Ripple CEO Expresses Pride Over Latest Milestone in Singapore
#Ripple obtains full #MPI license in #Singapore, bolstering #cryptoadoption in a progressive regulatory landscape. #XRP #Crypto #Blockchain
#Ripple obtains full #MPI license in #Singapore, bolstering #cryptoadoption in a progressive regulatory landscape. #XRP #Crypto #Blockchain
The USA may experience a mass exodus of cryptocurrency businesses and investors, as countries like UK, EU, UAE, Hong Kong, and Singapore welcome them.
Singapore High Court denies cryptocurrency as money in legal case involving Algorand Foundation and Three Arrows Capital, highlighting regulatory challenges.
Temasek Holdings, a Singaporean state investor, said that it will write off the whole value of its $275 million stake in the collapsed crypto exchange FTX.
The first industrial pilot under Project Guardian, which investigates possible decentralized finance (DeFi) applications, officially began on Wednesday.
A complaint has been filed in Singapore against Do Kwon, the co-founder of Terraform Labs who may be subject to legal action in South Korea and the US.
Family offices and high-net-worth individuals in Asian countries are eager to invest in cryptocurrency or already hold digital assets
As a result of authorization from the central bank to provide its cryptocurrency services in the city-state, Coinbase has joined the Singaporean market.
Singapore is a popular location for cryptocurrency companies. Recent market events clearly demonstrated the risks with prices of several cryptocurrencies dipping significantly. Singapore’s government plans to tighten restrictions on retail investment in cryptocurrencies. Following a string of difficulties including Terra 3AC Babel Vauld, the Singapore government plans to tighten restrictions on retail investment in cryptocurrencies, aligning with global authorities and expanding regulation coverage. The Monetary Authority of Singapore (MAS) said in a statement that the new measures are intended to “strengthen investor protection and safeguard the integrity of the financial system”. Singapore is a popular location for cryptocurrency companies due
The Monetary Authority of Singapore (MAS), Singapore’s central bank and crypto regulator, imposed a stringent licensing process on crypto service providers. “We want to be a responsible global crypto hub,” said Ravi Menon, the Managing Director of MAS. He pointed out that people can use crypto for money laundering and financing terrorists. Singapore’s central bank and crypto regulator — Monetary Authority of Singapore (MAS) — said that the process of licensing crypto service providers must be stringent. Ravi Menon, the Managing Director of MAS, shared his concerns about the risks of investing in cryptocurrency. Specifically, he spoke to retail investors
Crypto.com announced that it is unaffected by Singapore’s recent crypto platform crackdown. Singapore recently issued warnings to crypto-based platforms against advertising their services. The exchange’s headquarters is based in Singapore. Singapore-based exchange Crypto.com remained unfazed over the country’s recent crackdown on crypto-based platforms. In the above video interview with Bloomberg, Crypto.com CEO Kris Marszalek explained that the recent crackdown is due to the crypto market’s volatile situation. He believes that the Singaporean regulators only care about the welfare of the general public, hence their efforts to “rein in some of these marketing activities”. To bring the uninitiated up to speed,
Singapore opens its doors to the crypto world. Gemini celebrated its first anniversary in the country. The country of Singapore continues to open its doors to the crypto world. In fact, the biggest names in the crypto industry are now starting to move in the country. For instance, the Gemini exchange, a crypto exchange founded by the Winklevoss twins, had just celebrated its one year anniversary in Singapore. Jeremy Ng, the head of Gemini Asia Pacific, explained: “Anchored by support for the Singapore dollar (SGD), we are thrilled to see the continued expansion of our regional headquarters as Gemini becomes