Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. Amid apparently…
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More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central bank, the Monetary Authority of…
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Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform. Crypto exchange Binance has withdrawn its application with the Monetary Authority of Singapore (MAS) for a digital payment token services license. On Monday, Binance.sg stopped onboarding new users…
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The crypto exchange giant Binance says that it will shut its Singapore exchange and “refocus” its Singapore-based Binance Asia Services operations into what it calls a “blockchain innovation hub.” The move comes just days after the Singaporean subsidiary announced an investment in the Singapore-based Hg Exchange trading platform…. Read More: Binance Repositions In Singapore,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: USD 3B Crypto Trading Floor, Bitmart Resumes Ethereum Withdrawals + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Binance’s most recent acquisition is still subject to some regulatory requirements. Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX). On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated…
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Singapore’s Coinstore crypto exchange has allotted $20 million to open three new offices in the Indian market. Despite India’s unpredictive stance toward crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20-million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai. Coinstore announced to launch its web and…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: Canada & Tanzania CBDC Plans, Celebrity NFT ‘Concierge Service’ + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The new Bitcoin funds aim to provide simple and secure exposure to Bitcoin for professional investors. Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS). The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple…
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