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
The MAS chief fintech officer said the successful test was “a big step towards enabling more efficient and integrated global financial networks.”
JPMorgan executes first DeFi trade on public blockchain
Brayden Lindrea
2022-11-03T02:19:33+00:00
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News
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service p...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
Brayden Lindrea
2022-11-02T06:02:28+00:00
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News
Major Asian financial institution DBS Bank has applied DeFi technology to a project backed by the Monetary Authority of Singapore.
Singapore bank DBS uses DeFi to trade FX and state securities
Helen Partz
2022-11-02T04:05:00+00:00
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Newsletter
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like.
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
David Attlee
2022-10-31T21:15:00+00:00
3339
News
The Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment opt...
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
Derek Andersen
2022-10-31T20:45:00+00:00
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News
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia.
EU crypto sanctions against Russia have an unexpected enforcer
Savannah Fortis
2022-10-31T12:20:03+00:00
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News
The lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they we...
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
Turner Wright
2022-10-28T22:35:29+01:00
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News
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.
Singapore's MAS proposes banning cryptocurrency credits
Helen Partz
2022-10-26T11:06:19+01:00
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