Cryptocurrency Analysis and News Portal
The Inland Revenue Authority of Singapore, or IRAS, issued updated tax guidance for digital tokens on April 17. The guidelines concern payment tokens, utility tokens, security tokens, and tokens issued through initial coin offerings, or ICOs.Fluctuations in the value tokens held by miners, ICO issuers, businesses, and individuals are not
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KuCoin.com, the primary web domain of cryptocurrency exchange KuCoin, has been locked since the end of March by order of the High Court of Singapore.The court issued a temporary injunction on March 24 barring KuCoin from moving its assets, including its website, from the country. A March 30 email
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While global cryptocurrency firms increasingly come to Singapore to benefit from its crypto-friendly ecosystem, some local firms are also expanding their operations beyond local jurisdiction.Bitget, a Singapore-headquartered digital asset platform, has obtained regulatory approval from the United States Financial Crimes Enforcement Network (FinCEN), the primary regulator for money service
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Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. 28 with the Payment Services Act. However, the Monetary Authority of Singapore (MAS) still
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The world's top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore.According to a report from Bloomberg on Sunday, the firm's CEO and co-founder Changpeng "CZ" Zhao said in an interview that an application has already been submitted to the island state's
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As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related
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The Monetary Authority of Singapore (MAS) has greenlit a tokenized securities trading firm for full operations within the city-state.Announced Monday, iSTOX has graduated from the Singapore central bank’s fintech regulatory sandbox and is set to be one of the first securities token platforms that is licensed as a capital markets
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“Phemex is ten times faster than traditional crypto trading platforms with the ability to manage 300,000 TPS – the fastest matching engine online,” said Tao, who specialized in high-frequency trading. No existing platform has achieved such transaction speeds, he said. Source
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Bakkt, the bitcoin subsidiary of NYSE owner ICE, has announced the launch date and specs for its Singapore-listed, cash-delivered bitcoin futures. Source
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Bakkt, an institutional derivatives platform, broke into the limelight with its plan to launch the first-ever physically settled Bitcoin futures contract. After the successful launch of said product, the company has confirmed they will be facilitating cash-settled futures on ICE Futures Singapore, November 22, 2019. Crypto Derivatives See Major Boost In September
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