Explained
Singapore is tightening its grip on crypto misconduct. Under new rules, unlicensed promotions or shady practices could lead to steep fines or prison time.
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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The $600 million treasury announcement came on the same day Nasdaq-listed ophthalmic technologies firm Eyenovia shared plans for a Hyperliquid token treasury.
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Malaysia unveils a regulatory sandbox for programmable payments and ringgit-backed stablecoins, aiming to position itself as a regional fintech hub.
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The reserve will be funded through stock issuance and other financial instruments, according to the announcement.
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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.
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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.
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Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins.
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