Singapore Boosts Fintech Hub with Global Finance Tech Network
MAS granted Gemini, a cryptocurrency exchange, an initial approval to operate as a major payment institution in Singapore. The Monetary Authority of Singapore (MAS) founded the Global Finance and Technology Network (GFTN) as part of its ongoing efforts to establish Singapore as a global hub for financial technology innovation. Singapore Launch Global Financial Technology Network […]
Singapore Investigates Illegal Worldcoin Accounts, Token Sales
Unauthorized Worldcoin accounts are under investigation in Singapore for money laundering and terrorism financing. Gan Kim Yong, the chairman of the Monetary Authority of Singapore (MAS) and the deputy prime minister of Singapore, disclosed an ongoing investigation into a group of individuals who provide third-party sales and acquisitions of Worldcoin accounts and tokens on September […]
BitGo Wins Singapore Approval, Eyes Asian Expansion
This license enables BitGo to provide customers with secure digital asset trading and custody solutions. The regulatory milestone that BitGo has reached is a significant one. The company has taken a significant step toward expanding its presence in the Asian market by obtaining the highly sought-after Major Payment Institution License from the Monetary Authority of […]
South Korea May Reconsider Stance on Bitcoin ETFs
South Korea’s Presidential Office has taken a proactive stance regarding the trading of Bitcoin exchange-traded funds (ETFs). The South Korean financial authority was urged by the office of the president of South Korea to reevaluate the prospect of allowing spot Bitcoin (BTC) exchange-traded funds (ETFs) to be traded in the nation. Formerly, South Korean businesses […]
Singapore MAS Strongly Opposes Spot Bitcoin ETF Listing
Following U.S. approval, the Monetary Authority of Singapore has cautioned ordinary investors against purchasing spot Bitcoin ETFs. With the recent approval of Bitcoin exchange-traded funds (ETFs) in the United States, the Monetary Authority of Singapore (MAS) has advised local individual investors not to buy spot Bitcoin ETFs. In response to questions from CNA, MAS sent […]