News
The reserve will be funded through stock issuance and other financial instruments, according to the announcement.
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Singapore News
Singapore, known officially as the Republic of Singapore, is a city-state located on an island in Southeast Asia. Singapore has a strong economy with a favorable investment climate, a competitive environment and a high level of education. Although Singapore has regulations around the industry, the country is commonly known for showing positivity toward blockchain and crypto. Regarding fintech, Singapore has a bustling scene. In Singapore, cryptocurrency trading is prevalent.
The country’s central bank, the Monetary Authority of Singapore, or MAS, has put forth a number of efforts relating to crypto regulation. A sign of its leadership in innovation, Singapore’s government was discussing Bitcoin taxes back in 2014, in the asset’s early days.
- News
Ant International plans to apply for stablecoin licenses in Hong Kong and Singapore, signaling growing fintech interest in regulated crypto payment systems, Bloomberg reported.
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Singapore’s ousting of unlicensed firms was not a sudden move and it’s among several regions tightening licensing duties.
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The Monetary Authority of Singapore has effectively banned most crypto firms from serving only foreign clients by requiring a license, which it says it will “generally not issue.”
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India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui.
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Singapore’s central bank has set a June 30 deadline for local crypto firms targeting overseas markets to halt operations or face steep penalties, including fines of almost $200,000.
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Singapore’s crypto awareness reached 94%, but ownership dropped to 29% in 2025 from 40% a year earlier as investors shift strategies.
4674 - Analysis
Several countries have announced multibillion-dollar plans to build out the world’s crypto hub, but five of the world’s financial centers stand out.
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Liquidators from KPMG have been appointed by court order to oversee the bankruptcy proceedings of the Multichain Foundation.
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The new partnership aims to combine Grab’s expertise in crowdsourced mapping with Natix’s DePIN model that rewards users for providing decentralized data input.
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The preliminary injunction blocking Bitcoin purchases is connected with a broader dispute surrounding a merger with Fatbrain AI that went sour in October last year.
25607 - News
Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins.
5400 - News
Futures have emerged as a growing crypto trend, with major global groups, such as SGX and Japan’s Osaka Dojima, reportedly looking to introduce Bitcoin futures in 2025.
7758 - News
“By integrating stablecoin payments, we’re not just embracing the future — we’re shaping it,” a Metro Store executive reportedly said.
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A former payroll manager for Bybit who stole $5.7 million from the crypto exchange has been handed a nearly 10-year prison sentence in Singapore.
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