singapore crypto regulation – DIGIT INFO

Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance

DIGIT — Tue, 24 Jan 2023 03:00:05 +0000

Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that regulators should provide “ultra clarity as to what’s an unregulated market,” so investors are aware that they go in at […]

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Singapore Considers Stricter Rules for Retail Crypto Investors — Regulator Says Cryptocurrencies Are ‘Highly Hazardous’

DIGIT — Mon, 29 Aug 2022 22:00:14 +0000

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief. New Rules May Be Coming to Retail Crypto Investors in Singapore Ravi Menon, the managing director […]

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Singapore Considers Imposing New Restrictions on Crypto Trading

DIGIT — Wed, 06 Jul 2022 02:30:54 +0000

The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.” MAS Considers New Restrictions on Crypto Trading Tharman Shanmugaratnam, the minister in charge of the Monetary […]

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100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation

DIGIT — Wed, 22 Dec 2021 03:00:18 +0000

More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central bank, the Monetary Authority of […]

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Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regulation

DIGIT — Mon, 27 Sep 2021 15:30:01 +0000

Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote: 　With effect from […]

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29 Cryptocurrencies Delisted on Liquid Exchange to Comply With Singapore’s FATF Crypto Regulation

DIGIT — Mon, 27 Jul 2020 18:30:21 +0000

A major Japanese cryptocurrency exchange, Liquid, has delisted 29 cryptocurrencies to comply with the crypto regulation in Singapore in an effort to become a licensed crypto exchange operator in the country. Singapore has been enhancing its crypto regulation in line with the standards set by the Financial Action Task Force (FATF). 29 Cryptocurrencies Delisted One […]

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