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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.

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DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services.

Singapore finance authority grants licenses to Independent Reserve and DBS

2021-10-01T08:38:53+01:00

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The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny.

Binance blocks fiat deposits and spot crypto trading for Singapore users

Osato Avan-Nomayo

2021-09-27T11:55:49+01:00

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Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments.

Crypto asset manager Cobo raises $40M to launch DeFi-as-a-service

2021-09-23T02:00:00+01:00

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“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi.

US and Singapore companies collaborating: Okcoin partners with Hodlnaut

2021-09-15T02:00:00+01:00

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The Monetary Authority of Singapore placed Binance on its investor alert list on Wednesday over concerns that the crypto exchange may have violated local paymen...

Binance limits SGD product offerings in Singapore amid regulatory warnings

2021-09-05T15:45:29+01:00

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Binance.US plans to close a major private funding round in the next two months to become more independent from Binance.

Binance CEO says US crypto exchange will go public in three years

2021-09-02T10:03:04+01:00

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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

2021-09-02T06:05:33+01:00

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Thailand's Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.

MUFG boosts its crypto exposure following $41M Zipmex funding round

2021-08-31T11:15:27+01:00

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