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.
Additional participants include Jump Capital, Alameda Research, Uncorrelated Ventures, Eterna Capital, Acheron Trading, Nothing Research and Palm Drive Capital.
Legacy policy might get in the way of a progressive, sound crypto framework, leaving the market to seek stablecoins that approximate a dollar-proxy.
Metaco has been at the center of digital bond issuance in Europe. Now, it has set its sights on Asia adding a Singapore office.