Singapore

Bitcoin

Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist

When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."

Business  ·  10 September 2020
Singapore

HSBC and Singapore Exchange Execute Successful $300M Digital Bond Issuance

Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.

Business  ·  1 September 2020
CoinFlash

Singapore’s Central Bank Backs New Code of Practice for Crypto Companies

The guidance is aimed at assisting regulatory compliance and enhance crypto industry conduct under the city-state's payment laws.

Policy & regulation  ·  14 August 2020
CoinFlash

Singapore May Extend Crypto Regulation to Include Overseas Activities

Under the central bank's proposals, Singapore regulation would end up covering the overseas activities of locally based crypto companies.

Policy & regulation  ·  21 July 2020
Singapore

Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures.

Tech  ·  13 July 2020
Crime

Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin

Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.

Policy & regulation  ·  3 July 2020
Bitcoin

Singapore Begins Crackdown on Unlicensed Bitcoin Sellers

Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales.

News  ·  24 June 2020
Cryptocurrency

Singapore Ride-Sharing App Lets Customers Pay With Bitcoin

Singapore-based Ryde announced it will be the first ride-hailing service to incorporate bitcoin payments into its own app.

Tech  ·  17 June 2020
Singapore

Gemini Plots Singapore Expansion With Appointment of New Asia Director

Gemini has appointed a new Managing Director of Asia-Pacific, and is now applying for a license to operate in Singapore.

News  ·  11 June 2020
Lending

Genesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker

Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t.

Business  ·  21 May 2020
Exchanges

Exchange Run by Ex-Morgan Stanley Team Drops Trading Fees for Subscription Model

The subscription model offers smaller frequent traders a flat fee monthly, something normally only major clients get.

Markets  ·  13 May 2020
Singapore

Singapore Won’t Tax Airdrops or Hard Forks Under New Crypto Guidance

Singapore’s tax authority has clarified how it taxes the transaction of payment, utility and security tokens.

News  ·  20 April 2020
Exchanges

Huobi Exchange Plots Return to US Crypto Market as Soon as This Month, Exec Says

Global crypto exchange Huobi could resume business in the U.S. as early as this month, five months after ceasing operations there, an executive said.

Business  ·  8 April 2020
Coinbase

Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime

Cryptocurrency firms can continue operating but must apply for a license by summer under new rules

Policy & regulation  ·  27 March 2020
Exchanges

Bybit Enables Two-Way Margin Trading With Perpetual Contracts Quoted in Tether

The Singapore exchange is adding tether (USDT) perpetual contracts to simplify account management and allow two-way trades.

Markets  ·  24 March 2020