Tag MAS

BitGo Launches Singapore Subsidiary Following MAS Approval

Key Takeaways California-based cryptocurrency firm BitGo has officially launched its Singapore subsidiary, three months after receiving a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The move enables the company to offer a range of regulated…

Saniya Raahath
November 21, 2024
News, Crypto

Singapore Increases Risk Level for Crypto Exchanges in New Update

Key Takeaways The Monetary Authority of Singapore (MAS) has heightened the risk classification for cryptocurrency exchange platforms from medium-low to medium-high under an update to the nation’s Terrorism Financing (TF) laws. The updated classification is part of Singapore’s revised Terrorism…

Saniya Raahath
July 2, 2024
News

MAS States Bankrupt FTX not on its Investor Alert List

Singapore regulators defend their decision to issue a warning to Binance but not to FTX.

Aadrika Sharma
February 19, 2024
News

Singapore’s Proposed Bill Aims to Extend Regulatory Oversight on Crypto Financial Products

Under a law that is now in the country's parliament, the Monetary Authority of Singapore (MAS) will be given more authority.

Deep
January 13, 2024
News

Upbit Gains Preliminary Approval in Singapore for Crypto Operations

The application for a Major Payment Institution (MPI) license in Singapore has been granted in principle to the Singaporean subsidiary of Upbit.

Deep
October 16, 2023
News

Ripple Secures Formal Approval for Singapore Payments License

The Central Bank of Singapore has granted Ripple a full license to operate as a major payment institution, allowing it to continue its activities.

Deep
October 4, 2023
News

Singapore Grants Payment Institution License to Sygnum Bank Subsidiary

Sygnum Singapore received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.

Deep
October 3, 2023
News

Singapore Imposes 9-Year Trading Ban on Three Arrows Founders

Singapore's central bank has given Kyle Davies and Zhu Su nine-year restriction orders due to alleged violations of the nation's securities regulations.