Search Results for: Monetary Authority of Singapore

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Uradnik pravi

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Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Kanada, European Union countries, Singapur, Združeno Kraljestvo., and the…

Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules

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Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares…

Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore

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Singapur’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed: “Danes’s announcement underlines our commitment to Singapore as…

Singapur zahteva podrobne informacije od kripto podjetij pred novimi predpisi, Razkritja poročila

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Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the…

Posojilodajalec kriptovalut Hodlnaut začasno ustavi dvige — podjetje se sklicuje na tržne razmere, Kljub nedavnemu kripto dvigu

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On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope…

Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners

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Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Avstralija, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Avstralija,…

Singapore’s Central Bank: We Want to Be a Responsible Global Crypto Hub

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The Monetary Authority of Singapore (MAS), država’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a…

Southeast Asia’s Largest Bank DBS to Launch Crypto Trading for Retail Investors

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DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital…

100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation

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More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, financiranje terorizma, or proliferation financing due to the speed and…