Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins.
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.
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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.
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“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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Robinhood reportedly plans to service Singapore through Bitstamp, which it agreed to buy in 2024.
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Want to buy Bitcoin in Singapore? This guide covers trusted methods, key steps and safety tips to start your crypto journey confidently.
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A US court has overturned the sanctions on privacy protocol Tornado Cash in a significant legal development for crypto.
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Komainu Holdings has secured $75 million in Bitcoin funding from Blockstream to expand globally, integrate advanced crypto tech and establish a BTC treasury for risk management.
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Singapore-based users claim that Polymarket has been blocked, citing the Gambling Control Act 2022, which prohibits betting with unlicensed operators.
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GSR has secured dual regulatory approval in the UK and Singapore, expanding its crypto trading services for institutional clients.
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Singapore’s crypto-friendly regulations and doubling of licenses in 2024 position it as a growing hub for blockchain innovation.
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A composite index by ApeX Protocol ranked the most blockchain-friendly regions based on patents, jobs and crypto exchanges.
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The Asia-Pacific region has key potential to lead in Web3 and artificial intelligence innovation.
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The companies indicated plans to expand their partnership to the United Kingdom and other European countries in the coming months.
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This week’s Crypto Biz explores Singapore Gulf Bank’s plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgerald’s stake in Tether and the first DOGE ETP.
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