The Monetary Authority of Singapore is reported to be preparing to allow cryptocurrency and other digital asset derivatives to be traded on licensed exchanges.
Some of the world’s largest companies including JP Morgan, Nestle, UPS, HSBC, Ant Financial, RBC; all adopted blockchain. And Bitcoin SV celebrated its one year anniversary.
The Monetary Authority of Singapore has completed a blockchain-powered cross border payment system that can handle a wide range of currencies.
Cryptocurrencies will not be considered legal tender under the amendment, but they will be accepted as a medium of exchange for some transaction types.
The Monetary Authority of Singapore (MAS) is preparing to implement new powers created under the Payment Services Act.
Crypto firm Sygnum is reported to be pursuing a banking license in Singapore, immediately after securing the same license in Switzerland.
South Korean cryptocurrency exchange Bithumb is making its debut in Singapore via a deal with Bitholic, a local crypto trading platform.
The plan to cut GST on crypto would not only benefit crypto enthusiasts but also the entire Bitcoin ecosystem in Singapore would be given a boost.
The Inland Revenue Authority of Singapore has prepared drafted regulations that details the country’s goods and services tax in relation to crypto transactions.
Meeting a huge demand, sgCarMart’s Ocean Protocol hopes to shine a light on the used car market of Singapore.