Why Lisbon Is Immunefi's Crypto Hub

A frank conversation with Immunefi founder and CEO Mitchell Amador about where he optimized his startup’s locations from the perspective of regulations, taxes and human health.

• 2023-07-06
• Singapore Portugal Central America South America America

Singapore asks crypto firms to deposit customer assets in a trust, restricts lending, staking services to retail users

Cryptocurrency service providers in Singapore will have to keep customer assets under a statutory trust before the end of the year, for safekeeping purposes, the city state’s central bank announced Monday.

• 2023-07-03
• Singapore service providers retail customers customer assets statutory trust legislative amendments regulatory measures

Singapore Regulator Bans Crypto Exchanges from Lending, Staking for Retail Investors

Alongside the staking and lending ban, crypto exchanges are expected to keep user funds in a Trust.

• 2023-07-03
• Singapore

First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.

• 2023-06-28
• Singapore regulatory structure digital infrastructure bitcoin ETF CoinDesk economic data Americas Edward Moya

Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset

A fintech hub turned early crypto adopter, Singapore raised billions through ICOs. Cue parties on yachts and at luxury villas. But after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital, the No. 2 spot in CoinDesk’s Crypto Hubs 2023 is searching for the right regulatory balance to encourage crypto without getting burned again.

• 2023-06-27
• Singapore Pamela Lee Crypto Winter crypto community Zhuling Chen

Now valued at $500M, Cosmose ditches Stripe to adopt Near's crypto solution

For all the investment speculation and hype, cryptocurrency has so far struggled to find meaningful use cases. Now there's some effort from Singapore to turn the general public into crypto adopters through blockchain payments. Cosmose AI, a nine-year-old company that uses AI analytics to track in-store foot traffic and engage with shoppers online, is partnering with Near, one of the blockchain protocols competing with Ethereum.

• 2023-04-24
• Singapore online payments Cosmose blockchain transactions

Crypto Exchange Luno to Withdraw From Singapore

Luno has informed the Monetary Authority of Singapore (MAS) that it is withdrawing its license application.

• 2023-04-18
• Singapore Luno

How Singapore’s crypto ambitions are taking shape and what other nations can learn

Unique in the world, Singapore is a big investor and player in digital assets while advancing regulations that favor institutions over individual crypto users, writes Danny Chong of Tranchess.

• 2023-03-09
• Singapore Singapore dollar digital assets DeFi industry participation financial institutions central bank

Binance unit plans bid for Singapore crypto license

"Once the relevant amendments to the Payment Services Act go live and the application for a custody license opens, Ceffu will make its official application with the MAS (Monetary Authority of Singapore)," the unit's Vice President Athena Yu said in a statement to Reuters. Late last year U.S. crypto exchange Coinbase, Crypto.com and DBS Vickers - brokerage run by Singapore's largest bank DBS - received similar approval from the central bank to offer payment services in the country. Binance has

• 2023-03-02
• Singapore Binance crypto exchange