MAS Managing Director Says Singapore Has No Plans to Ban Bitcoin
The Singapore Monetary Authority’s chief, Ravi Menon, sees a lot of promise in the bitcoin market. As a result, he said that the local regulator will not outright prohibit the asset class, but will instead establish a proper regulatory framework. Singapore , according to the CEO, has the potential to become a worldwide leader in […]
Despite regulatory uncertainties, Binance grows its foothold in Ireland
Binance has established a new location in Ireland, amidst a burgeoning spot market and tightening regulatory controls. After forming Binance (Ireland) Holdings last year, the popular cryptocurrency exchange has registered three companies in the previous ten days. The exchange, on the other hand, needed a market boost because it had to shut down operations in […]
Singaporean authority licenses two companies to provide digital payment services
The Monetary Authority of Singapore (MAS), Singapore’s main financial regulator, has allowed DBSV and Independent Reserve companies to provide cryptocurrency and digital payment services in the country. Under the Payment Services Act, the MAS granted Independent Reserve and DBS Bank ‘s brokerage arm, DBS Vickers (DBSV), licenses to conduct digital payment token services on October […]
Binance prohibits Singapore users from making fiat deposits and spot crypto trading
For users in Singapore, Binance has made some improvements to its crypto trading services. Singapore-based users will be geo-fenced from certain account functionalities on the Binance.com website , according to a message posted on the website on Monday. Fiat deposits, crypto spot trading, liquid swap, and crypto purchases via fiat channels will no longer be […]
Binance puts a hold on product offerings in Singapore
Binance global cryptocurrency exchange stated on Sunday that its Singaporean users will no longer be able to trade or receive payments in the Singapore dollar (SGD). According to a Sunday blog post, Singaporeans will no longer be able to trade cryptocurrencies or receive payments denominated in the Singapore dollar, also known as SGD. Binance’s mobile […]