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Singapore: Coinbase and Binance remain on the wait list to get Crypto Permits

The Monetary Authority of Singapore (MAS) has revealed that less than half of the companies that applied last year for their crypto permits are now left on the waitlist, operating with an exemption, and waiting to get approved by the authorities. Two Crypto exchange giants, Coinbase Global Inc. and Binance Holdings Ltd. are among the

Sunil Sharma November 11, 2021

The Monetary Authority of Singapore (MAS) has revealed that less than half of the companies that applied last year for their crypto permits are now left on the waitlist, operating with an exemption, and waiting to get approved by the authorities. Two Crypto exchange giants, Coinbase Global Inc. and Binance Holdings Ltd. are among the

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Singapore Central Bank Says the Country Aims to Be A Leader In Global Crypto Economy

As global financial institutions accelerate their involvement in the rapidly-emerging crypto space, Singapore’s central bank – the Monetary Authority of Singapore (MAS) – is looking to cement the country’s position as a key player in the global crypto economy. As a result, MAS is putting a clear regulatory framework and requirement for players to handle

Bhushan Akolkar November 3, 2021

As global financial institutions accelerate their involvement in the rapidly-emerging crypto space, Singapore’s central bank – the Monetary Authority of Singapore (MAS) – is looking to cement the country’s position as a key player in the global crypto economy. As a result, MAS is putting a clear regulatory framework and requirement for players to handle

Binance
Blockchain News
Binance
Blockchain News

Breaking: Singapore Regulatory Watchdog Puts Binance.com on Investor Alert List

Binance’s legal woes took a new turn today just when things have started looking to improve for the world’s leading cryptocurrency exchange. The Monetary Authority of Singapore (MAS), Singapore’s Central Bank as well as the top financial regulator put Binance.com on its Investor Alert List. This list comprises names of companies or organizations that are

Prashant Jha September 2, 2021

Binance’s legal woes took a new turn today just when things have started looking to improve for the world’s leading cryptocurrency exchange. The Monetary Authority of Singapore (MAS), Singapore’s Central Bank as well as the top financial regulator put Binance.com on its Investor Alert List. This list comprises names of companies or organizations that are

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News

Four Major Central Banks Conducting Cross-Border CBDC Payment Trials

In the latest report on Thursday, September 2, Reuters noted that four major central banks will be conducting cross-border CBDC payment trials. This includes the central banks of Australia, Singapore, Malaysia, and South Africa. The pilot projects from these four central banks will determine whether if CBDC transaction settlements are easier and cheaper. Governments and

Bhushan Akolkar September 2, 2021

In the latest report on Thursday, September 2, Reuters noted that four major central banks will be conducting cross-border CBDC payment trials. This includes the central banks of Australia, Singapore, Malaysia, and South Africa. The pilot projects from these four central banks will determine whether if CBDC transaction settlements are easier and cheaper. Governments and

Blockchain News
Blockchain News

Singapore issues first “in-principle” regulatory license to a crypto exchange

The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This

Sunil Sharma August 3, 2021

The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This

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News

Thai SEC Slaps Criminal Complaint On Binance for Illegally Operating Crypto Business

Crypto exchange Binance seems to be in deep water facing accusations from regulators worldwide. On Friday, July 2, the Thai Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Binance for illegally operating its digital assets business. Upon investigation, the regulator found that Binance provided crypto trading services “by matching

Bhushan Akolkar July 2, 2021

Crypto exchange Binance seems to be in deep water facing accusations from regulators worldwide. On Friday, July 2, the Thai Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Binance for illegally operating its digital assets business. Upon investigation, the regulator found that Binance provided crypto trading services “by matching

Binance
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Binance
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Amid Global Crackdown on Binance, Singapore Regulator MAS to Follow Up Soon

Crypto exchange Binance is facing increasing pressure from regulators worldwide. After U.K’s FCA curtailed all Binance operations last week, Singapore’s topmost regulator – Monetary Authority Services (MAS) – has decided to follow up soon amid the rising global crackdown. On Thursday, July 1, the regulator noted that MAS is currently reviewing Binance’s application to provide

Bhushan Akolkar July 2, 2021

Crypto exchange Binance is facing increasing pressure from regulators worldwide. After U.K’s FCA curtailed all Binance operations last week, Singapore’s topmost regulator – Monetary Authority Services (MAS) – has decided to follow up soon amid the rising global crackdown. On Thursday, July 1, the regulator noted that MAS is currently reviewing Binance’s application to provide

singapore
Blockchain News
singapore
Blockchain News

Singapore’s Central Bank, JP Morgan To Develop Blockchain-based Cross-Border Payments System

Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments.  Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by

Supriya Saxena November 11, 2019

Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments.  Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by

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Regulation News
scam
Regulation News

Authorities Caught Fake Website on Deceptive Promotion of National Cryptocurrency

The Monetary Authority of Singapore (MAS) released yet another caution notice on grounds of cryptocurrency. However, this time, scammers ‘allegedly claimed themselves’ as a company, supported by the Singaporean government. Bogus websites Continue to Emerge In the latest release, MAS warns the public not to be indulged or misled by the ‘fraudulent crypto firm’ which

Tabassum December 4, 2019

The Monetary Authority of Singapore (MAS) released yet another caution notice on grounds of cryptocurrency. However, this time, scammers ‘allegedly claimed themselves’ as a company, supported by the Singaporean government. Bogus websites Continue to Emerge In the latest release, MAS warns the public not to be indulged or misled by the ‘fraudulent crypto firm’ which

Regulation News
Regulation News

Singaporean Monetary Authority Halts ICO Token for Regulatory Breach

An official website of Monetary Authority of Singapore (MAS) has published a report of ceasing a security token offering. According to the statement, the firm wasn’t authorized for a certain offering to proceed under the Securities and Future Act (SFA). MAS Ceased ICO Offering The news broke out on Thursday, Jan 24, 2019, via the

Tabassum December 4, 2019

An official website of Monetary Authority of Singapore (MAS) has published a report of ceasing a security token offering. According to the statement, the firm wasn’t authorized for a certain offering to proceed under the Securities and Future Act (SFA). MAS Ceased ICO Offering The news broke out on Thursday, Jan 24, 2019, via the