Singapore-based Zipmex exchange suspends withdrawals citing market conditions
Zipmex offers both digital assets spot trading and an interest-bearing account service that offers users up to a 10% annual percentage yield.
Latest Singapore News
Singapore MAS mulls more restrictions on digital assets trading platforms
The Minister in charge of MAS noted that the new restrictions include limiting retail participation in digital assets trading and rules on the use of leverage when transacting via digital currencies.
Singapore vows to be ‘unrelentingly hard’ on bad behavior in digital assets market
Sopnendu Mohanty also said that the MAS would enforce a "painfully slow" and "extremely draconian due diligence process" for digital assets firms to gain licenses to operate in Singapore.
Singapore collaborates with finance industry to explore digital currency use cases
The project will develop and pilot use cases focused on four main areas: open, interoperable networks, trust anchors, asset tokenization, and institutional-grade DeFi protocols.
Singapore scales digital currency regulations as MAS gets additional power
Digital asset firms registered in Singapore but operating outside the country will now be under the jurisdiction of the Monetary Authority of Singapore under the new law, which is sparking debate.
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.
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.