Tag: Singapore

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 ...

Robinhood is preparing to introduce crypto products in Singapore before the end of 2025. Johann Kerbrat, vice president and general manager of Robinhood Crypto, revealed in an interview with Bloomberg that while no exact launch date has been set, the company is working closely with regulators to roll out its ...

Singapore is entering a new phase of cryptocurrency adoption in everyday transactions through a partnership between RedotPay, Visa, and StraitsX. This collaboration aims to launch an innovative card program enabling users to integrate and spend digital assets easily alongside traditional currency in the retail payment system. According to a recent ...

Singapore's wealth management sector is experiencing a significant shift, with high-net-worth individuals increasingly investing in cryptocurrency following Donald Trump's re-election. This unprecedented surge has led family offices and private investors to allocate larger portions of their portfolios to digital assets. In an interview with Nikkei Asia, Gerald Goh, CEO of ...

Federico Variola, the CEO of the recently hacked crypto exchange Phemex, has assured users that its cold wallets are unaffected by the exploit. Blockchain analytics firm PeckShield confirmed the breach, which happened on January 23, 2024, resulted in the loss of over $68 million from the exchange’s wallets across multiple ...