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CryptoCurrency
Sygnum Inches Closure to Get Singapore's Payment Institution License
2023-06-13T08:24:08.800+02:00
The company already holds a capital markets license in the city-state.
Several other crypto firms recently obtained a Singapore license.
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CryptoCurrency
Circle Singapore Gains MAS Approval for Digital Payments Service
2023-06-07T08:38:17.504+02:00
The company can now offer cross-border and domestic money transfer services.
Earlier, Coinbase, Crypto.com, and others also received the same license.
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Retail FX
Singapore Proposes Restrictions on Financial Product Promotions
2023-04-25T12:22:51.062+02:00
MAS proposed restrictions on both physical and digital promotions.
It will accept public feedback until 30 June.
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Retail FX
CMC's CFDs Clients in Singapore Can Access 'Invest' from May
2023-04-04T10:01:21.200+02:00
The platform will start opening new accounts in Q3.
It is already available in the UK and Australia.
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FinTech
Singapore, Malaysia Launch Unified QR Code for Cross-Border Payment
2023-03-31T18:17:44.778+02:00
However, cross-border payment is restricted to customers of participating institutions.
Both countries plan to launch account-to-account fund transfers by end of the year.
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CryptoCurrency
Coinbase’s New Banking Partner a Ray of Hope amidst Struggles in US Banking Sector
2023-03-15T11:08:11.851+02:00
The new cooperation will allow Coinbase to offer free transfers in Singapore.
After the banking turmoil in the USA, some crypto companies struggle to find banking partners.
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Retail FX
Horizon Software Eyes ASEAN Dominance with New SGX Connectivity
2023-03-07T10:55:52.716+02:00
The company opened a Singapore office last September.
Its first client went live on SGX Securities Trading in November 2022.
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CryptoCurrency
Binance's Ceffu Looks for Corporate Crypto License in Singapore
2023-03-02T12:35:34.964+02:00
After the retail business fiasco in the region, Binance wants to focus on professional clients.
The move occurs despite the exchange's mounting regulatory pressure in the US.
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Executive Moves
CMC Invest Singapore Brings In New Head Before Soft Launch
2023-03-02T10:01:34.370+02:00
CMC will soft launch the new services on 31 March.
The new hire will be responsible for the entire launch journey.
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Op-ed
CryptoCurrency
Op-ed
Hong Kong and Singapore: Open to Crypto
2023-02-24T17:30:00.000+02:00
US regulators appear hostile to the crypto industry, but crypto is a global technology.
Hong Kong and Singapore can become Asian crypto hubs, perhaps influencing China's approach.
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CryptoCurrency
Deutsche Bank Works on Tokenized Trading Platform, Finishes Trial Phase
2023-02-22T11:55:17.271+02:00
DAMA allows the management of digital funds investing in tokenized securities.
Deutsche Bank wants to develop the project by tapping into the potential of the Singapore market.
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CryptoCurrency
DBS Sees 80% BTC Trading Surge on DDEx Exchange in 2022
2023-02-15T11:15:32.290+02:00
Additionally, ETH trading volumes rose by 65%.
However, dollar-denominated turnover stayed the same due to the visible crypto price slump last year.
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Executives
Edgewater Taps FX Veteran Chan Chong San to Consolidate APAC Presence
2023-02-09T14:32:44.944+02:00
Chan was previously the MD of GFI Group.
He brings over three decades of experience to his new role at Edgewater.
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FinTech
UK and Singapore Agree to 'Deepen Cooperation' in Fintech
2022-11-25T16:55:17.135+02:00
UK fintech investment grew 24% YoY to $9.1 billion in the first half of 2022.
Report ranks Singapore as South East Asia's leading fintech hub.
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News
Singapore Police Investigating Crypto Platform Hodlnaut for Fraud
2022-11-25T10:18:29.416+02:00
The platform suspended all activities in August.
It reported massive exposure to FTX.
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Institutional FX
LMAX Group Launches Matching Engine from SG1 Data Center
2022-11-18T13:21:55.809+02:00
It is the fourth matching engine of LMAX.
The group is seeking the approval of MAS to further expand services from Singapore.
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CryptoCurrency
Paxos Becomes “Major Payments Institution” in Singapore
2022-11-02T12:10:10.191+02:00
It has had a presence in the city-state for ten years.
In March 2022, the company received in-principal approval from MAS.
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CryptoCurrency
Singapore’s MAS Proposes Restrictions on Retail Crypto Trading
2022-10-26T12:12:10.979+02:00
It has proposed many rules around stablecoins.
The regulator is accepting feedback on the proposed rules until 21 December.
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Thought Leaders
MultiBank Group Announces Two Additional Licenses in UAE and Singapore
2022-10-19T16:56:45.660+02:00
The new licenses help consolidate MultiBank's position as one of the most trusted brokers.
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CryptoCurrency
Blockchain.com Gets Regulatory Greenlight from Singapore’s MAS
2022-10-12T13:57:14.497+02:00
Singapore now has 18 regulated crypto service providers.
Blockchain.com also received approval from Dubai last month.
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News
Coinbase Gains In-Principal Approval from Singapore’s MAS
2022-10-11T12:08:19.880+02:00
The exchange can now offer crypto products in Singapore.
MAS has handed 17 in-principal approvals and licenses for crypto services.
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Institutional FX
Horizon Software Bolsters APAC Presence with New Singapore Office
2022-09-29T12:56:25.861+02:00
The company already has seven other offices globally.
The new office will bring the company closer to the APAC client base.
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Retail FX
Tools for Brokers Strengthens APAC Presence with New Singapore Office
2022-09-08T12:53:34.074+02:00
It is now operating from five global offices.
Earlier, the company promoted Sergei Gruzin as the Asia Head of Business Development.
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News
Lightnet Group Secures $50 Million Capital Commitment from LDA Capital
2022-08-30T12:25:00.502+02:00
The company is planning to expand its operations.
Lightnet is targeting growth opportunities in the payment and remittance space.
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News
M-DAQ Completes Acquisition of Wallex
2022-08-10T14:07:28.878+02:00
The acquisition was first announced in February 2022.
M-DAQ is planning to expand its global presence.
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