Singapore’s Stablecoin Regulatory Framework Announced: All Details

Singapore’s Stablecoin Regulatory Framework Announced: All Details

ByNews Polite

Singapore has announced a framework for stablecoins, as the overall global crypto sector faces increased rules and regulations in different parts of the world. The Monetary Authority of Singapore (MAS) announced these rules on August 15, which now allow for stablecoins to become part of the country’s existing financial system….

Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud

Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud

ByNews Polite

Singapore has launched a probe into the Hodlnaut crypto lender to investigate its operations. The Commercial Affairs Department (CAD) from Singapore is now probing if Hodlnaut has been indulging in cheating and fraudulent activities. As per the law enforcement authorities, between August and November, several reports had claimed that Hodlnaut…

Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management

Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management

ByNews Polite

Singapore is exploring the use cases of blockchain technology to get its fintech sector ready for a futuristic revamp. The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. Two pilot…

Singapore’s Stablecoin Regulatory Framework Announced: All Details

Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses

ByNews Polite

Singapore wishes to establish itself as a ‘responsible’ hub for crypto activities. In a bid to achieve this goal, the Monetary Authority of Singapore (MAS) has called for very strict verification and licencing processes for entities dealing with virtual digital assets wishing to set up shop in the southeast Asian…