Binance announced that it would cease Singaporean trading pairs and payment options. It would also remove its trading app from the Google Play Store and Apple App Store for Singaporean users.
Singapore has prohibited the cryptocurrency exchange from offering payment services in the country, while South Africa has issued a warning against Binance.
The Global CBDC Challenge was geared towards discovering and developing retail central bank digital currency solutions that will benefit the world.
When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).
Australian digital currency exchange Independent Reserve received the regulatory go-ahead under the provisions of the Payment Services Act, which was brought into law in January 2020.
The Global CBDC Challenge focuses on enhancing the effectiveness of payment and stimulating financial inclusion through the discovery of innovative retail ideas driven by the CBDC solution.
The Monetary Authority of Singapore has pledged S$42 million towards modernizing the country's financial digital infrastructure, including a new regulatory technology grant scheme.
The Monetary Authority of Singapore has issued a warning following a scam that saw Prime Minister Lee Hsien Loong embroiled in a token fraud on a local token trading platform.
The Monetary Authority of Singapore has proposed a new law that will give it oversight over companies even if they don’t offer services in the country.
Digital Asset exchanges who have applied for licenses will be allowed to continue operating legally until at least the end of July.
The Monetary Authority of Singapore has issued an update on its AML and CFT guidelines, this time outlining regulations for the digital currency industry.