In a groundbreaking move, Bitstamp, one of the oldest crypto exchanges, has secured a Major Payment Institution (MPI) license in Singapore. This marks a significant step in its APAC expansion strategy, especially after its recent acquisition by Robinhood. Here’s what this means for the crypto world. Why is Bitstamp’s MPI License in Singapore a Big […]
Get ready for some significant news in the digital asset space! Trident Digital, a Web3 company based in Singapore, has announced a truly eye-catching plan: they intend to hold up to $500 million worth of XRP. This isn’t just about acquiring a large sum of a popular cryptocurrency; Trident’s approach involves a specific digital asset […]
Get ready for a potentially significant development in the world of fintech and cryptocurrency. Ant Group, the powerhouse affiliate of Chinese tech giant Alibaba, is reportedly setting its sights on the stablecoin market, planning to apply for licenses in two key Asian financial hubs: Hong Kong and Singapore. This move signals a potential new chapter […]
The cryptocurrency world is abuzz with significant news from Singapore. Two major players, Bybit and Bitget, are reportedly planning their departure from the city-state. This development stems from a stringent stance taken by the Monetary Authority of Singapore (MAS) regarding offshore crypto services, marking a pivotal moment in Singapore crypto regulation. What Triggered the MAS […]
Are you involved with crypto firms operating in or from Singapore? If so, a significant change is coming that demands your attention. Starting June 30, Singapore is implementing stringent new regulations that will impact digital asset service providers globally. Understanding the New Singapore Crypto Rules Singapore’s Monetary Authority (MAS) is tightening its grip on the […]
The crypto world is watching closely as WazirX, a prominent crypto exchange, faces a significant setback. The Singapore High Court recently delivered a crushing blow by rejecting the exchange’s proposed restructuring plan. This decision sends ripples through the community, particularly for users affected by a major hack and those hoping for a path to recovery […]
Singapore has cemented its position as a major hub for cryptocurrency and blockchain innovation. However, with growth comes the need for clear rules. A significant development in Singapore crypto regulation has just been announced, sending a clear signal to firms operating in the space. What Did Singapore’s MAS Announce About Unlicensed Crypto Services? The Monetary […]
Big news from Singapore! Global asset management giant Franklin Templeton has just received the green light from the Monetary Authority of Singapore (MAS) to launch a groundbreaking tokenized fund. This isn’t just any fund; it’s set to be the first of its kind in Singapore specifically designed to target retail investors. Get ready, because this […]
The world of finance is constantly evolving, and the integration of digital assets into traditional systems is accelerating. For businesses operating internationally, efficient and cost-effective foreign exchange (FX) settlement is crucial. This is where **stablecoin payments** are poised to make a significant impact. In a move set to potentially reshape how companies handle global transactions, […]
Cryptocurrency enthusiasts in India are holding their breath as WazirX, a prominent Indian crypto exchange, sets its sights on a potential comeback. After a devastating $234 million hack in July 2024 sent shockwaves through the crypto community, WazirX is now pinning its hopes on a Singapore court decision to pave the way for a triumphant […]
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