Singapore

Singapore's Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures.

By Paddy BakerJul 13, 2020

Policy

Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin

Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.

By Sebastian SinclairJul 3, 2020

Markets

Singapore Begins Crackdown on Unlicensed Bitcoin Sellers

Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales.

By Danny NelsonJun 24, 2020

The charges appear to be Singapore's first attempt to enforce its new ban on unlicensed crypto sellers. (Tremendous Shots/Shutterstock)

Tech

Singapore Ride-Sharing App Lets Customers Pay With Bitcoin

Singapore-based Ryde announced it will be the first ride-hailing service to incorporate bitcoin payments into its own app.

By Sandali HandagamaJun 17, 2020

Markets

Gemini Plots Singapore Expansion With Appointment of New Asia Director

Gemini has appointed a new Managing Director of Asia-Pacific, and is now applying for a license to operate in Singapore.

By Jaspreet KalraJun 11, 2020

Cameron and Tyler Winklevoss (Credit: Shutterstock)

Finance

Genesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker

Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t.

By Nate DiCamilloMay 21, 2020

Genesis CEO Michael Moro speaks at Invest: Asia 2019.

Markets

Exchange Run by Ex-Morgan Stanley Team Drops Trading Fees for Subscription Model

The subscription model offers smaller frequent traders a flat fee monthly, something normally only major clients get.

By Paddy BakerMay 13, 2020

Markets

Singapore Won't Tax Airdrops or Hard Forks Under New Crypto Guidance

Singapore’s tax authority has clarified how it taxes the transaction of payment, utility and security tokens.

By Danny NelsonApr 20, 2020

IRAS asked bitcoin accepting contractors to calculate their tax burden using Coinbase and Binance’s exchange rates. (Image: Wikimedia Commons)

Finance

Huobi Exchange Plots Return to US Crypto Market as Soon as This Month, Exec Says

Global crypto exchange Huobi could resume business in the U.S. as early as this month, five months after ceasing operations there, an executive said.

By David PanApr 8, 2020

Huobi VP Ciara Sun says the crypto exchange wants U.S. investors to come back to a leaner, more efficient operation.

Image via Twitter

Policy

Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime

Cryptocurrency firms can continue operating but must apply for a license by summer under new rules

By Sebastian SinclairMar 27, 2020

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