Auto Added by WPeMatico

Singapore Imposes New Rules for Digital Payment Token Services

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the…

Continue ReadingSingapore Imposes New Rules for Digital Payment Token Services

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

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.…

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

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

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…

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

Singapore Grants Crypto Licenses to DBS and Independent Reserve

The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in…

Continue ReadingSingapore Grants Crypto Licenses to DBS and Independent Reserve

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

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…

Continue ReadingEthereum, Bitcoin, Cardano Are Most Popular Cryptocurrencies in Singapore: Study