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MAS – Monetary Authority of Singapore

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March 2023

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.

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Singapore to publish crypto, stablecoin consultation feedback by mid-2023

March 2023

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Singapore to publish crypto, stablecoin consultation feedback by mid-2023

MetaComp becomes the latest crypto exchange to receive Singapore license

December 2022

Singapore vs Hong Kong

Hong Kong and Singapore are now locked in a battle over the future of crypto in Asia – but who will emerge victorious?

Singapore lender DBS explains its DeFi experiments, plans

DBS, the largest bank in Southeast Asia, said it tested trading of foreign exchange and government bonds using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain as part of the city-state’s Project Guardian exploration of blockchain in finance.

DBS bank says it tested blockchain DeFi protocols for forex, bond transactions 

The bank is in the center of developments shepherded by the Monetary Authority of Singapore to explore digital financial technologies emerging around blockchain.

USDC stablecoin issuer Circle wins Singapore digital payment license

The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?
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Singapore’s Tokenize crypto exchange opens platform for institutional investors

Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.

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MetaComp becomes the latest crypto exchange to receive Singapore license

Singapore’s DBS bank completes intraday repurchase transaction on JPMorgan’s blockchain-based platform

Singapore’s central bank says not possible to protect local users from FTX fallout

Singapore’s central bank partners New York Fed to explore wholesale CBDCs

Crypto asset manager HashKey gets Singapore’s in-principle license

Singapore still aims to be a crypto hub, minus speculative trading

Singapore’s Project Ubin+ to study cross-border FX with CBDCs

BIS’ ‘Project Mariana’ to explore CBDC integration with DeFi

Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

November 2022

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Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

Singapore floats tests for retail crypto traders, plans to regulate stablecoins

CFTC, SEC investigate if bankrupt 3AC misled investors, failed to register business

Blockchain.com granted in-principle approval for Singapore license

Coinhako aims to grow institutional users, introduces arm for eligible clients

Singapore eyes blockchain-based payment systems for faster cross-border transactions

Singapore’s central bank says illegal crypto operations will be hunted down

October 2022

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Singapore’s central bank says illegal crypto operations will be hunted down

Singapore grants capital markets license to SBI’s digital asset arm

Singapore central bank says data on crypto holdings by general public not available

Singapore’s DBS commits to crypto offerings despite slump: report

September 2022

Singapore’s Crypto Dance; Women in Web3

Welcome to The Daily Forkast – August 29, 2022 – presented by Joel Flynn. Coming up on today’s show: Crypto clarity from Singapore’s central bank. Forkast and NEAR Foundation initiative champions women in Web3. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of […]

Singapore’s MAS says needs to do better job explaining crypto policy

The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”

Huobi warning issued; Singapore’s blockchain aims

Huobi in hot water after being put on investor alert list. Meanwhile, we take a closer look into crypto regulation in Asia.

Coinhako crypto exchange sees Asia expansion opportunity as rivals stumble

Cross currents: BlackRock Inc, the world’s biggest money manager, is talking about Bitcoin opportunities amid a market slump. Singapore’s Coinhako looks to have similar ideas.

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Singapore’s DBS commits to crypto offerings despite slump: report

Digital Treasures Center latest to win Singapore’s crypto license

August 2022

MAS mulls crypto limits; Pacquiao’s Pacman NFTs

Singapore’s monetary authority mulls on crypto limits. Meanwhile, Manny Pacquiao drops his NFT collection despite the crypto winter.

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Digital Treasures Center latest to win Singapore’s crypto license

Singapore’s MAS to further strengthen crypto regulations

Singapore may limit retail participation in crypto

MAS takes aim at Three Arrows Capital, does not impose penalty

July 2022

Singapore’s central bank says cryptocurrencies have ‘no fundamental value’

Whither Singapore in the cryptocurrency world? The Monetary Authority of Singapore has some views on that and as with most markets, there are winners and losers.

CoinFLEX freezes withdrawals; Investors deserting Singapore

CoinFLEX joins other exchanges in freezing withdrawals. Meanwhile, crypto investors in Singapore head for the exits.

How a market slump may be helping Singapore’s stance against retail crypto

One door closes and another opens, which seems to be what’s happening in Singapore as the crypto price slump restructures the trading environment.

Singapore warms up to crypto industry — on its own terms

Crypto companies have voted with their feet in response to the city-state’s restrictions on their business. But they are still keeping an eye on opportunities.

Singapore’s digital assets initiative; Shanghai lockdown ends

Singapore announces plans for a digital assets initiative. Meanwhile, Shanghai’s lockdown finally ends, but markets remain hesitant.

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MAS takes aim at Three Arrows Capital, does not impose penalty

Singapore grants Crypto.com in-principle approval toward offering payment services

Singapore’s ADDX to include crypto assets in determining eligibility for private market investments

Retail investors shouldn’t invest in crypto: Singapore’s deputy PM

Singapore plans digital assets initiative with financial industry

June 2022

Terra’s UST loses dollar peg; Philippines expects Marcos Jr win

Coinhako becomes third Singaporean exchange to receive full license. Meanwhile, the blockchain industry reacts to Philippine election results.

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Singapore plans digital assets initiative with financial industry

Coinhako receives full license in Singapore

KoinBasket raises US$2 mln from global marquee investors

May 2022

Singapore’s responsible crypto aim; Okay Bears storm the charts

Singapore says it wants to be a “responsible crypto hub”. Meanwhile, the Okay Bears lift Solana’s sales figures.

Singapore wants to bring some adult supervision to crypto

The city-state wants to position itself as a hub for cryptocurrency service providers while holding onto its reputation as an important cog in the global AML, ATF compliance machinery.

Caught between a rock and a hard place, Singapore tightens crypto oversight

A desire to stay in line with global anti-money laundering and anti-terrorism norms is forcing the city state’s hand when it comes to regulating cryptocurrency exchanges.

Coinbase India setback; Hong Kong’s Bitcoin ATMs

Coinbase’s launch in India is off to a rocky start. Meanwhile, Bitcoin ATMs grow in Hong Kong.

Is Singapore retreating from its global crypto hub ambitions?

Singapore’s approach may seem increasingly anti-crypto to some, but not to those tracking its policies closely. Danny Chong of Tranchess explains what’s going on.

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KoinBasket raises US$2 mln from global marquee investors

Singapore grants in-principle license to Revolut

OCBC Bank joins MVGX in push to help firms go carbon neutral

Singapore tightens regulations on crypto, again

DBS Bank slams brakes on retail crypto trading

April 2022

Singapore’s crypto future; Korea “White Day” NFTs a hit

Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.

How Singapore is reimagining its ‘Asian crypto hub’ image

The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.

China discusses the metaverse; Blockchain community comes together

As China’s Two Session’s meetings begin, ‘Metaverse’ enters the Chinese government’s radar. And while the invasion of Ukraine continues, Singapore announces new sanctions on Russia.

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DBS Bank slams brakes on retail crypto trading

Singapore targets designated Russian banks amid sanctions

NFTs subject to existing tax rules in Singapore, FM says

Singapore prohibits crypto, NFT transactions in sanctions against Russia

March 2022

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Singapore prohibits crypto, NFT transactions in sanctions against Russia