Key Takeaways Monetary Authority of Singapore has put out a new directive that firms offering crypto services to overseas clients must register by June 30, 2025, or cease operations. The regulatory watchdog made it clear that there will be no…
Key Takeaways Singapore Exchange (SGX) is set to introduce Bitcoin perpetual futures in the second half of 2025, pending approval from the Monetary Authority of Singapore (MAS). Unlike traditional futures, perpetual contracts do not have an expiry date, allowing continuous…
Key Takeaways The Singapore High Court has approved a restructuring plan for WazirX, the Indian crypto exchange that suffered a $230 Million hack in July 2024. The plan, filed by WazirX’s parent company, aims to facilitate the recovery and return…
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…
Key Takeaways Leading US-based crypto exchange Gemini has received an in-principle approval from Singapore’s Monetary Authority (MAS) for a Major Payment Institution license(MPI). With this approval, Gemini aims to extend its regulatory compliance in Asia as demand for crypto services…
Key Takeaways Leading Singapore-based crypto exchange Fairdesk, announced it will close down all services by November 30, 2024. As per the official statement, futures and spot trading activities will cease on October 17, leaving users with only withdrawal options available…
Key Takeaways Leading cryptocurrency exchange, OKX has announced a major expansion in Singapore by securing a Major Payment Institution (MPI) license from the city-state’s financial regulator, the Monetary Authority of Singapore (MAS). This license, granted on September 2, 2024, permits…
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Singapore is leading the world in the adoption of crypto, closely followed by Hong Kong and the United Arab Emirates.
Hex Trust stated that the Singapore financial authority had given it initial clearance in principle for an MPI license.
