Category: Singapore

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

Singapore Contemplates Stricter Rules on Retail Crypto Investors — Claims Cryptocurrencies Are 'Highly Hazardous'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 Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils

Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report UnveilsFinancial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the authority is trying to get a clearer idea of their financial state, knowledgeable sources […]

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Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the Dip

Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the DipDBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto Customers Bought the Dip DBS, […]

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