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Sygnum Singapore gets approval to offer crypto services

0xMain
June 13, 2023

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Sygnum Singapore has successfully secured in-principle approval of its Major Payment Institution License (MPIL) application from the Monetary Authority of Singapore (MAS). The license enables the bank to offer its clients regulated crypto brokerage services. Sygnum Singapore, the Southeast Asian arm of Switzerland’s...

Circle receives digital token license in Singapore

0xMain
June 8, 2023

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Circle, the issuer of the USDC stablecoin, is expanding its presence in the Asian market with a new license to operate in Singapore. The Monetary Authority of Singapore (MAS), the country’s central bank, has granted the company’s Singapore division, affiliated with Circle Internet...

Binance appoints former Singapore exec as head of regional markets

0xMain
May 30, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 29, Binancee announced the appointment of Richard Teng to oversee all of its regional markets outside of the United States to better comply with different regulators. Since...

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Singapore multi-family office looks to establish a digital bank in Bahrain

0xMain
May 18, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Whampoa Group has selected the Kingdom of Bahrain as its intended headquarters to establish a digital bank that would serve crypto companies. A digital bank for digital asset firms...

Coinbase debuts feeless USDC trading in Singapore

0xMain
May 17, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption. Coinbase announced the...

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Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

0xMain
April 18, 2023

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Luno, a leading crypto exchange owned by the beleaguered Digital Currency Group, has shut down its operations in Singapore amid growing scrutiny surrounding the crypto industry. Despite the tightening regulations, bankrupt lender Babel has successfully extended its bankruptcy protection within the region. Luno...

Singapore to help banks set standards for vetting crypto businesses

0xMain
April 6, 2023

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Singapore’s central bank and the police are reportedly working on establishing guidelines that would help traditional financial institutions in the city-state to improve the process of accessing potential crypto clients. Bloomberg reported on April 6 that the Monetary Authority of Singapore (MAS) and...

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Women and Gen Z lead crypto trading in Singapore, study reveals

0xMain
March 29, 2023

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In the ever-evolving world of cryptocurrency, recent research by Independent Reserve unveils a fascinating shift in adoption, awareness, and investment patterns among Singaporeans. As the industry recovers from a tumultuous 2022, the latest study offers a deep dive into the emerging trends among...

Singapore investigating Do Kwon’s Terraform Labs

0xMain
March 7, 2023

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Terraform Labs, the company co-founded by Do Kwon which is also behind the collapsed Terra ecosystem, is facing fresh investigations from the Singaporean police. Singapore probes Terraform Labs According to Bloomberg on March 6, 2023, the Singaporean police said via an email that...

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Binance seeks Singapore license for institutional crypto services

0xMain
March 2, 2023

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Binance is seeking a license to offer cryptocurrency services in Singapore once more, focusing on institutional clients rather than retail investors. According to reports, the world’s largest crypto exchange is planning for its custodial arm, Ceffu, to apply for a permit to provide...