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Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut … Read more
The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public. Go to Source Powered by WPeMatico
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Singapore’s Central Bank Discouraging Crypto Trading by the General Public The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday … Read more
The new regulations would only allow for advertisements on native websites and mobile apps for DPT companies. Go to Source Powered by WPeMatico
While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. Go to Source Powered by WPeMatico
The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. Go to Source Powered by WPeMatico
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than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications.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 … Read more
Coinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding. Go to Source Powered by WPeMatico
Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform. Go to Source Powered by WPeMatico
Binance’s most recent acquisition is still subject to some regulatory requirements. Go to Source Powered by WPeMatico