GXS is currently allowed to serve retail and corporate clients and is now adding a savings account that does not require a minimum sum, as traditional lenders do, alongside interest that will be earne...
Tag: Singapores
Singapore’s Temasek to Lead Animoca’s $100M Funding Round
The blockchain gaming powerhouse – Animoca Brands – has raised $100 million in a funding round from Singapore state-owned Temasek. As per Bloomberg’s report, Temasek will be financing the round throug...
Singapore’s Regulator Is Set to Introduce Stricter Rules for Crypto Retail Investors – crypto.news
All over the world, the rise in and adoption of cryptocurrencies is unprecedented, and with the increase comes greater scrutiny of the industry. Accordingly, Singapore is considering implementing new ...
Singapore’s MAS To Introduce Restrictions Over Crypto Trading
Bitcoin News Ravi Menon claims that the promise of substantial cost hikes is what draws them in. Despite warnings and safeguards, consumers are rapidly trading in cryptocurrencies. There is no denying...
Singapore’s Central Bank Labels Crypto Trading “Highly Hazardous”
The Monetary Authority of Singapore (MAS) regards crypto trading as “highly hazardous” for retail investors in the country, according to a statement from the central bank’s managing director, Ravi Men...
Singapore’s Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation
According to Menon, while the digital asset ecosystem uses blockchain, distributed ledger technology and tokenization to allow “anything of value to be represented in digital form, and to be sto...
Singapore’s MAS Considers Tougher Crypto Regulations
The top financial watchdog of the Asian city-state – the Monetary Authority of Singapore (MAS) – reportedly intends to implement additional regulatory steps in the cryptocurrency industry to create ma...
Singapore’s MAS Probes Crypto Firms Ahead of Regulatory Overhaul
The Monetary Authority of Singapore (MAS) is requesting additional information from cryptocurrency firms as the central bank prepares for impending regulatory change. Bloomberg has reported that Singa...
Singapore’s DBS Digital Reports Volume Bounce in Bitcoin Trading
Crypto exchange DBS Digital has reported a doubling in trading volume for the month of June, with buy orders accounting for 90% of trades despite the global selloff. The quantity of Bitcoin bought by ...
Singapore’s crypto lender Hodlnaut shuts down
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...
Singapore’s MAS Will Begin a Public Consultation on Stablecoins
2 hours ago | 2 mins read Altcoin News MAS is actively enhancing its surveillance of the expanding cryptocurrency market. The central bank would soon consult the public on potential stable coin ...
Singapore’s MAS to Open Public Consultation on Stablecoins Soon
Singapore’s apex bank, the Monetary Authority of Singapore (MAS), is ramping up plans to open up discussions with the public for stablecoin regulations. Tharman Shanmugaratnam, Senior Minister and Mi...
Singapore’s watchdog urges financial firms to ‘discourage’ retail crypto trading
Despite the cryptocurrency sector growing exponentially, financial authorities and regulators in some countries remain skeptical of assets such as Bitcoin (BTC), including in Singapore, where the city...
Singapore’s Crypto Exchange Zipmex Restricts Withdrawal till Friday
Zimpex has announced the extension of the suspension of withdrawal till Friday The time of resuming the withdrawals is not specified yet. On Thursday, Zipmex announced to extend its suspension of with...
Vauld, Singapore’s crypto lender, owes retail investors US$363M –
Crypto lending platform Vauld owes creditors US$402 90% of the debt is owed to individual investors Vauld, a Singapore based crypto lending platform owes creditors US$402 million. On July 8, the co-f...
Tighter Crypto Regulations Says Singapore’s Central Bank, Here’s Why
Singapore has decided to strengthen and broaden its crypto regulatory framework amid the crypto downturn. Monetary Authority of Singapore (MAS) is set to toughen the framework on crypto platforms over...
Singapore’s financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not ...
Singapore’s Crypto Fund Manager Gained its Space in Dubai
2 hours ago | 2 mins read Exchange News A license to operate in Dubai has been obtained by Singapore’s Fintonia Group. Ruler of Dubai announces a new Metaverse Strategy. Dubai Virtual Assets Regulator...
3AC collapse throw monkey wrench in Singapore’s crypto endeavors
Asia-Pacific’s crypto hub Singapore is expecting more bailouts like Three Arrows Capital (3AC) and bracing for possible risks in the future. Crypto players in the market expect Singapore to become les...
Singapore’s state investor Temasek releases annual report for 2022
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE —...
Singapore’s Mental Health Startup Intellect Raises $10 Million In Funding Round Led By Tiger Global
Theodoric Chew, cofounder and CEO of Intellect, a Singapore-based mental wellness startup. Courtesy of Intellect Singapore-based Intellect has raised an additional $10 million in a Series A extension ...
Singapore’s GLP Sets Up $5 Billion China Logistics Fund; Taps AIA, Allianz As New Investors
Workers sort packages at a logistics facility in Hengyang in China’s central Hunan province on … [+] November 12, 2018. An e-commerce boom in the country has fueled robust demand for logis...
Singapore’s Finance Regulator Mulls ‘Limits on Retail Participation’ in Crypto
The Monetary Authority of Singapore (MAS) won’t rule out amendments to existing legislation and introduce new rules that would add more restrictions on retail crypto-traders In a written respons...
Singapore’s financial watchdog considers further restrictions on crypto
The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior mini...
Singapore’s Central Bank Wants to Limit Retail Participation in Crypto
Key Takeaways The Monetary Authority of Singapore’s chairman told the Singaporean Parliament today that the central bank may seek to limit retail participation in the crypto markets. It also pla...
Singapore’s watchdog slams Three Arrows Capital for providing false business information
As the cryptocurrency industry continues its bearish struggle, influenced in part by the court-ordered liquidation of Three Arrows Capital (TAC), this doesn’t spell the end of troubles for the Singapo...
Singapore’s changed stance on crypto
? Want to work with us? CryptoSlate is hiring for a handful of positions! As recently as last year, Singapore was positioning itself to become a global crypto hub. But with the downtrend and the liqui...
Singapore’s MAS Grants In-Principle Approval to Crypto.com, Two Others – crypto.news
Crypto.com and two other companies have been granted in-principle approvals by the Monetary Authority of Singapore (MAS). This paves the ground for the three companies to offer their services within t...