Singapore won’t regulate ‘speculative and risky’ NFTs
Singapore’s central bank says that the sector is still nascent and rather than regulating it in its current form, it will take a tech-neutral stance.
Latest Singapore News
Digital currency ATMs in Singapore start shutting down after regulatory crackdown
The Monetary Authority of Singapore recently clamped down on avenues that led investors to get into digital assets on impulse, and ATMs were high on the list.
Monetary Authority of Singapore bans digital currency ads in public places
VASPs must not advertise on public transport venues, broadcast media, third-party websites, or roadshows and must not turn to influencers on social media, according to Singapore’s central bank.
Singapore rejects over 100 licensing applications from digital currency firms
The Monetary Authority of Singapore is rejecting more applications than it is accepting, with only five entities licensed to operate in the country at the moment.
2021—the year Binance would rather forget
2021 has been a troubled year for Binance: it was blocked by many major banks in the U.K., booted out of several countries, and accused of market manipulation and insider trading.
Singapore suspends Bitget exchange after row with K-pop band BTS
Bitget listed and promoted Army Coin, which claimed affiliation with the popular K-pop boyband, but BTS has denied links, and the MAS has suspended license.
The CoinGeek Pulse Episode 69: Craig Wright wins Bitcoin Trial of the Century, Army Coin promoter suspended, Duro Dogs drops on BSV
After more than a week of deliberations, the federal jury finally delivered the long-awaited verdict in the Kleiman v Wright civil trial—Dr. Craig Wright is the sole creator of Bitcoin.
Peru to partner with other countries for CBDC development
Central Bank President Julio Velarde said the government is partnering with countries with more advanced experience in developing its central bank digital currency, such as India, Singapore, and Hong Kong.
Regulated stablecoins have a place in Singapore’s economy: central bank
The Monetary Authority of Singapore is keeping an open mind on digital currencies and stablecoins but says they must go beyond illicit use and mere speculation.
Jack C. Liu closes investment in BOEX.tv, a Perpetual Futures platform built on Bitcoin SV
The investment paves the way for possible future plans like the Relay team collaborating with BOEX to build some kind of onchain sCrypt standard for trading. BOEX has made integrations with Money Button and DotWallet, with other wallet integrations like Volt and RelayX to come.
Binance halts services in Singapore as regulatory noose tightens
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.
Joint CBDC pilot unites Australia, Singapore, Malaysia and South Africa
The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in a central bank digital currency.