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Singapore

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13 Jun 23

Sygnum Singapore gets approval to offer crypto services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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 […]
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08 Jun 23

Circle receives digital token license in Singapore

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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 […]
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17 May 23

Coinbase debuts feeless USDC trading in Singapore

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 feeless USDC trading for its Singapore customers in a statement issued on […]
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18 Apr 23

Luno exits Singapore amid growing scrutiny, Babel extends creditor protection

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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 […]
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29 Mar 23

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

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 female investors, high-income earners, and young adults.  Empowered women rewrite the crypto […]
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07 Mar 23

Singapore investigating Do Kwon’s Terraform Labs

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 investigations relating to Terraform Labs have started. However, details about the nature […]
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