Sat, September 20

Singapore Banks Tighten Security Post $2.2B Money Laundering

Singapore banks affected by the substantial money laundering announced increased scrutiny of their wealthy customers according to Bloomberg. Leading banks such as Citigroup Inc., and DBS Group Holdings Ltd. are among the banks that are working to tighten security following the attack in 2023.  Notably, the money laundering case that

June 10, 2024 2 mins read

Bitstamp Secures Preliminary Regulatory Clearance in Singapore

Bitstamp, a cryptocurrency exchange based in Europe, has received preliminary regulatory clearance from Singapore’s Monetary Authority (MAS). The exchange will soon be authorized to provide digital payment token services in the region thanks to the Major Payment Institution (MPI) license, according to an email release on Wednesday. Bitstamp boasts that

March 6, 2024 1 min read

Singapore Strikes Out Spot Bitcoin ETFs for Retail Investors

After receiving clearance from the U.S SEC, Spot Bitcoin ETFs have lately gained immense market interest. However, retail investors cannot purchase Spot Bitcoin ETFs due to a ban imposed by the Monetary Authority of Singapore (MAS). The regulatory body has banned listing of Spot Bitcoin ETFs in the nation. Bitcoin

January 18, 2024 2 mins read

BitGo Secures In-Principle Approval for MPI License by Singapore’s MAS

The BitGo crypto custody firm has received an in-principle approval for a Major Payment Institution (MPI) license via its local entity from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS). A post on Twitter declared the in-principle approval by the corporation. This authorization follows BitGo’s acquisition of a crypto

January 10, 2024 2 mins read

AI-Driven Deepfake Crypto Scam Targets Singapore Prime Minister

Prime Minister Lee Hsien Loong of Singapore has issued a public warning against a new kind of cyber fraud that employs deepfake technology. Recent Facebook posts of his have drawn attention to the proliferation of videos purporting to show him encouraging crypto frauds, which he claims are the product of

December 29, 2023 2 mins read

Worldcoin Project Launches Orb Verification in Singapore

The Orb, a hardware device made possible by the Worldcoin project, is now available to Singaporeans for verification purposes, marking a significant step forward in the global movement for proof of personhood. The Orb is a piece of specialized hardware that the project team uses to improve identification verification. The

December 27, 2023 1 min read

Crypto Exchange XREX Secures In-principal Approval in Singapore

XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment

November 17, 2023 1 min read

MAS Collaborates with Global Regulators on Digital Asset Initiatives

The Monetary Authority of Singapore (MAS) has announced a groundbreaking partnership with regulatory authorities from Japan, Switzerland, and the United Kingdom. The collaboration involves the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) and is set to

October 30, 2023 1 min read

ZEX PR WIRE Unveils $15,000 Worth of Free PR Campaign at Token 2049 Singapore

ZEX PR WIRE, a leading name in the realm of public relations and media outreach, is thrilled to unveil a game-changing opportunity for participants of Token 2049 Singapore Edition, scheduled for September 2023. In a strategic move to bolster the visibility and impact of delegates, exhibitors, and sponsors, ZEX PR

September 6, 2023 2 mins read

Singapore’s Central Bank Introduces Guidelines for Stablecoins Issuers

In an effort to improve the reliability of single-currency stablecoins, Singapore’s central bank, the Monetary Authority of Singapore (MAS), issued new guidelines on August 15. For single-currency stablecoins having a circulation value of more than S$5 million tied to the Singapore Dollar or any fiat of the G10 nations, the

August 15, 2023 2 mins read
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