SBI Group Crypto Arm Wins Singapore Securities License
By / September 16, 2022, 4:16 am EDT

… of Japanese financial services giant SBI Group has received the regulatory nod to offer its securities to institutional clients in Singapore.

SBI Digital Markets, which operates under Tokyo-based SBI Digital Asset Holdings, said its capital markets services (CMS) license will …

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Singapore Says Crypto Ban For Retail ‘Not Likely to Work’
By / August 29, 2022, 5:35 am EDT

… a customer suitability test to trade digital assets, alongside restrictions on leveraged trading

The head of the Monetary Authority of Singapore (MAS), the body overseeing crypto regulations, has conceded banning retail access to cryptoassets is “not likely to work” given its …

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Singapore Mulls Limits on Retail Traders, Leverage After Crypto Collapse
By / July 5, 2022, 7:52 am EDT

Singapore‘s central bank chair says the borderless nature of crypto markets demands global coordination
The message comes three days after Singapore-registered Three Arrows Capital filed for bankruptcy

Singapore‘s central bank is weighing new consumer protections after turbulent markets …

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Three Arrows Capital Misled Regulators in Singapore: MAS
By / June 30, 2022, 7:52 am EDT

Singapore‘s central bank found Three Arrows Capital had misled regulators when signaling it had shifted fund management to the British Virgin Islands
The firm’s Singapore entity also managed more assets than allowed in two prolonged periods over the past …

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Singapore’s ADDX and China Construction Bank Team Up
By / June 23, 2022, 8:08 am EDT

… ways around restrictions that effectively outlaw digital asset ownership.

The deal comes a year after ADDX reached an agreement with Singapore-based fund management company ICHAM, which received a $200 million QDLP allocation through the Chongqing government’s $5 billion quota …

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By / June 22, 2022, 11:41 pm EDT

… the length of the process.

Others, like the digital asset exchange Matrixport whose offices are based in Hong Kong and Singapore, have chartered similar paths, Matrixport co-founder Cynthia Wu confirmed during Blockworks’ Permissionless event in May.

Under Singaporean law, crypto …

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Singapore's ADDX Recognizes Crypto for Accredited Investors
By / June 8, 2022, 2:11 am EDT

Cryptocurrency can be used to deem an individual as an accredited investor in Singapore recognized as net personal assets
An accredited investor needs to meet one of three criteria above a particular financial threshold to qualify

Capital markets platform ADDX said …

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Singapore Central Bank Ready To Try DeFi After Crypto Giants Leave for Dubai
By / May 31, 2022, 6:52 pm EDT

The Monetary Authority of Singapore is partnering with JPMorgan Chase to lead a pilot program exploring DeFi’s potential
Binance, Bybit and have all initiated moves into Dubai

The central bank of Singapore is tapping JPMorgan Chase to help …

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

… orders while increasing the regulator’s scope against VASPs. MAS is both the central bank and financial regulatory authority of Singapore.

“These entities may claim to be headquartered here to take advantage of Singapore’s global reputation,” Alvin Tan, minister of …

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

… the public via any means except through their own websites, social media accounts, or mobile applications

The Monetary Authority of Singapore (MAS) has issued guideline expectations signifying cryptocurrency providers operating within the country should not be allowed to promote their services …

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