Singapore Archives - Today News

Crypto Exchange Tokenize Pulls Out of Singapore Over Licensing Roadblock

Leave a Comment / Blockchain News, Singapore / best time

Crypto exchange Tokenize Xchange will shut down its Singapore operations by Sept. 30, following the Monetary Authority of Singapore’s decision to reject its application for a digital payment token licence. The announcement, made on July 20, comes just over a year after the exchange raised $11.5m and revealed plans to expand its local team, local […]

Crypto Exchange Tokenize Pulls Out of Singapore Over Licensing Roadblock Read More »

BTC Digital Buys Million Worth of Bitcoin

BTC Digital Buys $1 Million Worth of Bitcoin

Leave a Comment / Bitcoin (BTC), Ethereum (ETH), News Bytes, Singapore / best time

Singapore-based crypto firm BTC Digital Ltd. (Nasdaq: BTCT), launched its strategic bitcoin ( BTC) and ether ( ETH) reserve programs on Monday, according to a press release. The company says it finished setting up its $1 million ether reserve last week and has now completed the set up for its bitcoin reserve, also worth $1

BTC Digital Buys $1 Million Worth of Bitcoin Read More »

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

Leave a Comment / Asia, Blockchain, ripple xrp, Singapore / best time

Ripple’s XRPL Accelerator is unleashing a powerful new wave of tokenization and enterprise blockchain innovation, driving real-world adoption and massive growth across the XRP Ledger ecosystem. Ripple’s New XRPL Accelerator Set to Reshape DeFi and AI Infrastructure Fast Ripple announced on July 3 a strategic collaboration with global fintech incubator Tenity “to launch a new

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI Read More »

Binance Keeps Remote Staff in Singapore Despite Crypto Licensing Crackdown: Report

Leave a Comment / Binance, Blockchain News, Singapore / best time

Binance reportedly plans to retain hundreds of remote workers in Singapore, even as the city-state moves to tighten rules on digital-asset firms offering services overseas without a license. The Monetary Authority of Singapore (MAS) has given crypto firms incorporated locally but targeting offshore markets until June 30 to either secure a license or halt operations.

Binance Keeps Remote Staff in Singapore Despite Crypto Licensing Crackdown: Report Read More »

Singapore Police Probe 49 Suspects in Crypto-Linked Money Laundering Case

Leave a Comment / Altcoin News, anti-money laundering, Monetary Authority of Singapore, Singapore / best time

Singapore police are investigating 49 individuals for suspected involvement in money laundering schemes tied to crypto accounts, the police announced on June 12. Key Takeaways: Singapore police are investigating 49 individuals accused of selling crypto account access for cash via messaging apps. The suspects allegedly enabled laundering of scam proceeds by handing over login credentials

Singapore Police Probe 49 Suspects in Crypto-Linked Money Laundering Case Read More »

Crypto Exchanges Bitget, Bybit Mull Singapore Exit After License Threat — Where Are They Headed Next?

Leave a Comment / Bitget, Blockchain News, Bybit, Singapore / best time

Two major crypto exchanges, Bitget and Bybit, are reportedly preparing to scale back operations in Singapore following a final warning from the country’s central bank that threatens their ability to serve overseas clients. Both firms have operated in the city-state without a full license and now face a June 30 deadline to comply or withdraw.

Crypto Exchanges Bitget, Bybit Mull Singapore Exit After License Threat — Where Are They Headed Next? Read More »

Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire

Leave a Comment / Regulation, Singapore / best time

Singapore’s looming licensing mandate forces offshore-only crypto providers into urgent compliance mode, threatening to cut off unregulated access to tokenized finance and digital asset markets. June 30 Sparks Compliance Race for Offshore-Only Crypto Providers in Singapore The Monetary Authority of Singapore (MAS) issued clarifications on June 6 regarding the scope and application of its regulatory

Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire Read More »

WazirX relocates to Panama after Singapore court blocks restructuring efforts

Leave a Comment / crypto, Exchanges, Featured, Hacks, India, Legal, Panama, Singapore, WazirX / best time

Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal to relaunch operations following a $230 million hack in July 2024. On June 4, WazirX announced that its request for court approval had been denied, saying: “The Honourable Singapore High Court issued an order declining to approve our

WazirX relocates to Panama after Singapore court blocks restructuring efforts Read More »

Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama

Leave a Comment / Blockchain News, India, Singapore, WazirX / best time

The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year’s $234 million hack. Zettai also revealed to the court that in March it had opened a new firm in Panama and

Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama Read More »

Singapore Bans Crypto Service Exports Starting June 30

Leave a Comment / Bitcoin, btcusd, crypto, Crypto News, digital currency, MAS, Singapore / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Local crypto firms in Singapore must stop serving overseas clients with token services by June 30, 2025. The Monetary Authority of Singapore (MAS) made the move clear after listening to feedback on its new rules under the Financial Services and Markets Act

Singapore Bans Crypto Service Exports Starting June 30 Read More »