News about SINGAPORE

News about Singapore

Singapore central bank chief sees no place for private crypto in the monetary scene

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Singapore to restrict retail crypto speculation with new rules

According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and FOMO on good returns. In response to th...

Singapore Implements New Rules: Crypto Trading Restrictions Now In Effect

According to a Bloomberg report, Singapore has proposed additional regulations to reinforce its stance against retail speculation in crypto assets. The new measures include prohibiting individual investors from borrowing to trade and disallowing digi...

Singapore's MAS Takes Aim at Crypto Speculation with New Regulations

The Monetary Authority of Singapore (MAS) wants to discourage cryptocurrency speculation among retail customers, according to new regulations for Digital Payment Token (DPT) service providers in Singapore. These measures aim to address potential harm...

Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks

The Monetary Authority of Singapore’s managing director has outlined the central bank’s plan to ensure seamless financial transactions across digital asset networks. “Currently, there is a proliferation of digital asset networks,” t...

MAS Launches Live Pilot for Wholesale CBDC in Singapore Dollars

The Monetary Authority of Singapore (MAS) unveiled a pilot program for the live issuance of a wholesale Central Bank Digital Currency (CBDC) denominated in Singapore dollars. The announcement was made by the Managing Director of MAS, Ravi Menon.MAS...

Singapore Announces Global Tokenization Initiative in Partnership With BNY Mellon, DBS, JPMorgan, and MUFG

The Monetary Authority of Singapore (MAS) has announced a global tokenization initiative that seeks to allow tokenized assets to be exchanged by different financial institutions across borders. The initiative, touted by MAS officials as the evolution...

Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks. A pilot program for a live Singapore dol...

A Tale of Two Perspectives: Singapore's Skepticism and Germany's Crypto Embrace

In the ever-evolving landscape of digital finance, the dichotomy between acceptance and skepticism toward cryptocurrencies is a central theme. Recently, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), shared a critical...

Paxos Secures initial Crypto Licenses in Singapore

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Singapore's MAS to explore "global layer 1" blockchain tokenization with BNY, DBS, JPM, MUFG

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Paxos to issue USD stablecoin in Singapore, wins initial approval

The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval. Crypto infr...

The Token Economy: How Singapore's Bold Moves Pave the Way

In a strategic move towards the inevitable shift to tokenization, the Monetary Authority of Singapore (MAS) is leading the way with pioneering tests alongside financial heavyweights like JPMorgan, DBS, and BNY Mellon. This collaborative effort explor...

Singapore introduces 5 new pilots to test asset tokenization

The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets. The Monetary Authority of Singapore...

Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements

In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows Hodlnaut’s...

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services. Singapore-based dtcpay is laun...

Singapore Police Issue Warning Over WhatsApp Phishing Scam

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Digital Assets Take Center Stage: Singapore Spearheads Partnership With Tech Titan Nations

In the realm of digital assets, the Monetary Authority of Singapore (MAS) is forging an unprecedented alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financia...

Cardano Partners With Singapore’s Blockchain Institute: ADA Turns Bullish

Emurgo, one of the founding entities of the Cardano blockchain, has officially announced a partnership with the Institute of Blockchain Singapore (IBS) today. This strategic alliance, revealed via X (formerly Twitter), accentuates the rising importan...

Singapore plans joint crypto pilots with Japan, Switzerland and UK

Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project. The Monetary Authority of Singapore (...

Bitcoin-friendly El Salvador can become 'Singapore of the Americas': VanEck advisor - Cointelegraph

Bitcoin-friendly El Salvador can become 'Singapore of the Americas': VanEck advisor& & Cointelegraph

Bitcoin-friendly El Salvador can become 'Singapore of the Americas ... - Cointelegraph

Bitcoin-friendly El Salvador can become 'Singapore of the Americas ...& & Cointelegraph

Bitcoin-friendly El Salvador can become 'Singapore of the Americas': VanEck advisor

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Bitcoin-friendly El Salvador can become ‘Singapore of the Americas’ — VanEck adviser

VanEck strategy adviser Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years. El Salvador...

Aptos Unveils Winners of the Singapore World Tour Hackathon

Aptos Network announced the winners of its #AptosWorldTour Hack Singapore on October 27, 2023, showcasing 14 innovative projects across five tracks, including NFTs, DeFi, Infrastructure, and Web3 x AI, with winners like @IntoTheVerse_, @aptospayment,...

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