Zipmex seeks 2-month moratorium extension from Singaporean court
Zipmex notes that in addition to the application for a 2-month moratorium, the exchange is currently shopping for new investors "in order to maximize returns for customers."
Zipmex notes that in addition to the application for a 2-month moratorium, the exchange is currently shopping for new investors "in order to maximize returns for customers."
After laying off 35% of its staff in January, Luno is now ceasing its services in Singapore amid increased regulatory scrutiny in the city-state.
The MAS is in a working group with banks and authorities to develop standards for banks to onboard VASPs; however, it all lies with the bank’s risk appetite.
Germany’s Federal Financial Supervisory Authority is reportedly investigating the Singapore-based Crypto.com for failing to deliver on its promise to secure a formal partnership with local brokerage CM-Equity.
The Singapore High Court has approved the creation of an “Administrative Convenience Class” made up of creditors with assets under $5,000 in their Z Wallets.
The consultation papers dealt solely with proposals designed to protect investors from the risks associated with dabbling in digital currencies in the wake of several collapses.
Hodlnaut founders Simon Lee and Zhu Juntao say they have been reaching out to potential investors in search of a buyer as they attempt to avoid liquidation.
The UPI-PayNow integration will provide a seamless cross-border transaction between India and Singapore, with citizens of both nations being able to make payments using phone numbers or VPA.
Singapore's fintech industry is booming, registering a 75% increase in funding from 2020, with deals that cut across mergers and acquisitions, private equity, and VCs, among others.
Shanmugaratnam warned regulators about legitimizing "speculative" digital assets but stressed that he wouldn't hinder consumers from participating in activities tied to virtual currencies.
Clients of Hodlnaut are being urged by Singaporean authorities to file complaints if they have suffered losses from the company's alleged fraud and misrepresentation as the firm undergoes probe.
Critics have taken swipes at the Monetary Authority of Singapore for placing Binance on the Investor Alert List in the past, wondering why FTX was not included in the list.