Singapore Financial News
30.08 / 12:31
regulation
Bitcoin
Withdrawals
Hodlnaut now placed under creditor protection after freezing withdrawals
Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.
30.08 / 07:59
cryptocurrency
Digital
Cooper
Singapore Might Restrict Retail Access To Cryptocurrencies: Central Bank
These measures are meant to reduce consumer risk while trading in such volatile assets.
30.08 / 07:27
business
Blockchain
'Most of crypto is still junk' and lacks use case — JPMorgan blockchain head
The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves.
29.08 / 21:03
Blockchain
Digital
Gemini
Huobi
Singapore mulls tightening rules around crypto-trading by retail investors
Singapore is planning to introduce new regulations that will tighten the trade of cryptocurrencies by retail investors, according to one of the country’s leading regulatory officials. The step is being taken to safeguard the interest of investors, given the fact that they remain “irrationally oblivious” about the risks associated with the market.
29.08 / 18:09
29.08 / 18:01
Digital
Bitcoin
Singapore to tighten retail crypto trading rules
MAS managing director Ravi Menon said during a speech on Monday.Many people seem to be "irrationally oblivious" about the risks of cryptocurrency trading, said Menon.In January, the regulator restricted digital asset players from promoting cryptocurrency services at public spaces, leading to the dismantling of Bitcoin ATMs and the removal of advertisements in MRT stations.Now, it is considering further measures, adding "frictions" on retail access to crypto.
29.08 / 17:55
business
Law
Court
Where in the world are the 3AC founders? Speculations abound
The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm's Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail.
29.08 / 17:39
Blockchain
UPS
Singapore’s Central Bank Slams Crypto Trading, Talks Up Digital-Asset Opportunities
Singapore’s top financial regulator said cryptocurrencies are “highly hazardous” to many investors, but made clear the city-state still wants to develop and actively promote a digital-asset ecosystem.
29.08 / 14:23
Government
Adoption
Investments
MAS doesn’t trust retail crypto investments, mulling more regulations
The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29.
29.08 / 13:59
Digital
Luna
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests.
29.08 / 13:01
business
marketing
advertisement
Bitcoin
Dubai issues crypto marketing rules to better protect investors
Amid Dubai moving forward with a new license program for cryptocurrency service providers, local regulators are introducing additional marketing and advertising rules for the industry.
27.08 / 00:47
UPS
Digital
Arrow
Singapore is getting serious with crypto scrutiny- Here’s how
According to Bloomberg report, Singapore is tightening up its surveillance of cryptocurrency-related businesses. The country is adopting these measures in light of the upcoming legislative reforms.
26.08 / 22:44
business
Provident
Arrow
Bankruptcy
3AC’s Zhu was in Bangkok, disputed liquidator’s court filing in Singapore: Report
According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the Singapore court, which granted Teneo’s request for access to 3AC records in Singapore on Aug. 22.
26.08 / 22:41
FIVE
CEO
coinbase
Enterprise
Zipmex requests meetings with Thai Authorities, investors to discuss…
Cryptocurrency exchange Zipmex has requested meetings with the Securities Exchange Commission (SEC) and other concerned authorities in Thailand, Bloombergreported. Potential investors are also expected to attend these meetings as the exchange begins to execute a fund-raising plan.
26.08 / 22:25
26.08 / 13:41
business
Central Bank
Bitcoin
Singapore MAS examines crypto firms ahead of new regulations: Report
The Monetary Authority of Singapore (MAS) has started taking measures to prepare for new cryptocurrency regulations addressing the ongoing liquidity crisis and withdrawal issues.
24.08 / 23:41
business
Loans
Bankruptcy
Singapore authorities approve probe of 3AC on behalf of liquidators: Report
The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.
24.08 / 13:41
23.08 / 17:37
23.08 / 15:15
business
Ethereum
Bitcoin
reports
DBS bank reports 4X growth in Bitcoin buys on DDEx exchange in June
A major cryptocurrency selloff in June 2022 has sparked more interest in Bitcoin (BTC) from institutional investors, according to data from one of the biggest banks in Singapore.
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