Spot Bitcoin ETF was officially launched in the United States recently, attracting great attention from the market. The Monetary Authority of Singapore does not allow such financial products to be listed in Singapore and for retail investors because cryptocurrencies such as Bitcoin are not listed as eligible assets for ETFs.
JinseFinanceBitGo's Singapore arm secures in-principle approval from MAS for a major payment institution licence, paving the way for non-retail investor trading. The firm plans to expand its cryptocurrency services in Singapore, targeting institutional clients with its innovative cold storage custody solution.
JoyMAS provided the exchange with initial in-principal approval in October 2023, and Upbit has been actively engaged in Singapore since 2018.
AlexHong Kong-based digital asset group HashKey's Singapore subsidiary, HashKey Capital Singapore, has secured a significant regulatory milestone, obtaining a full Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). This licence empowers the firm to deliver regulated fund management services primarily concerning capital markets products within Singapore.
JoyMAS Managing Director Ravi Menon disclosed plans for the central bank to collaborate with local banks, testing the practical use of CBDCs as settlement assets for domestic payments.
DavinPaxos, announced today that it has obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS).
OliveFostering global partnerships, Singapore's MAS leads the way in digital asset innovation, aiming for regulatory alignment and enhanced cross-border interoperability.
Hui XinSouth Korean crypto exchange Upbit granted initial licence approval from the MAS for a major payment institution licence under the Payment Services Act.
CatherineThe exchange has been active in Singapore, allowing Singaporeans to transfer funds via localised payment options and to verify their identity through SingPass
ClementExpert opinions on the future of crypto exchanges differed.
Beincrypto