The international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday.Ant International will apply for a stablecoin issuer's license…
Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms.Ant International, a Singapore-based unit of the Jack…
Beyond Aggregation: Building the Liquidity Infrastructure with B2CONNECT
Beyond Aggregation: Building the Liquidity Infrastructure with B2CONNECT
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Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry.The May 30 directive from the…
Key Points:Singapore MAS sets new licensing standards for DTSPs serving overseas clients.Authorities will generally not issue licenses after June 2025.Existing overseas-focused DTSPs must cease operations or face penalties.
Singapore’s Monetary Authority…
Authorities in Singapore will block access to Octa and XM, two brokers offering forex and contracts for differences (CFDs), for providing services to residents of the city-state without holding a…
Embattled Indian crypto exchange WazirX’s restructuring plan has hit a major snag, with the Singapore High Court declining to approve the crypto exchange’s proposed scheme to repay creditors.The decision effectively…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureLocal crypto firms in Singapore must stop serving overseas clients with token services by June 30, 2025. The…
The Monetary Authority of Singapore (MAS) has announced that it has introduced some new rules for companies in Singapore that offer digital token services, like cryptocurrencies. The rules apply to…
In brief
Singapore's financial authority has set a June 30 deadline for crypto firms operating overseas from Singapore to obtain a license or shut down, citing financial crime risks.
The new rules…