Photo by David McBee on Pexels.com
SINGAPORE – Singapore has tightened regulations on crypto exchanges, requiring digital token service providers (DTSPs) serving only overseas clients to obtain a licence by June 30 or cease operations. The Monetary Authority of Singapore (MAS) stated it would rarely grant such licences, citing higher money laundering risks and limited supervision capabilities. This move follows scandals like the collapses of Three Arrows Capital and Terraform Labs, which damaged Singapore’s financial reputation. Analysts welcomed the stricter controls, viewing them as necessary to protect market integrity and comply with global anti-money laundering standards set by the Financial Action Task Force (FATF).
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Fomca urges government transparency on Budget 2026 cuts, warning healthcare reductions could harm patients, staff,…
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy…
UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility…
Dunlop launches EV-ready tyres under Toyotsu Binter, strengthening Malaysian presence with new products, dealer expansion,…
The FOMC maintained that US economic activity continued to expand at a “solid” pace. Growth…
Finance Ministry raises RON97 and RON95 prices, keeps diesel unchanged, urges prudent fuel use amid…
This website uses cookies.