Tag: Singapore

WazirX, once India’s largest cryptocurrency exchange, has cleared a major hurdle in its bid to recover from last year’s $230 million hack, winning overwhelming support from creditors for a revised restructuring plan. The proposal, backed by 95.7% of creditors on August 18, is now pending approval from the Singapore High ...

Tokenize Xchange, a Singapore-based cryptocurrency exchange, will cease all operations in the country by September 30 after the Monetary Authority of Singapore (MAS) declined to grant it a licence to provide digital payment token services. The company had previously operated under a temporary exemption but will now relocate its operations ...

In May 2025, Franklin Templeton received approval from the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, the first tokenized money market fund available to retail investors in Singapore.  With a minimum investment of just US$20, this fund aims to democratize access ...

In a significant move to bolster innovation in artificial intelligence (AI) and digital finance, the United Kingdom and Singapore have formalized a new partnership focused on AI development and the tokenization of assets. The agreement, reached during high-level discussions in London, aims to enhance cooperation between the two nations in ...

Singapore’s Monetary Authority (MAS) has issued a final directive requiring all cryptocurrency exchanges operating without a license to cease operations by June 30. The mandate marks a firm regulatory stance aimed at enforcing compliance under the Payment Services Act, according to Bloomberg. The initial notice was sent at the end ...

The Monetary Authority of Singapore (MAS) has issued a directive requiring all domestic cryptocurrency service providers without a Digital Token Service Provider (DTSP) license to cease overseas operations by June 30. The move marks a key step in the city-state’s broader push to tighten regulatory oversight and strengthen consumer protection ...

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 ...