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Singapore seizes $2b in assets, crypto in major crackdown

Singapore authorities intensified its anti-money laundering measures by freezing over $2 billion in assets, including cryptocurrencies, amid an ongoing investigation. Singapore has intensified its crackdown on money laundering, freezing assets exceeding $2 billion, as revealed by Second Minister for Home Affairs Josephine Teo. Notably, the extensive list of frozen assets includes

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Singapore awards major payment institution license to Sygnum Bank subsidiary

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.On Oct. 3, Sygnum Singapore announced receiving its Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS). Speaking to Cryptox, a Sygnum Singapore spokesperson

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Taiwan’s major crypto exchanges form association to advance industry interests

As Taiwan regulators prepare to lay out a crypto regulation framework in September, Taiwan’s digital asset platforms have announced the establishment of an industry association. MaiCoin Group, BitoGroup and Ace Exchange became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association. The preparatory group for the association

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