Singapore Monetary Authority Plans To Ban Crypto Credits, But Why?
The plans to add crypto to credit cards impressed the community. With such additions, users can access credit facilities in crypto for payments or other activities. A credit card is one of the fastest means of accessing money for payments. Many countries operate a cashless economy whereby debit and credit cards reign. But according to […]
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Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Friday that the Monetary Authority of Singapore will be closely monitoring the use of digital currency in the country (which includes bitcoin, of course), and may even introduce regulation down the line if they feel it is appropriate. The news comes in a response to an inquiry from Parliament member Mary Liew, who asked whether the Singaporean government had plans to regulate digital currency, and whether they would educate the public on the risks of trading and investing in it, too. Tharman noted that there isn't....
Ripple CEO Brad Garlinghouse pays tribute to the UK’s Financial Conduct Authority, as well as the Monetary Authority of Singapore. In a tweet, Garlinghouse spoke highly of the way each regulatory authority oversees their respective territories. Going further, Garlinghouse said it’s no wonder that both the UK and Singapore have burgeoning crypto industries. 1/ UK’s […]
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC co-founder Su Zhu and his wife.
Monetary Authority of Singapore Accuses 3AC of Misleading Regulators and Exceeding AUM limits
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, seems....
Singapore’s financial regulator has added Binance to the investor alert list, signifying that the crypto exchange is unlicensed to provide payment services in the nation. The Monetary Authority Of Singapore Adds Crypto Exchange Binance To The Investor Alert List As per a report from Bloomberg, the Monetary Authority of Singapore says Binance doesn’t have a […]
Considering the higher risk involved in cryptocurrency, the Monetary Authority of Singapore (MAS) has tightened the procedure to approve a crypto license for digital asset providers, making the regime a “responsible global crypto hub.” Ravi Menon, the managing director of MAS, stressed enacting a more strict process while issuing a company legal license to operate […]