Stay updated on Singapore’s crypto regulation landscape, including licensing requirements, MAS policies, and compliance frameworks. Explore how Singapore is positioning itself as a global hub for digital assets and blockchain innovation.
Singapore has become one of the global centres for digital asset innovation.
The Monetary Authority of Singapore is advancing tokenized asset adoption by creating commercial networks, targeted industry support, and shared frameworks.
The In-Principle approval will allow Gemini to offer limited payment services in Singapore.
Komainu is acquiring Singapore-based Propine Holdings to strengthen its Asian presence, pending approval of a Capital Market Services license from the MAS.
While the crypto project itself is not involved in the trading of its users’ data, others who engage in purchasing and reselling Worldcoin accounts and tokens may be illegally offering payment services under the PS Act, raising concerns about the potential misuse of digital identities for malicious purposes, such as money laundering.
In addition to its Major Payment Institution (MPI) license for OKX SG, OKX is expanding its services in Singapore by streamlining the connection to local banks for convenient deposits and withdrawals.
This ongoing exploration shows how blockchain could make public services more efficient and transparent.
DBS Bank said that the DBS Treasury Tokens project will test the benefits of tokenization by applying the company’s systems and learnings developed by working with the Monetary Authority of Singapore (MAS).
The MPI license allows HashKey OTC to provide a broad array of regulated trading services for digital payment tokens.
Hex Trust has now joined the growing list of companies approved to serve as major payment institutions in Singapore.
XREX Singapore introduces XREX Pay, offering businesses cross-border B2B payments and money transfer solutions. The platform will support traditional currencies like the Singapore Dollar (SGD) and US Dollar (USD) as well as stablecoins like Tether (USDT) and USD Coin (USDC).
The partnership is centered on making HGI’s crypto spot ETF available by leveraging MetaComp’s Client Asset Management Platform (CAMP).
This in-principle approval fortifies TerraPay’s dedication to becoming the world’s most regulatory-compliant payments provider.
Crypto startup GSR Markets has bagged the Major Payment License (MPI) In Singapore, a move that depicts growing regulation in the country.
In a move towards developing an industrial hub for the industry, Singapore has broadened its crypto regulation to cover the custody of digital currencies.