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.
Singapore’s Project Ubin blockchain payments network has completed its fifth and final testing phase and will now be integrated into commercial systems.
A Singaporean man has been fined close to $72,000 for his role in promoting multi-billion OneCoin scam. His efforts led to the recruitment of over 1,000 people.
An unlicensed BTC dealer has been charged in Singapore for facilitating money laundering, could face three years in jail. It’s the first action under new laws.
New framework introduced by Singapore’s tax authority lists an exemption in tax requirements for digital currency-based airdrops.
Asian digital currencies derivatives platform Bitgate has applied for a money services business license with the U.S. FinCEN as it eyes expansion into the U.S.
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.
OKCoin digital assets exchange has launched support for the Singaporean dollar as it seeks to rake in more users from the country. It also opened local office.
The Singapore-based exchange has reassured its users that their funds are safe and that the damage was minimal.
A court in Singapore has effectively ending the crypto exchange’s challenge to an adverse ruling handed down last March.