Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]
BitGo Expands to Singapore to Enhance APAC Services
BitGo launched a Singapore subsidiary to offer trading and settlement services, strengthening its presence and enhance APAC services. BitGo, a crypto custody firm, established a Singapore subsidiary on Thursday, November 21, with the objective of expanding its presence in the Asia-Pacific region by offering trading and settlement services. This announcement was made in a press […]
OKX Launches Instant, Zero-Fee SGD Deposits, Withdrawals
Users of OKX can now deposit and withdraw Singapore dollars without incurring fees through PayNow and Fast and Secure Transfers. On Monday, November 18, the cryptocurrency exchange OKX announced in a press release that it would offer Singapore dollar deposits and withdrawals with no fees via PayNow and Fast and Secure Transfers. According to the […]
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 […]
Gemini Achieves Key Regulatory Approval in Singapore
Gemini secured In-Principle Approval from Singapore’s Monetary Authority for a Major Payment Institution license, allowing it to offer expanded digital asset services in Singapore. The cryptocurrency exchange Gemini announced in a blog post on Tuesday that it has secured In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) […]