SINGAPORE

Big Picture

UK Regulators Told to Learn from Singapore’s Pro-Business Model

By Thisanka Siripala | 16/06/2025

A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.

Securities / Derivatives

Abaxx Exchange Launches Singapore Gold Kilobar Futures

By Nithya Subramanian | 16/06/2025

Abaxx also introduced Abaxx Spot, a new platform providing direct access to kilobar gold trading without the complexity of OTC channels.

Crypto / Digital Assets

Ant International Eyes Stablecoin Licence in Hong Kong – Report

By Editors | 14/06/2025

Ant International seeking stablecoin licences in Hong Kong, Singapore and Luxembourg. Hangzhou-based Ant Digital also seeking HK licence.

Crypto / Digital Assets

Bitget and Bybit Consider Move Away from Singapore: Report

By Nithya Subramanian | 12/06/2025

Both firms, which operate in Singapore without a full licence, are considering reassigning staff to Dubai or Hong Kong.

Fintech / Regtech

MAS Sets Deadline for Mandatory 2FA on Online Financial Platforms

By Nithya Subramanian | 12/06/2025

MAS has set a 12 September 2025 deadline for financial institutions to implement 2FA. Other safeguards include prompt notifications and strong password policies.

Fintech / Regtech

Singapore Eyes Green, Digital Finance to Boost China-ASEAN Ties

By Nithya Subramanian | 12/06/2025

MAS deputy managing director Leong Sing Chiong said FIs are exploring partnerships in areas such as capital market linkages, digital finance and sustainable finance.

Sanctions

US Sanctions Force Singapore Cargo Inspection Firm to Close

By Editors | 12/06/2025

US sanctions prompted customers to cancel orders and banks to stop providing services, forcing CCIC Singapore to cease operations and lay off staff.

Securities / Derivatives

SGX and B3 Launch Brazilian Real Futures Contracts in Asia

By Nithya Subramanian | 10/06/2025

The BRL contracts will boost cross-regional FX trading, offering global investors access to Brazilian Real exposure during Asian trading hours.

Enforcement

Singapore to Block Websites of Two Unlicensed Online Trading Platforms

By Nithya Subramanian | 10/06/2025

From 20 June, the Singapore public will not be able to access Octa and XM’s online platforms as they don’t have the requisite licences.