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Singapore Crypto Firms Operating Abroad Must Now Be Licensed Under New Law
By / April 5, 2022, 6:00 am EDT

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

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Teller Finance Introduces DeFi-Native Lending Market in Singapore
By / March 24, 2022, 12:01 pm EDT

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

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Singapore-based Cake DeFi Launches $100M in Capital for Venture Arm
By / March 9, 2022, 9:09 am EST

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

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Singapore to Shut Down Bitcoin ATMs Following Central Bank Guidelines
By / January 20, 2022, 4:25 am EST

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

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Singapore Issues Guidelines Targeting Crypto Promotions to General Public
By / January 18, 2022, 4:00 am EST

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

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Singapore Seeks to ‘Balance’ Economic Innovation While Shielding Public From the Metaverse
By / January 12, 2022, 7:00 am EST

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

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Alchemy Pay Adds Direct Fiat On-ramps via Partnership With Singapore Fintech, NIUM
By / January 10, 2022, 8:16 am EST

“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.

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Binance Says Singapore License Withdrawal Due to ‘Redundancy’ not AML Shortcomings
By / December 17, 2021, 7:48 am EST

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

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Binance Asia Will End Service in Singapore
By / December 13, 2021, 7:29 am EST

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

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Circle’s New Singapore Hub to Enhance USDC Use in Asia
By / November 10, 2021, 7:22 am EST

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

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