#Singapore

Highlights: Singapore wants to turn its existing stablecoin framework into law under the Payment Services Act. The proposed stablecoin rules would give Singapore more oversight of foreign issuers and add protections for users. MAS is updating its approach while stablecoins […]

Highlights: Singapore’s crypto job scam caused $11.8 million in losses through fake recruitment and malware. Attackers stole a Bitbucket session token and bypassed MFA to access company systems. Attackers altered deployment instructions, harvested credentials, and completed unauthorized cryptocurrency transfers. Singapore […]

Highlights: Bybit said it already blocks users in Singapore and is working with MAS to understand the alert list decision. Bybit’s concerns center on licensing, as the exchange does not hold approval under the Payment Services Act in Singapore. MAS […]

Highlights: Singapore police and crypto exchanges stopped over $2.86 million in possible crypto scam losses. More than 90 victims received direct calls or in-person intervention from officers. Blockchain tools helped trace scam-linked funds across impersonation, investment, job, and romance cases. […]

Highlights: Ripple is testing RLUSD to speed up cross-border trade finance payments. The pilot uses blockchain to automate settlement after trade conditions are verified. Recent March moves show Ripple is expanding RLUSD for regulated business payment use. Ripple is testing […]

Highlights: Standard Chartered-backed Libeara is set to launch a tokenized gold fund that will expand investors’ access to gold at significantly reduced costs.  Access to the new fund, called “MG 999,” will be limited to some category of investors. MG […]

Highlights: Ripple has secured a Singapore license to satisfy the rising demand for regulated tools across the Asia Pacific region. Ripple has expanded its payment scope to strengthen support for institutions that need faster cross-border settlement. RLUSD has also gained […]

Highlights: SGX Derivatives is set to launch perpetual futures for Bitcoin and Ethereum on November 24. Contracts feature no expiry, regulated clearing, and institutional-grade standards. Asia leads in crypto derivatives volume, now shifting toward onshore exchange models. Singapore Exchange Derivatives […]

Highlights: MAS and the Deutsche Bundesbank have joined forces to enhance the settlement of digital assets across borders. The objective of the partnership is to reduce the cost and also make international transactions faster. The two central banks will work […]

Highlights: Singapore will pilot tokenized bills settled with central bank digital currency. Stablecoin regulations will focus on reserve backing and reliable redemption. Singapore supports tokenized bank liabilities through the BLOOM initiative. The Monetary Authority of Singapore (MAS) will initiate a […]

Highlights: Coinbase has launched its business platform in Singapore to offer instant crypto payments. Singapore has become the first market to access Coinbase Business for USDC and XSGD stablecoin transactions. The Coinbase platform enables local firms to automate payroll and […]

Highlights: Coinbase launches XSGD stablecoin for global users, increasing access to Singapore dollars in the crypto space. The collaboration facilitates the smooth access to local currency stablecoins via low-cost Ethereum Layer 2 support. StraitsX and Coinbase will work together to […]