Tag: Singapore

Cryptocurrency companies in Singapore will soon be required to adhere to new guidelines proposed by the Monetary Authority of Singapore (MAS) to ensure the safety and protection of customer assets.  These guidelines, currently in the form of "draft legislative amendments," are open for public comments and are expected to become ...

Ripple has obtained preliminary regulatory approval from Singapore's financial watchdog, the Monetary Authority of Singapore (MAS), to provide token products and digital asset payments in the country. This approval allows Ripple's subsidiary, Ripple Markets Asia Pacific, to enhance its on-demand liquidity capabilities. Users of Ripple's platform can now transfer XRP ...

Crypto.com has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) o offer its Digital Payment Token (DPT) services to consumers in Singapore. The crypto exchange revealed this in an announcement on June 1, 2023. The license signifies Crypto.com's compliance with Singaporean regulations and solidifies ...

Over the last six months, traditional banks in Singapore have been collaborating with regulators to establish consistent criteria for vetting prospective clients in the crypto industry.  According to a report published on April 6, the Monetary Authority of Singapore (MAS) has teamed up with local police to improve the onboarding ...