Singapore fines nine banks $21.5M over failures in a $3B money laundering scandal. Crypto assets were among the seized funds, pulling digital …
Singapore
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Singapore is cracking down on crypto exchanges, while Hong Kong unveiled a new legal framework to encourage investment. Hong Kong may have …
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Markets
Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
by shayaanby shayaanSingapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering …
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In brief The UK and Singapore met this week to discuss AI regulation, crypto oversight, and other digital innovations. Among them, they …
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Regulation
Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect
by shayaanby shayaanSingapore’s crypto licensing deadline arrived today, forcing dozens of digital asset firms to either shut down or face steep penalties, as regulators …
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Finance
Jack Ma’s Ant International Seeks Stablecoin Licenses in Hong Kong, Singapore: Bloomberg
by shayaanby shayaanThe international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. …
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Singapore mandates all unlicensed crypto firms to stop serving overseas clients by June 30, 2025, with no transitional period allowed. Companies must …
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Regulation
Singapore Gulf Bank launches clearing network for digital asset firms
by shayaanby shayaanSingapore Gulf Bank, a digital bank licensed by the Central Bank of Bahrain, launched a real-time currency clearing network designed to support …
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Adoption
Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch
by shayaanby shayaanSingapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the …
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Regulation
Singapore should treat crypto as infrastructure, not just risk: Coinbase
by shayaanby shayaanSingapore’s current tone of caution on crypto could limit its future competitiveness, Coinbase warned, urging a more ambitious national strategy. U.S.-based crypto …