Bitcoin Singapore

26/10/2022

"MAS proposes measures to reduce risks to consumers from cryptocurrency trading and enhance standards of stablecoin-related activities"

The Monetary Authority of Singapore (MAS) published two consultation papers proposing regulatory measures to reduce the risk of consumer harm from cryptocurrency trading and to support the development of stablecoins as a credible medium of exchange in the digital asset ecosystem.

29/08/2022

"Yes to Digital Asset Innovation, No to Cryptocurrency Speculation" - Opening Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Green Shoots Seminar on 29 August 2022

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19/07/2022

DBS Bank CEO Piyush Gupta confirms he's a Bitcoin buyer, having bought 5 and subsequently sold 1/2 on a run up, HODLing the balance.

He cuts through the crypto-blockchain mumbo jumbo, and explains why he bought Bitcoin, which could provide a store of value like gold. Read more at straitstimes.com.

05/07/2022

Reply to Parliamentary Question on restrictions on cryptocurrency trading platforms to protect members of public

Written Reply to Parliamentary Question on restrictions on cryptocurrency trading platforms to protect members of public

23/06/2022

3 more crypto licenses approved in SG:

SINGAPORE has awarded 3 more in-principle approvals for its much-coveted digital payment token (DPT) licence, which allows companies to offer crypto services. Read more at The Business Times.

08/05/2022

Congratulations local company CoinHako!

Coinhako said the total trading volume on its platform in 2021 was 1,200% higher than a year ago.

11/02/2022

Blockchain and cryptocurrencies accounted for one-third of investment in the fintech industry, which hit a five-year high of US$3.94bn

Investment in the cryptocurrency and blockchain sector in Singapore jumped more than 10 times last year to a record, a KPMG report said, cementing the city-state’s status as a cryptocurrency hub even as it remains wary of speculative digital assets. Last year saw 82 deals worth a combined US$1.48 ...

10/02/2022

In summary:
Man scammed for $34k thought he was buying crypto. Scammer launders the proceeds by buying a Rolex, selling the Rolex, then buying crypto OTC then selling the crypto and depositing the $ into various bank accounts with several accomplices.

SINGAPORE: A man was cheated of S$34,000 by a person posing as an employee at a reputable cryptocurrency company. The victim had transferred the sum to a bank account, expecting to get cryptocurrency in return. Instead, he never got the cryptocurrency. The S$34,000 was used to buy a Rolex Da

25/01/2022

PSA: Don't do this... and don't invest more than you can afford to lose.
https://www.channelnewsasia.com/singapore/man-forge-payslips-higher-credit-card-limit-buy-bitcoin-2456306

SINGAPORE: Wanting to get a credit card with a higher limit so he could buy bitcoin, a man forged his payslips and made it seem as though he received a higher salary, tricking a bank into issuing him a credit card. Lin Mingzhong, 48, was unable to repay his credit card debts and eventually declared....

17/01/2022

Cryptocurrency service providers should not promote their services to public, says MAS as it warns of ‘high risks’

SINGAPORE: Service providers of digital payment token (DPTs), or more commonly known as cryptocurrency, should not promote their services to the general public in Singapore, the Monetary Authority of Singapore (MAS) said on Monday (Jan 17). This includes placing any form of advertisements or promoti...

27/11/2021

‘PHYSICAL’ BITCOIN FUND APPROVED IN SINGAPORE

In addition to an offering that purchases actual bitcoin, Fintonia also launched a bitcoin yield fund.

03/11/2021

“We think the best approach is not to clamp down or ban these things,” said Ravi Menon on and other cryptocurrencies.