Crypto exchange COSS acquired, but user accounts still locked
The Singapore-based exchange locked user accounts at the start of 2020, under the guise of updating systems.
The Singapore-based exchange locked user accounts at the start of 2020, under the guise of updating systems.
The country is taking a more severe stance to prevent money laundering through cryptocurrency.
Australian Independent Reserve crypto exchange has expanded into the Singaporean market in a move that it says was informed by the positive regulations.
COSS exchange has suspended trading on its platform abruptly, sparking fears of an exit scam. It however claims funds are safe and it’s just updating its code.
The cryptocurrency exchange has frozen funds of one of its traders after he attempted to withdraw tokens into a privacy wallet.
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.
Singapore feels the crypto industry needs a code to guard against terrorism and money laundering.