Singapore Police Warns Businesses of Ransomware Risk
In light of the Akira ransomware in Singapore, the police have advised businesses against paying ransom in case of a compromise and asked them to report the incident immediately. The Akira ransomware variant is rising, prompting Singaporean authorities to jointly advise local enterprises. Akira, the ransomware that inflicted $42 million in losses on more than […]
McDonald’s Metaverse ‘My Happy Place’ Launches in Singapore
American fast food chain McDonald’s has introduced the “My Happy Place” metaverse in Singapore for residents to build virtual burgers andplay various games. McDonald’s Singapore collaborated with Bandwagon Labs, the metaverse division of entertainment media technology company Bandwagon, to develop an in-app virtual world for its consumers. Clarence Chan, the founder of Bandwagon Labs, emphasized […]
Crypto Firm and Harvest To Launch Hong Kong ETFs in Singapore
MetaComp Pte Ltd has partnered with Harvest Global Investments Limited to make cryptocurrency spot ETFs available to investors in Singapore and globally, employing innovative fintech solutions. Harvest Global Investments Limited (HGI), a well-established asset management firm based in Hong Kong, and MetaComp Pte Ltd, an innovative fintech company based in Singapore, have formed a strategic alliance. This […]
MAS Grants Crypto Liquidity Firm GSR Markets MPI License
The Monetary Authority of Singapore (MAS) has granted a full major payment institution (MPI) license to the cryptocurrency trading business and liquidity provider GSR Markets. According to reports, GSR obtained the license on April 4, following in-principle approval in October 2023. According to Xin Song, CEO of GSR Singapore, GSR is the first company in […]
Singapore Introduces New Crypto Payment Regulation
The Monetary Authority of Singapore recently amended the Payment Services Act to enhance the regulation of cryptocurrencies. Singapore has generated significant attention in the cryptocurrency industry once more with its most recent initiative to strengthen the regulatory framework surrounding digital assets. Significantly, to bolster user protection, the Monetary Authority of Singapore (MAS) has introduced crucial amendments […]