Singapore: SBI Digital Markets snags license to offer digital asset services
Following the receipt of the license, SBI Digital Markets plans to create a digital asset securities platform to help operators in traditional finance transition to Web 3.
Latest Singapore News
Singapore court rules Bithumb acquisition case in favor of exchange founder: report
After a years-long deliberation, former Bithumb chairman Lee Jeong-hoon won his lawsuit in Singapore against BK Medical Group chief Kim Byung-kun, who is now mandated to return proceeds from BXA sales.
Singapore to adopt stricter regulations for retail ‘crypto’ investors: MAS chief
Despite several warnings against digital assets, surveys show that many retail investors are still "irrationally oblivious" to the risks of digital currency trading, according to the Monetary Authority of Singapore.
Singapore queries companies as digital asset regulations look to take new turn
Singapore is taking active steps to understand the digital assets market by gaining insights from industry entities as it seeks regulations to curb the risks associated with digital exchanges.
Three Arrows founder calls liquidators ‘inaccurate’ as court approves probe into Singaporean entities
Su Zhu has resurfaced in Thailand to defend himself and Three Arrows Capital, saying liquidators are misleading the court, even as a court sided with them.
Hodlnaut trims workforce by 80% as it attempts to resolve financial woes
Embattled digital currency lender Hodlnaut laid off 80% of its workforce amid its current financial plight brought about by the so-called crypto winter but assured customers that steps are being taken towards recovery.
Troubled lender Hodlnaut applies for creditor protection in Singapore
Hodlnaut is following the path taken by Zipmex and Vauld, two other troubled VASPs which were given three months of breathing space to sort things out.
Zipmex gets 3-month creditor protection in Singapore as investors call out for CEO’s blood
Two weeks since granting Vauld protection, Singapore has extended the same to Zipmex, an exchange whose tie-up with Babel Finance and Celsius was its downfall.
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
Crypto lending platform Hodlnaut, German exchange Nuri latest to fail
The ‘crypto’ collapse continues unabated, with customers of both Singapore-based lending platform Hodlnaut and German digital asset exchange Nuri fearing for the safety of their funds.
Monetary Authority of Singapore plans public consultation to amend stablecoin regulations
The MAS is working on reviewing its approach to digital assets regulations, which will majorly target stablecoins, the Senior Minister and Minister in charge of MAS said.
Vauld granted 3-month creditor protection in Singapore
The collapsing digital asset lender Vauld applied for a six-month moratorium, but the Singaporean judge ruled that this would impact supervision and monitoring.