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Monetary Authority of Singapore

Singapore rejects over 100 licensing applications from digital currency firms
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29 December, 2021

Singapore rejects over 100 licensing applications from digital currency firms

The Monetary Authority of Singapore is rejecting more applications than it is accepting, with only five entities licensed to operate...
Singapore suspends Bitget exchange after row with K-pop band BTS
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11 December, 2021

Singapore suspends Bitget exchange after row with K-pop band BTS

Bitget listed and promoted Army Coin, which claimed affiliation with the popular K-pop boyband, but BTS has denied links, and...
Regulated stablecoins have a place in Singapore’s economy: central bank
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3 November, 2021

Regulated stablecoins have a place in Singapore’s economy: central bank

The Monetary Authority of Singapore is keeping an open mind on digital currencies and stablecoins but says they must go...
Binance halts services in Singapore as regulatory noose tightens
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28 September, 2021

Binance halts services in Singapore as regulatory noose tightens

Binance announced that it would cease Singaporean trading pairs and payment options. It would also remove its trading app from...
Binance regulatory walls getting higher: Exchange halts Singapore products as South Africa issues fresh warning
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6 September, 2021

Binance regulatory walls getting higher: Exchange halts Singapore products as South Africa issues fresh warning

Singapore has prohibited the cryptocurrency exchange from offering payment services in the country, while South Africa has issued a warning...
Singapore shortlists 15 companies to help build retail CBDC
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5 September, 2021

Singapore shortlists 15 companies to help build retail CBDC

The Global CBDC Challenge was geared towards discovering and developing retail central bank digital currency solutions that will benefit the...
DBS Bank approved to offer digital currency services in Singapore
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17 August, 2021

DBS Bank approved to offer digital currency services in Singapore

When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly...
Singapore regulator grants first approval in principle for digital currency exchange
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6 August, 2021

Singapore regulator grants first approval in principle for digital currency exchange

Australian digital currency exchange Independent Reserve received the regulatory go-ahead under the provisions of the Payment Services Act, which was...
Singapore central bank launches global challenge for retail CBDC solutions
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4 July, 2021

Singapore central bank launches global challenge for retail CBDC solutions

The Global CBDC Challenge focuses on enhancing the effectiveness of payment and stimulating financial inclusion through the discovery of innovative...
Singapore gov’t offers millions to modernize RegTech solutions in financial industry
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4 May, 2021

Singapore gov’t offers millions to modernize RegTech solutions in financial industry

The Monetary Authority of Singapore has pledged S$42 million towards modernizing the country's financial digital infrastructure, including a new regulatory...
Singapore regulator warns against digital currency scams following PM name fraud
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9 April, 2021

Singapore regulator warns against digital currency scams following PM name fraud

The Monetary Authority of Singapore has issued a warning following a scam that saw Prime Minister Lee Hsien Loong embroiled...
Singapore proposes more stringent digital currency regulation
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27 July, 2020

Singapore proposes more stringent digital currency regulation

The Monetary Authority of Singapore has proposed a new law that will give it oversight over companies even if they...