BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.
January 5, 2023MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.
December 2, 2022The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.
November 30, 2022MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong's SFC said licensed fund managers' exposure to FTX is "immaterial".
November 15, 2022Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.
November 3, 2022Retail investors won't be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.
October 27, 2022MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.
October 13, 2022A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
October 10, 2022The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.
August 29, 2022The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at "depressed asset prices".
August 18, 2022