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The Parliament of Singapore passed new measures on Tuesday that force domestically registered companies operating abroad to obtain a license

Blockworks exclusive: The DeFi protocol now allows the ability for individuals in the country to receive loans ranging from $500 and $6,000

Cake DeFi Ventures will focus its investments across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will benefit its core business

Two major ATM operators, Daenerys and Deodi, have already pulled their bitcoin machines in compliance with Monetary Authority of Singapore’s new guidelines

Providers are now barred from promoting their services to the public except through their official social media accounts and websites.

Singaporeans are being asked to participate “responsibly” inside the metaverse in the face of potentially increasing regulation

“NIUM allows us to provide crypto and fiat acceptance at even more competitive prices and tap into lucrative new markets where we know there is serious demand,” Alchemy Pay CEO John Tan said.

The company rejects a Bloomberg report that the license withdrawal was due to a lack of have sufficient anti-money laundering controls

The exchange giant announced it will cease efforts to obtain its own license from the Monetary Authority of Singapore, following an investment in a regulated exchange, and plans to shut down its Binance.sg service in February, 2022

Tether seems to be a regional favorite, but regulated Circle wants to change that.