Digital asset custody provider Cobo will permanently shut down its consumer-facing wallet app on December 1, 2026, giving existing users until the end of November to withdraw their cryptocurrency. Users who leave assets in their accounts after the deadline will face a monthly management fee of 2% of their remaining
Singapore Gulf Bank has expanded its USD payment capabilities through a partnership with BNY. It gives both corporate and retail clients the ability to settle qualifying USD payments at any time, including weekends and U.S. public holidays. The service runs through BNY’s 24/7 USD Book Transfers solution, and SGB is
Hyperliquid Labs has confirmed that it is based in Singapore. Corporate documents reviewed by the FT list Singapore as its registered headquarters. Job postings cite the city-state as its office location. By every paper measure, this is a Singapore company. The Monetary Authority of Singapore disagrees, and that disagreement is
Gemini is offering native XRP Ledger deposits and withdrawals in Singapore, enabling users to transact in XRP via XRPL. Gemini co-founder Tyler Winklevoss disclosed the feature on Monday, describing it as “big news” for the XRP community in Asia. Singapore continues to be a leading financial capital and crypto hub
Cumberland has enhanced its regulatory coverage by obtaining a Major Payment Institution license issued by the Monetary Authority of Singapore. The license permits Cumberland SG Pte. Ltd. to offer Digital Payment Token Services and Cross-Border Money Transfer Services under the Payment Services Act of Singapore. The license concludes the regulatory
Singapore-based StraitsX announced a sharp increase in the growth of its stablecoin card program, indicating a rise in the adoption of Southeast Asia’s digital payments ecosystem. The StraitsX stablecoin card program experienced a fortyfold increase in transaction volume from the fourth quarter of 2024 to the 2025 periods. The StraitsX
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
