene in the country. This comes after the Monetary Authority of Singapore
Singapore has issued a firm directive to unlicensed digital asset service providers operating from its jurisdiction. The Monetary Authority of Singapore (MAS) has enforced a strict June 30 deadline for these firms to either obtain licenses or cease operations immediately. This includes companies that serve only offshore customers but operate
