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Singapore Implements New Legislation to Govern Crypto Market Participants 

Singapore’s financial watchdog, the Monetary Authority of Singapore (MAS), has announced that its Payment Services Act (PSA) is now live. The PSA aims to strengthen the existing regulatory framework governing cryptocurrency exchanges and other financial services platforms, while also fostering consumer protection and promote users’ confidence in digital payments, according to a press release onRead MoreRead More. дальше »

2020-1-29 18:00


Monetary Authority of Singapore To Add AML Rules To Crypto With Payment Services Act

The MAS (Monetary Authority of Singapore) has announced measures to update the existing regulatory framework guiding all digital payments. Announced early Tuesday morning, the PSA Act of 2019 (Singapore’s Payment Services Act) is aimed at introducing DPT (Digital Payment Services) under the existing AML and CTF (Anti-money laundering and counter-terrorist-financing) rules. By doing so, it […] дальше »

2020-1-28 17:44


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This Country is Now Open to Global Crypto Exchanges Expanding Locally

With Singapore’s Payment Services Act coming into effect, crypto exchange platforms can now apply for operating licenses in the country. Crypto Exchange Platforms Now Legalized in Singapore Back in September 2019, Singapore’s parliament passed the Payment Services, Bill, into law, creating the Payment Services Act with the new law coming into effect on Tuesday (January 28, 2019). дальше »

2020-1-28 12:31


Ripple’s CEO Aims to Dismantle Legacy Cross-Border Payments Infrastructure

In a recent interview, Ripple Labs’ CEO Brad Garlinghouse has indicated his ambition to replace legacy cross-border payment mechanisms with an XRP-based solution. Ripple Labs Declares War on Legacy Cross-Border Banking Practice Appearing in a podcast by The Jay Kim Show in Singapore at Ripple’s 2019 Swell Conference, Garlinghouse criticized the infrastructure for global remittances […] The post Ripple’s CEO Aims to Dismantle Legacy Cross-Border Payments Infrastructure appeared first on Crypto Briefing. дальше »

2019-11-27 17:05


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Singapore’s Pragmatic Approach to Cryptocurrency is Drawing Business to the Country

Over the last year, many cryptocurrency companies have set up shop in Singapore because of the clarity in regulation in the country. However, ComplyTech CEO, Michael Farah, believes that the newly announced regulatory framework could open up the discussion to more stringent regulation that could suppress activity, as reported by Payment Week, October 22, 2019. дальше »

2019-10-24 21:00


Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

August 30th, 2019, Singapore— Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets. Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will both list on global cryptocurrency exchange KuCoin. дальше »

2019-9-1 09:28


Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets SINGAPORE — August 28, 2019 — Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will both list on global cryptocurrency exchange KuCoin. дальше »

2019-8-30 19:47


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JP Morgan helps Canada and Singapore trial bank transfers on the ‘blockchain’

Central banks in Canada and Singapore claim to have successfully completed a cross-border payment using distributed ledger technology. The Monetary Authority of Singapore (MAS) announced earlier today that it has successfully settled an international payment with The Bank of Canada, in what it refers to as “Project Jasper-Ubin. дальше »

2019-5-2 14:03


Enjin & CoinSwitch Collaborate on In-Wallet Trading, Blockchain Explorer, and Cryptocurrency Payment Gateway for Games

Enjin and CoinSwitch have announced a threefold collaboration, which includes the integration of the CoinSwitch exchange platform into the Enjin Wallet, the launch of a custom-branded blockchain explorer for CoinSwitch platform users, and creation of an in-game payment gateway for Unity game engine. дальше »

2019-4-30 11:57


Ministry Of Law In Singapore Says Cryptocurrency Is Not Legal Tender, Warning Companies Accepting Bitcoin Payments

Singapore Law Ministry Announces The Cryptocurrency Is Not Considered Legal Tender, Warning Companies Not To Accept As Payment Cryptocurrencies have been working to find their place in various jurisdictions as countries around the world categorize them for tax purposes, payments, and more. дальше »

2019-1-24 22:08


Singapore, UK And Canada’s Joint Report Reveals Central Bank Digital Currency (CBDC) Payment Benefits

According to a brand new in depth report taken up and jointly published by the collective central banks of Canada, the United Kingdom and Singapore on November 15th, shed some profound light on the impact that Central bank Digital Currencies would have on interbank payments and transactions. According to the report, CDBC's would help improve […] дальше »

2018-12-4 11:48


Singapore Delays Decision On Electronic Wallets And Crypto Tokens Regulatory Oversight

A proposal, the Payment Services Bill, was introduced to the parliament of Singapore in an effort use the country’s central bank to oversee the providers of payment services for cryptocurrency. It would specifically apply to providers that do not fall under the jurisdiction of the Money-Changing and Remittance Businesses Act or the Payment Systems Oversight […] дальше »

2018-11-28 11:56