The move provides an opportunity to get ahead of the regulatory curve – a sore point for the exchange in recent weeks.
The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.
More than a third of Singaporeans who don't hold any cryptocurrencies plan to invest in digital assets in the next year.
The digital currency exchange said the approval relates to becoming a regulated provider for digital payment token services.
Teng, who has become a member of the board, brings a wealth of experience from the financial and fintech sectors across multiple countries.
Singapore received an Independent Reserve Cryptocurrency Index score of 63 for crypto awareness.
Coinhako was launched in 2014 with backing from venture capitalist Tim Draper.
Companies apply under the Payment Services Act, a comprehensive regulatory framework for companies handling activities relating to digital assets, including payments and trading.
Through its 100% ownership of Moonstake, OIO will receive a commission of up to 0.5% of staking assets.
The DBS Digital Bond, issued via its Digital Exchange (DDEx), has a sixth-month expiry and a coupon rate of 0.6% per annum.
Tribe has also attracted new strategic investments from international VCs and added Pfizer as a network partner.
The statement came days after Prime Minister Lee Hsien Loong was caught up in a token scam on blockchain social media platform BitClout.
The legally non-binding agreement indicates the two firms intend to build a strategic STO.
The city state's Government Technology Agency (GovTech) and Ministry of Health (MOH) have developed a set of open-source digital standards used to issue COVID-19 test results, known as HealthCerts.
Spartan Group's new fund has raised over $30 million in its first round, with a further $20 million expected to be raised in March or April.