2 days ago · 3 min read
Singapore tightens laws for crypto companies in a cautious bid to embrace the industry
Market watchdogs now have a tight grip over crypto in the country.
Axie Infinity developers’ Ronin Network loses $615 million to hackers
As part of the attack, an unknown hacker managed to gain control over four of Ronin Network's validator nodes.
Coinbase introduces new rules for crypto transactions in some countries
Due to legal requirements, Coinbase will ask for additional information before issuing crypto transactions to Canada, Japan and Singapore.
Here’s the first multi-CBDC settlement project and participating countries
Australia, Malaysia, Singapore and South Africa will be participating in the multi-CBDC platform pilot led by the Bank of International Settlements.
Cake DeFi launches $100 million venture arm to fund web3, gaming and fintech startups
Based in Singapore, Cake DeFi Ventures will fund tech startups that complement the company’s core business.
Sygnum gets regulatory approval to expand services in Singapore
Sygnum is a digital asset bank that primarily operates in Switzerland and Singapore. It has a Swiss banking license and a Singapore capital markets services license.
Crypto firm Amber Group hits $3 billion valuation in funding round
Singapore crypto firm Amber gets funding led by Temasek, helping them to hire and expand their institutional business.
Singapore prohibits crypto firms from advertising publicly
Singapore’s top financial regulator has barred public crypto advertisements and crypto ATMs from operations.
Sons of Singapore billionaires jump aboard the NFT train with ARC
The innovative networking app wants to create a sprawling community in the Asia Pacific market.
Why is Singapore rejecting the majority of crypto licensing applications?
Less than 3% of digital payment token licenses have been approved, seemingly contradicting Singapore's crypto-friendly stance.
Here is why Binance is leaving Singapore
Binance inability to comply with Singapore’s anti-money laundering regulations forced it out of the country.
Why Binance withdrew its Singapore license application, and what this means for Zilliqa
Binance CEO Changpeng Zhao explains why it makes sense to bow out of Singapore now.
Crypto exchange Binance Singapore to close its doors in February
The Singaporean arm of crypto trading giant Binance has withdrawn its application for a crypto services permit in the city-state.
Singapore TradFi bank DBS joins Hedera Hashgraph as a council member
The bank has become the 24th member of the Hedera Governing Council and is the first Southeast Asian bank to have joined the worldwide hyperledger organization.
ConsenSys among 15 firms shortlisted to develop CBDC for crypto-friendly Singapore
The island nation has long and planned its own CBDC. And development is now set to begin.
Binance (BNB) signs up ex-Singapore Exchange chief as regulatory troubles loom
Binance Singapore has announced its new CEO in its bid to become more regulatory compliant.
Ethereum (ETH), Cardano (ADA) are crowd favorite cryptos in Singapore
Over 78% investors in the island city have invested in the world’s second-largest cryptocurrency, with 40% punting on the third-largest one.
Southeast Asia’s largest bank sees tenfold crypto trading volume growth in Q1
Institutional crypto trading platform DBS Digital Exchange saw its trading volume grow up to $40 million in just a few months.