Singapore to venture into cryptos, NFTs and Metaverse with caution
One Singaporean Minister says, the government is “closely studying” NFTs and Metaverse, while another official has cautioned the public over crypto investment scams. In a written reply to a question from a parliament member, the Minister for Communications and Information S Iswaran said the government is tapping these “early-stage” technologies’ characteristics and risks. “The Government […]
MAS fails to issue licenses to 100 digital payment token services in Singapore
The Monetary Authority of Singapore (MAS) fails to issue licenses to more than 100 digital payment token services in Singapore due to what appears to be strict regulation. More Digital payment token services in Singapore fails to obtain licenses from MAS More than 100 of Singapore’s 170 “digital payment token businesses” are said to have […]
Binance Withdraws Application for License in Singapore
After announcing a “refocus” of its ambitions in Singapore, Binance has withdrew its application for a license Binance withdrew its application for a Singapore license Binance, a cryptocurrency exchange, has withdrawn its application for a Singapore license. The development follows the exchange’s declaration that it will “refocus” its activities in Singapore to become a “blockchain […]
Singapore revokes Bitget exchange license over K-POP campaign
According to sources, Bitget reacted to the announcement by stressing that as a trading platform, they did not develop the coin and will have no responsibility for it. The Monetary Authority of Singapore has allegedly stopped Bitget , a Singapore-based digital asset marketplace, following a disagreement with an agency for the popular K-Pop boy band […]
Singaporean virtual currency exchange Coinstore begins operation in India
Singaporean crypto exchange Coinstore has allocated a $20 million fund to start its operation in India, the exchange hopes to set up three new offices in Bangalore, Delhi, and Mumbai. Coinstore has announced the debut of its web and app platforms in India for spot and futures trading, providing Indian investors with a new crypto […]