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Tougher Singapore crypto regulations kick in
- Singapore increased regulations on cryptocurrency exchanges to prevent money laundering and restore confidence after scandals.
- The Monetary Authority of Singapore stated it will generally not issue licenses for these operations.
- Chengyi Ong from Chainalysis noted that financial integrity is a crucial aspect of the new regulations.
- Gibson, Dunn & Crutcher mentioned that these regulations will help Singapore comply with the Financial Action Task Force's standards.
44 Articles
44 Articles
Watauga Democrat
Tougher Singapore crypto regulations kick in
Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector.
Global Crypto Oversight Tightens as FATF Targets Stablecoins and DeFi
While only The Bahamas is fully compliant, dozens of countries have moved closer to meeting FATF’s anti-money laundering standards. Stablecoins and decentralized finance (DeFi) remain high-risk zones, with FATF citing growing illicit use—especially by North Korean-linked actors. Despite rising scrutiny, enforcement remains weak: only four jurisdictions have registered DeFi entities, and most haven’t taken supervisory action. .dark-mode .read-mo…
Singapore Tightens Crypto Regulations to Prevent Financial Crimes
The post Singapore Tightens Crypto Regulations to Prevent Financial Crimes appeared on BitcoinEthereumNews.com. Key Points: The Monetary Authority of Singapore enforces strict rules on crypto trades. Aimed at curbing financial crimes, especially money laundering. Overseas-focused firms must obtain a license or shut down operations. Singapore is implementing stricter rules on cryptocurrency trading, focusing chiefly on firms operating solely over…
Singapore to 'Thread the Needle' as Crypto Licensing Rules Take Effect - WorldNL Magazine
In brief Singapore now requires all crypto firms to hold licenses, even those serving only foreign clients. Bitget and Bybit are among major players reportedly exploring moves to Dubai or Hong Kong. The move shows Singapore’s push for stricter "substance-based" oversight as global rules tighten, experts say. Singapore's crypto licensing deadline arrived today, forcing dozens of digital asset firms to either shut down or face steep penalties, as …
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