Singapore / Labuan, Malaysia – Crypto exchange Tokenize Xchange announced on July 20 that it will cease its operations in Singapore by September 30, following the Monetary Authority of Singapore's (MAS) decision to reject its application for a digital payment token license.
Read MoreSingapore is making significant strides to promote tokenization within its financial sector, aiming to facilitate broader adoption of tokenized assets.
Read MoreThe Monetary Authority of Singapore (MAS) has officially launched the Global Finance and Technology Network (GFTN) as part of its ongoing efforts to establish Singapore as a leading global hub for fintech innovation.
Read MoreAustralia and New Zealand Banking Group (ANZ) has officially joined the Monetary Authority of Singapore's (MAS) Project Guardian, aiming to explore the tokenization of real-world assets (RWAs) in financial markets.
Read MoreCrypto-native financial services firm JST Digital has announced that its Singapore arm has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Read MoreSingapore, a major financial hub, has identified digital payment token (DPT) services as a sector with an increased risk of terrorism financing. This raises concerns about anonymity and money laundering within the cryptocurrency space.
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