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Singapore Considers Imposing New Restrictions on Crypto Trading

Singapore Considers Imposing New Restrictions on Crypto TradingThe Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.” MAS Considers New Restrictions on Crypto Trading Tharman Shanmugaratnam, the minister in charge of the Monetary […]

Financial advisors still figuring out Bitcoin spot ETFs, says BlackRock CIO

100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation

100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough RegulationMore than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central bank, the Monetary Authority of […]

Financial advisors still figuring out Bitcoin spot ETFs, says BlackRock CIO