Singapore News

Su Zhu of the beleaguered crypto hedge fund 3AC has been detained by law enforcement in Singapore

The Singapore Police Force is planning to take further action in response to the largest money laundering case in the country. Currently, cryptocurrencies valued at $26 million have already been seized in relation to the case. Major seizures It was reported in…

Citi’s securities services business will provide custody services for fractionalized and full-sized blockchain-based bonds. Citi Securities Services, a management hub offering securities solutions, is now providing digitalcustody for bonds traded on BondbloX Bond Exchange (BBX), a fractional bond exchange regulated…

Southeast Asia’s premier tech startup, Grab is teaming up with USDC stablecoin issuer Circle to pilot a web3 wallet within its super-app. The announcement came on Sept. 14, with Circle revealing that these new services would be accessible to Grab…

The Monetary Authority of Singapore has issued a nine-year prohibition order against the founders of Three Arrows Capital (3AC). The order was issued against Zhu Su and Kyle Livingston Davies for violating different regulatory laws, such as the Securities and…

Artfi, an art and collectible investment project, will sponsor Token2049, one of the largest crypto events in Singapore

The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to the consultation, offering…

McDonald’s Singapore collaborates with NFT artists The Hidden Walls and Bandwagon Labs, unveiling unique Grimace-themed digital collectibles. McDonald’s Singapore is delving into the world of non-fungible tokens (NFTs), focusing on Grimace, a character from the McDonaldland universe. The endeavor is…

Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million) in Singapore. During…

Singapore’s Monetary Authority (MAS) has rolled out a regulatory framework for single-currency stablecoins linked to the Singapore Dollar or other G10 fiat currencies.  With this new setup, any token with a circulation value over S$5 million will earn the MAS-regulated…

The Singaporean branch of the nonprofit humanitarian organization Red Cross has partnered with the crypto payments gateway, Triple-A, to allow crypto donations. People can now donate four digital currencies — Bitcoin (BTC), Ethereum (ETH), USDT, and USDC. According to an…

Blockchain.com has received a license from Singapore’s regulatory body, the Monetary Authority of Singapore (MAS). The announcement follows the previous approval that the company received in September of last year from the MAS. The new license will allow the exchange…

Kyle Davies, co-founder of the now-defunct 3AC, has contested the authority of the United States, asserting his legitimate citizenship in Singapore. The move comes as Davies, one of the co-founders behind the now-insolvent cryptocurrency hedge fund Three Arrows Capital (3AC),…

Singapore High Court is making headlines amid a recent ruling that recognized Crypto assets as property in the Bybit case involving contractor Ho Kai Xin.

Singaporean authorities have drafted plans to make it mandatory for crypto exchanges to store their customers' funds in a trust. The legislation will take effect before the end of the year. 

San Francisco-based blockchain firm Ripple has received in-principle regulatory approval from the Monetary Authority of Singapore (MAS) to operate in the country.