Singapore

Singapore Plans to Broaden Crypto Regulations After Shakeout
Singapore Plans to Broaden Crypto Regulations After Shakeout

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

Singaporean Central Bank Imposes Strict Licensing Process
Singaporean Central Bank Tightens Crypto Licensing

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 Unfazed Over Singapore Crackdown on Crypto
Crypto.com Unfazed Over Singapore Crackdown on Crypto

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,