Singapore

Regulation

Crypto Payments Firm Halts Operations Citing Singapore’s New Regulatory Regime

Singapore-based Coinpip said it has "suspended operations" while it looks at becoming licensed under new AML rules.

Business  ·  13 March 2020
Singapore

Draper-Backed Exchange in Lockdown Following ‘Sophisticated’ Attack

Coinhako has restricted user accounts since last Friday following an "attack," but has not released many details around the incident.

News  ·  27 February 2020
Exchanges

Singapore’s Court of Appeals Rules Against Quoine Exchange in Landmark Crypto Case

The digital currency exchange had unlawfully reversed seven trades after its system erroneously allowed a trader to sell ether at an inflated price, the court decided.

Markets  ·  25 February 2020
Exchanges

Binance CEO Says Crypto Exchange Has Applied for a Singapore License

The world's top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore.

Policy & regulation  ·  17 February 2020
Funding Rounds

Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

Clear claims it can reduce friction in global trade that amounts to $140 billion every year.

Business  ·  6 February 2020
Markets

Singapore Clears Securities Token Platform iSTOX for Full Trading

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has greenlit a blockchain-based platform iSTOX to trade tokenized capital market securities such as equity and bonds.

Markets  ·  3 February 2020
Regulation

Singapore Announces New AML Rules for Crypto Businesses

Singapore’s newly enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counterterrorist-financing (CTF) rules.

Policy & regulation  ·  28 January 2020
Exchanges

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Independent Reserve will expand to Singapore to take advantage of its "overwhelmingly positive" regulatory response.

News  ·  24 January 2020
Singapore

Ex-Morgan Stanley Executives Launch Crypto Derivatives Platform in Singapore

A team of Morgan Stanley veterans have launched a crypto derivatives trading platform, claiming it is faster and more secure than some of the market’s biggest players.

Business  ·  5 December 2019
Banking

HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets

A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.

Business  ·  13 November 2019
Banking

MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity

Working with JPMorgan and Temasek, Singapore's central bank has developed a prototype blockchain-based cross border payments system.

Policy & regulation  ·  11 November 2019
Regulation

The State of Security Token Regulations in Asia

Some Asian countries have gone a long way toward shoring up their rules and regulations around cryptocurrencies and security tokens.

Policy & regulation  ·  6 September 2019
Singapore

Hong Kong’s HashKey Capital Invests in Terra’s Mining Token

It is the eighth funding event in thirteen months using the mining token.

Markets  ·  26 August 2019
Binance

Exchange Behemoth Binance Opens Singapore Branch

This is the third exchange within the Binance ecosystem, including Binance Uganda and Binance Jersey.

Markets  ·  10 July 2019
Singapore

Singapore’s Tax Agency Proposes to Exempt Cryptos From GST

Singapore's tax authority aims to stop applying goods and services tax (GST) to cryptocurrency transactions.

Markets  ·  8 July 2019