Regulation
Crypto.com secures Major Payment Institution license in Singapore
The Monetary Authority of Singapore has granted official approval of the license after extending an "in-principal" approval last June.
Jacob Oliver 1 min read
Singapore News
News on MAS policy, licensing, venture activity, and Singapore’s position as a Web3 finance hub.
Coverage footprint 0.7%
Top Singapore Stories
Tokenization
Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations
Several crypto community members pointed out that the glitch led to a flash crash of XRP to $0 and liquidated long positions.
Regulation
Singapore composing new guidelines for banks with crypto clients
Singapore's central bank authorities have been collaborating with banks that serve crypto accounts for six months to set standards.
Latest Singapore Crypto News & Analysis
Crime
Do Kwon’s Terraform Labs under investigation in Singapore
Terraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
Exchanges
Binance custody arm ‘Ceffu’ to apply for license in Singapore
Ceffu will apply for a MAS license to enable it to offer custodial services to institutional investors in Singapore.
Adoption
DBS Digital Exchange CEO says investors prefer regulated platforms over yield
Singapore's DBS bank-backed exchange recorded an 80% increase in BTC trading volumes and doubled its user count in 2022.
Regulation
Justin Sun calls for unified crypto regulation
Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.
Bankruptcy
Holdnaut co-founders opt to sell bankrupt crypto lender
Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
Bankruptcy
Potential buyers looking to purchase Hodlnaut and its FTX claims
Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.
