Preview Mode
singapore
CFD Popularity in Singapore Hits Lowest Since 2019, Retail Traders Turn to Prop Trading
- While 73,000 investors are still interested in CFDs, only half stayed active in 2024.
- The market evolution is marked by prop firms, transparency, and lower costs.
Wednesday, 27/11/2024 | 08:54 GMT by
Damian Chmiel
Why Singapore Traders Are Happier Than Ever (Even As Their Numbers Shrink!)
- Singapore's online trading community shrinks to 248,000 active investors, marking the third consecutive year of decline.
- Despite the contraction, client satisfaction reaches record levels as investors demand enhanced features and education.
Thursday, 14/11/2024 | 08:02 GMT by
Damian Chmiel
What Singapore should do for Token Regulation: My Suggestions for Proposed DTSPs Framework
- In the first half of 2024, Singapore's cryptocurrency and blockchain sectors grew by 22%, reaching over US$200 million.
- The MAS proposed a risk-based regulatory approach to enhance anti-money laundering and counter-financing of terrorism.
Monday, 28/10/2024 | 09:37 GMT by
Anndy Lian
OKX Gains Singapore License; Onboards Former Regulator as Local CEO
- The MPI license will allow the exchange to offer crypto trading, along with other services in the region.
- Gracie Lin, the new CEO of the Singapore unit, worked at MAS for a decade earlier.
Monday, 02/09/2024 | 07:12 GMT by
Arnab Shome
BitGo Bags Major Payment Institution Licence from Singapore's MAS
- The new licence expands regulated digital payment token services and custody solutions across Asia.
- The firm can offer regulated digital payment token services and secure custody solutions in a Class III vault.
Thursday, 08/08/2024 | 05:46 GMT by
Tareq Sikder
Singapore Grants Paxos Full Approval to Issue Stablecoins
- This approval allows Paxos to issue stablecoins under the upcoming stablecoin regulatory framework in Singapore.
- The blockchain technology firm is also authorized to issue stablecoins in the US and the UAE.
Monday, 01/07/2024 | 18:15 GMT by
Jared Kirui
After £3B Success in The EU, Revolut Enters Asia Savings Market with 5.21% Yield Accounts
- Fintech has launched Flexible Accounts in Singapore, offering customers up to 5.21% APY.
- The digital bank is partnering with Fidelity International to invest deposits into low-risk MMFs.
Wednesday, 29/05/2024 | 06:30 GMT by
Damian Chmiel
Singapore Revisits Terraform Labs' Collapse, Clarifies Licensing Irregularities
- The city-state said that the crypto platform was not performing activities requiring a license from the MAS.
- MAS wants crypto exchanges to segregate customers' assets, mitigate conflict of interest, and implement risk management processes.
Wednesday, 08/05/2024 | 16:07 GMT by
Jared Kirui
UK, Singapore Eye Private Capital in Commitment to Sustainable Finance and Fintech
- The two countries aim for standardized disclosure frameworks and mobilization of private capital for green finance initiatives.
- Recent discussions between the two nations also focused on artificial intelligence, crypto assets, and central bank digital currencies.
Wednesday, 08/05/2024 | 12:55 GMT by
Jared Kirui
Doo Financial's Subsidiary DCM Secures CMS License from MAS
- The firm can now deal in capital market products, offer financing, and provide custodial services.
- It also holds a license for providing financial advisory services, including analysis/report issuance.
Friday, 22/03/2024 | 13:10 GMT by
Tareq Sikder
MAS Greenlights BitGo Singapore with In-Principle Approval for Key License
- With the full license, the firm will enable the trading of digital assets using its insured cold storage solution.
- The firm recently obtained a German crypto custody license from BaFin.
Wednesday, 10/01/2024 | 09:40 GMT by
Tareq Sikder
See more
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}