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Home Monthly Roundup Singapore Cryptocurrency News Roundup March-April 2022

Singapore Cryptocurrency News Roundup March-April 2022

Get first dibs on the hottest news on cryptocurrency in Singapore only here at SGBusinessTalk. Read on to find out more.

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers from Canada, Singapore and Japan who send crypto outside their Coinbase accounts will be required to provide recipients’ names and addresses starting early April.

Read more: https://www.coindesk.com/business/2022/03/25/coinbase-to-require-recipient-information-for-crypto-transfers-from-users-in-canada-singapore-and-japan/

 

Singapore’s Ride-hailing App Turns to Request Finance to Expand its Crypto Payments Offering

Singapore’s Ride-hailing App Turns to Request Finance to Expand its Crypto Payments Offering

Ride-sharing app Ryde is upgrading its crypto payments capability with Request Finance, allowing it to expand the options for its users to top up their in-app Ryde wallets.

Read more: https://bitcoinist.com/singapores-ride-hailing-app-turns-to-request-finance-to-expand-its-crypto-payments-offering/




 

Singaporean Court Recognizes Crypto as Property in Theft Case

Singaporean Court Recognizes Crypto as Property in Theft Case

The lower division of Singapore’s Supreme Court has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft.

Read more: https://cryptonews.com/news/singaporean-court-recognizes-crypto-as-property-theft-case.htm

 

MAS to Take Action Against Crypto Exchanges Who Bypass Russia Sanctions

MAS to Take Action Against Crypto Exchanges Who Bypass Russia Sanctions

Tharman Shanmugaratnam, Senior Minister and Minister in charge of the Monetary Authority of Singapore (MAS) announced that the financial measures that were imposed by the Singapore Government in relation to Russia applies to all financial institutions in the country, including digital payment token (DPT) service providers.

Read more: https://fintechnews.sg/60237/digitalassets/mas-to-take-action-against-crypto-exchanges-who-bypass-russia-sanctions/

 

Grab’s Tech Head to Leave for Crypto Gaming Startup Ethlas

Grab’s Tech Head to Leave for Crypto Gaming Startup Ethlas

Wui Ngiap Foo Grab, Holdings Ltd.’s head of technology is leaving the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture. He is set to join crypto gaming startup Ethlas as its chief executive officer and co-founder. 

Read more: https://www.bloomberg.com/news/articles/2022-03-30/grab-s-tech-head-quits-for-crypto-gaming-startup-ethlas

 

Japan Crypto Exchange bitFlyer to be Sold to Asian Investment Fund

Japan Crypto Exchange bitFlyer to be Sold to Asian Investment Fund

bitFlyer, the operator of one of Japan’s largest crypto exchanges will be acquired by ACA Group, a Singapore-based Japanese private equity fund.

Read more: https://asia.nikkei.com/Spotlight/Cryptocurrencies/Japan-crypto-exchange-bitFlyer-to-be-sold-to-Asian-investment-fund

 

Singapore Tightens Crypto Oversight

Singapore Tightens Crypto Oversight

Singapore recently passed the Financial Services and Markets Bill which requires all cryptocurrency firms based in Singapore to be licensed. This requirement now applies even to firms that exclusively serve offshore clients.

Read more: https://forkast.news/singapore-tightens-crypto-oversight/

 

Luxury Car Companies in Singapore and the U.S Start Taking Crypto

Luxury Car Companies in Singapore and the U.S Start Taking Crypto

 

BitPay announced a partnership with Porsche Towson in Maryland, USA. EuroSports Global, on the other hand, launched a new partnership with Fomo Pay, the first Major Payment Institution to introduce a cryptocurrency payment method to merchants in Singapore. 

Read more: https://www.fxempire.com/news/article/luxury-car-companies-in-singapore-and-the-u-s-start-taking-crypto-974239

 

KuCoin Launches $100M Fund For NFT Creators, South Cinestar Arya Enters NFT; Bitcoin Rises 

KuCoin Launches $100M Fund For NFT Creators, South Cinestar Arya Enters NFT; Bitcoin Rises

KuCoin, a Singapore-based cryptocurrency trading platform announced the launch of a $100 million Creators Fund to support early-stage non-fungible token (NFT) projects.


Read more: https://www.outlookindia.com/business/kucoin-launches-100m-fund-for-nft-creators-south-cinestar-arya-enters-nft-bitcoin-rises-news-192242

Blockchain Project Ronin Hit by $615 Million Crypto Heist

Blockchain Project Ronin Hit by $615 Million Crypto Heist

Blockchain project Ronin announced that hackers stole cryptocurrency now worth almost $615 million from its systems, in what would be one of the largest cryptocurrency heists on record.

Read more: https://www.outlookindia.com/business/kucoin-launches-100m-fund-for-nft-creators-south-cinestar-arya-enters-nft-bitcoin-rises-news-192242

 

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