Tags : Singapore


Regulation

Singapore Police Probe Hodlnaut for ‘Doable Dishonest and Fraud’

Singapore’s white-collar crime investigation unit, the Industrial Affairs Division (CAD), on Wednesday, launched a probe into troubled crypto lender Hodlnaut for “attainable dishonest and fraud,” based on an official statement.  Between August and November, the police acquired “a number of reviews” that Hodlnaut and its administrators had made “false representations” in regards to the lender’s […]Read More

Regulation

Singapore Checks Institutional DeFi on Ethereum, Welcomes USDC Issuer

The Financial Authority of Singapore’s (MAS) decentralized finance pilot program simply executed “the primary real-world use case for institutional-grade DeFi protocols,” Aave founder Stani Kulechov instructed Decrypt.  J.P. Morgan, DBS Financial institution and SBI Digital Asset Holdings yesterday used the Aave protocol on Polygon—a layer-2 scaling answer—to finish international trade and authorities bond transactions on […]Read More

Regulation

Singapore Mulls Ban on Letting Retail Traders Purchase Crypto With

Singapore’s monetary watchdog has proposed restrictions on the usage of credit score or leverage when buying and selling cryptocurrencies. The foundations would cease any crypto corporations from extending credit score or leverage to retail prospects and would forestall them from accepting funds through bank cards. These guidelines wouldn’t apply to institutional buyers.  The proposals put […]Read More

Regulation

US Crypto Change Coinbase Beats Out Binance, Lands Regulatory Approval

Coinbase has acquired regulatory approval from Singapore’s central financial institution and monetary watchdog, the Financial Authority of Singapore (MAS), to supply cost companies within the nation.  The in-principle approval will enable them to supply regulated digital cost token services and products, regulated beneath Singapore’s Fee Companies Act. The information comes after Coinbase first launched a […]Read More

Litecoin

Three Arrows Capital Liquidators Transfer to Safe the Firm’s Singapore

The Three Arrows Capital (3AC) liquidation course of has taken a brand new flip. The court-appointed liquidator of bancrupt crypto hedge fund Three Arrows Capital (3AC), Teneo, has employed a Singapore legislation agency WongPartnership LLP to persuade the nation’s Excessive Courtroom to acknowledge the liquidation order issued to 3AC final month by the British Virgin […]Read More

Regulation

Singapore Regulator Reprimands Three Arrows Capital for ‘Offering False Data’

The Financial Authority of Singapore (MAS) immediately issued a discover that crypto fund Three Arrows Capital (3AC) provided the regulator with “false data.” 3AC reportedly opened an entity within the British Virgin Islands and, based on the MAS, “novated the administration of its fund to an unrelated offshore entity.” In immediately’s reprimand, the regulator now […]Read More