Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the city-state without transaction thresholds. The licence, granted by the Monetary ...
Singapore releases quality criteria for seeking UN-aligned carbon credits
The city-state intends to use offsets sourced overseas in its national climate targets under the Paris Agreement, and is pursuing bilateral deals to prevent double counting with countries such as ...
Ripple obtains MPI license in Singapore
Today, over 90% of Ripple’s business is outside of the US, and Singapore – and to a larger degree Asia Pacific – is one of its fastest growing regions. ALSO READ: Endowus teams up with world’s third ...
Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific
With the full license, Ripple will continue to provide regulated crypto payment services in Singapore. "Over 90% of Ripple's business is outside of the U.S., and Singapore – and to a larger degree ...
Singapore firm to launch crypto wallet in PH
MANILA -Singapore-based firm Account Labs will launch its crypto wallet in the Philippines next week, marking their financial product’s first venture outside Singapore as it aims to expand in ...
Sharael Taha on Income Tax (Amendment) Bill
The Bill has changes that help align it better with Singapore’s policy objectives while improving its tax administration, said MP Sharael Taha. Speaking in Parliament on Tuesday (Oct 3), he said the i ...
Payment network Ripple on hiring blitz as it secures full Singapore licence
SINGAPORE - Payment network Ripple is ramping up hiring outside the United States, with Singapore being a key market as it secures a full licence from the Republic’s regulator to offer digital token ...
Blockchain Innovations Take Center Stage In Countries Such As Singapore
enabling it to offer Digital Payment Token services in Singapore. Switzerland has global recognition as “Crypto Valley,” led by a high concentration of blockchain startups and cryptocurrency projects.
Sygnum Singapore Secures Major Payment Institution License from MAS
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This ...
Foreign-sourced disposal gains subject to tax from Jan 1
Foreign-sourced disposal gains will be subject to tax in Singapore from Jan 1, 2024 if received by entities of multi-national enterprise groups that do not have economic substance here. Read more at ...
Singapore money-laundering probe not done ‘at the behest of China’: minister
Minister Josephine Teo dispelled as ‘completely untrue’ reports that Singapore went ahead with the raid soon after Chinese Foreign Minister Wang Yi’s visit in August.
Crypto Liquidity Provider GSR Scales through Regulatory Hurdle, Secures Approval in Singapore
The regulatory compliance efforts of crypto trading firm and liquidity provider GSR in Singapore may have finally paid off.
Singapore tables amendment bills for law training, tax relief, CPF
THREE bills to make amendments to legislation – for the training regime for lawyers, income tax relief and Singapore’s Central Provident Fund (CPF) – were introduced in Parliament on Tuesday (Oct 3).
Chee Hong Tat on Income Tax (Amendment) Bill
Senior Minister of State for Finance Chee Hong Tat said the aim is not to tax capital gains but to align key areas of Singapore’s tax regime with international norms. The Bill also proposes to mandate ...
Explainer: How Singapore’s anti-money laundering rules tackle the scourge of ‘dirty money’ on different fronts
SINGAPORE: In the wake of one of the biggest money laundering probes in Singapore, three ministerial statements were delivered in parliament on Tuesday (Oct 3) to address a bevy of parliamentar ...
Singapore considers money-laundering checks for luxury cars and handbags
Singapore may subject luxury assets, including cars, watches and handbags, to anti-money laundering controls as the Asian financial hub reels from a S$2.8bn (US$2bn) money-laundering scandal.