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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 […]

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

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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.

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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

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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

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

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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

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Singapore Bans Crypto Service Exports Starting June 30

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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

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Singapore Finalizes Crypto Rules—Firms Serving Overseas Must Comply by June

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Singapore is mandating crypto service providers operating locally but serving overseas customers to get licensed or exit by June, with no grace period or phased rollout. Singapore Gives Crypto Firms Until June 2025 to Comply, Without Grace Period or Tiered Rollout The Monetary Authority of Singapore (MAS) finalized its position on May 30 regarding the

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A Token Behind Zilliqa’s Sharding

Leave a Comment / Blockchain, Contract, Decentralization, developers, Platform, Proof-of-work, Singapore, smart contract, Token, Transaction / best time

Zilliqa (ZIL) is a high-throughput blockchain platform that aims to provide fast and scalable solutions for decentralized applications (DApps) and enterprise use cases. Zilliqa was developed by a team of researchers from the National University of Singapore and was launched in 2017. Zilliqa is one of the first blockchain platforms to implement sharding, a

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Partnership Signed to Enhance Blockchain-Powered Trade Between Malaysia and Singapore

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MYEG, a Malaysian e-government and digital services provider, has signed a Memorandum of Understanding (MoU) with Sgtradex, Singapore’s national digital infrastructure for trade data exchange, to facilitate seamless blockchain-powered trade between Malaysia and Singapore. The agreement, signed at the ASEAN-GCC-China CEO Roundtable, aims to enhance digital connectivity in the ASEAN region by enabling interoperable, cross-border

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Singapore Crypto Awareness Hits High Despite Ownership Dip

Leave a Comment / Crypto News, Cryptocurrency, Singapore / best time

Cryptocurrency ownership in Singapore has decreased, with nearly half of crypto users selling their holdings, as reported by the Independent Reserve Cryptocurrency Index. The percentage of residents owning crypto fell from 40% in 2024 to 29% in 2025, primarily due to profit-taking and portfolio rebalancing. Bitcoin, Ethereum Most Preferred Cryptocurrency ownership in Singapore has trended

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