singapore cryptocurrency – 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 […]

Go to Source

Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says

DIGIT — Fri, 28 Oct 2022 10:00:39 +0000

The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said Singapore’s minister for home affairs. […]

Go to Source

Singapore’s Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies

DIGIT — Wed, 01 Jun 2022 10:30:51 +0000

Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About Crypto Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech […]

Go to Source

Ethereum, Bitcoin, Cardano Are Most Popular Cryptocurrencies in Singapore: Study

DIGIT — Tue, 17 Aug 2021 01:30:05 +0000

A new study shows that ethereum is the most popular cryptocurrency among more than 4,000 adults surveyed in Singapore. The second-most popular crypto is bitcoin, followed by cardano. Singapore-Based Crypto Investors Prefer Ethereum, Bitcoin, Cardano The new 2021 State of Crypto in Singapore, a joint study by Seedly, Gemini, and Coinmarketcap, was published Monday. It […]

Go to Source

Singapore Allows Crypto Companies to Operate Without a License for 6 Months

DIGIT — Sat, 28 Mar 2020 04:30:17 +0000

The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your […]

The post Singapore Allows Crypto Companies to Operate Without a License for 6 Months appeared first on Bitcoin News.

Go to Source