“Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier crypto assets such as Bitcoin and Ether,” he sai...
Tag: Singapore
FTX Fallout Led Parliament Probe Into Singapore Government
Editors News Singapore government-owned Temasek writes off its investment of $275M on 17 Nov. Officials would face lots of questions by parliamentary over the losses by Temasek. The effects of Sam Ban...
Singapore Government Faces Intense Scrutiny Over FTX Collapse: Report
Singaporean Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong are facing intense scrutiny from the parliament over FTX investor losses and the due diligence undertaken by state-own...
FTX collapse put the Singapore government in a parliamentary hot seat
The collapse of now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime minister Lee Hsien Loong and deputy prime minister Lawrence...
Singapore Regulator Explains Action Against Binance vs FTX
8 seconds ago | 2 mins read Exchange News MAS has taken any action against Binance rather than FTX. After Binance shut down in Singapore all users switched to FTX. The Monetary Authority of Singapore ...
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The ce...
UK and Singapore Renew Commitment to FinTech Goals
The United Kingdom and Singapore today agreed to a Memorandum of Understanding (MoU) aimed at boosting financial technology (FinTech) trade and cooperation between the two nations. At the 7th Financia...
Amber Group co-founder Tiantian Kullander dies
Amber Group co-founder Tiantian Kullander has died. He passed away in his sleep on Nov. 23. Known as TT, Kullander helped found Amber in 2017 and turn it into a major crypto market maker worth a...
Rich Asians Not Crazy About Credit Suisse Worries
Singapore’s iconic promenade and skyline. ROSLAN RAHMAN/AFP via Getty Images Singapore has a message for those betting 2023 will be a better year for the global economy: not so fast. On Wednesda...
Singapore police allegedly investigate Hodlnaut
It has been claimed that the authorities in Singapore are looking into allegations of cheating and fraud involving the cryptocurrency lender Hodlnaut. There were multiple complaints lodged against the...
Singapore Initiated Fraud Investigation into This Crypto Lender
According to the reports, the Commercial Affairs Department began the investigation into Hodlnaut Pte. Ltd on November 23, 2022. Hodlnaut, a Singapore-based crypto lender, and/or its Directors are rep...
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud. According to reports published in local media, the police’s commercial affairs d...
Singapore Launches Probe Into Crypto Lending Platform Hodlnaut
32 mins ago | 2 mins read Defi News With the collapse of the Terra ecosystem earlier this year, Hodlnaut allegedly lost $190M. Singaporean authorities have tightened their control over the country’s c...
Hodlnaut faces Singapore police investigation for alleged fraud
Crypto lending platform Hodlnaut is under police investigation in Singapore for alleged fraud and cheating three months after freezing client withdrawals and filing for protection from creditors. ...
Singapore Bank DBS Completes Fixed Income Trade on JPMorgan’s Blockchain Network Onyx
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Blockchain Fest Singapore 2023 Announces Sponsorship
[Singapore] On 16-17 February 2023, thousands will descend on Marina Bay Sands Convention Center, Singapore, for attending Blockchain Fest Singapore 2023, the most interactive event on Blockchain, Exc...
Crypto firm Eqonex files for Voluntary Debt Restructuring in Singapore
Cryptocurrency firm Eqonex has filed a voluntary application with Singapore’s High Court to place the company into judicial management. The crypto financial services firm filed a report with the Unite...
After FTX Collapse, Binance Faces Fresh Probe In Singapore
Binance Singapore Probe News: In the wake of the FTX meltdown and global regulatory scrutiny, top crypto exchange Binance is under investigation by the Singapore authorities. According to reports, a f...
Binance Faces Examination In Singapore Following The Collapse Of FTX
The collapse of FTX crypto exchange is brewing several reactions both within and outside the crypto industry, such as the recent probe on Binance. First, from the sudden meltdown of the firm, an insol...
South Korea, Singapore, Japan Among the Most Affected Nations In The FTX Storm
South Korea, Singapore and Japan among the Top 3 nations adversely impacted by the FTX crash. Total market capitalization declined, benefiting other major crypto exchanges. Major cryptocurrencies, BT...
Singapore Police warns investors about post-FTX phishing scams
Singaporean Police have warned that scammers are targeting investors still hurting from the losses brought on by the recent bankruptcy of cryptocurrency exchange FTX. According to local news outlet Ch...
Singapore Ponders Over Impact Of The FTX Contagion ⋆ ZyCrypto
Advertisement     In response to media queries, the Monetary Authority of Singapore (MAS) was neither licensed nor exempted from licensing and did not operate in Singa...
New Report Shows South Korea And Singapore Badly Impacted Amidst FTX Contagion
The FTX collapse might prove to be the biggest disaster in the history of cryptocurrency. Since the news of the exchange’s insolvency issue, a lot has happened in the industry. The fallout spread like...
South Korea and Singapore Hit Hardest by FTX Collapse: Report
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using FTX.US, not the i...
Singapore Police: Red Alert For Investors Over FTX Phishing Frauds
Singapore police alarms investors to stay away from scam websites claiming themselves as well wishers. Fake articles to attract local investors and become their victims. Singapore regulation and the r...
Singapore Airlines And Golden Door Grow Partnership; Spa Meals Now On More Flights
Phase two of the chef-designed and wellness-themed dining is coming to more Singapore Airlines … [+] flights. Singapore Airlines Golden Door and Singapore Airlines launched a partnership a year ...
Singapore police warn investors against FTX phishing scams: Report
The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. On Nov. 19, the police issued...