According to the 2025 Independent Reserve Cryptocurrency Index (IRCI), Singaporean crypto investors are becoming more strategic and selective. While 2024 saw a bullish market, nearly half of investors sold part or all of their holdings, and those who secured profits, 67%, signalled a shift from hype-driven speculation to calculated profit-taking. ...
Franklin Templeton has recently received regulatory approval from the Monetary Authority of Singapore to launch its first tokenized fund in the country. According to a report by Tech in Asia, this fund will be accessible to retail investors with a minimum investment of just $20, marking a significant milestone as ...
Singapore Gulf Bank has announced the appointment of Richard Clarida, former Vice Chair of the US Federal Reserve, to its newly formed Global Advisory Board. The move marks a significant step for the bank as it seeks to strengthen its global strategy and expand its influence in international finance. The ...
Indian cryptocurrency exchange WazirX is preparing for a potential relaunch, contingent on a decision by Singapore’s High Court on May 13 regarding its restructuring and user compensation plan. Following a significant $234 million hack in July 2024, WazirX has stated that it will resume operations if the court approves its ...
According to a recent crypto payment firm Triple-A survey, more people in Singapore are adopting cryptocurrency, particularly for payments. The data reveals that crypto ownership in the country increased to 26% in 2024, compared to 24.4% in 2023, as reported by The Straits Times. Of the crypto holders, approximately 52% ...
Cumberland has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. Announced on March 18, this milestone brings the company closer to offering regulated digital payment token services in Singapore, strengthening its regional presence. We are pleased to announce that Cumberland SG Pte. ...
Singapore Exchange (SGX), the region’s leading asset exchange, is gearing up to launch Bitcoin perpetual futures contracts in the latter half of 2025, marking a significant expansion into the crypto derivatives market. An SGX spokesperson confirmed the development in a statement to Bloomberg on March 10, emphasizing that the offering ...
Cryptocurrency custodian Hex Technologies Pte. Ltd., a subsidiary of Hex Trust, has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS), expanding its regulatory approvals in the country. According to a March 6 press release, The license allows Hex Trust to provide a fully integrated ...
DigiFT has received a custodial license from the Monetary Authority of Singapore (MAS). This new approval expands its existing Capital Markets Services (CMS) license, enabling DigiFT to offer custody services for capital market products. With this new license, The Singapore-based blockchain platform operates within a fully regulated framework that integrates ...
Singapore's iconic department store chain Metro will soon integrate stablecoin payments across its physical outlets and online marketplace, Metro Mall. According to a local news outlet, the move is part of a partnership with crypto payments firm DTCPAY, allowing customers to transact using Tether (USDT), Circle's USDC, and Worldwide Stablecoin ...
