Hits, misses as crypto finds way in Singapore
About 100 applicants have dropped out of the running so far, as they were unable to meet standards under the Payments act
Tag: crypto
Singapore shows crypto commitment by rejecting most of the crypto license applicants
Regulatory bodies exist not only to protect consumers but also the country’s reputation by ensuring nefarious activities are not permitted within its borders.
Dubai World Trade Center to set up specialized crypto zone
In October, another Dubai free zone DIFC, Dubai’s state-owned financial free zone and the Middle East’s major finance centre, released the first part of a regulatory framework for digital tokens.
Crypto attracts more money in 2021 than all the previous years combined
Crypto derivatives exchange FTX, for example, closed a $1 billion Series B funding round in July that pushed its valuation to $18 billion