Singapore’s crypto market has seen a notable increase in crypto payments, with merchant services receiving nearly US$1 billion in crypto.
Singapore’s crypto ownership drops amid selloff: survey
More than 70% of past owners said they are likely to buy crypto next year.The survey polled 6,000 adults online from May to June across five countries: the U.S, the U.K., France, Singapore and Turkey.
Singapore Crypto Ban: Casinos Block Crypto Use Amid Money Laundering Fears
The country prohibits the use of cryptocurrency in casinos, promoting cashless gaming to mitigate money laundering risks.
S’pore professional and retail investors more active than institutional ones in crypto market: Study
It comes as cryptocurrency is gradually becoming more common as a payment method in Singapore. Read more at straitstimes.com.
Singapore to Allow Cashless Bets in Casinos, Except Crypto
Singapore will allow its two casinos to conduct cashless gaming under changes made to the Casino Control Act, but will not permit the use of cryptocurrencies, CNA reported, citing Minister of State ...
Singapore Investigating Seven People for Providing Worldcoin Services
Singapore is investigating seven "subjects" for offering services of buying or selling of Worldcoin accounts and tokens which is an offence, a written reply in parliament by the government revealed on ...
Jail for ‘glorified secretary’ who facilitated crypto Ponzi scheme that scammed victims of $1.1m
Chen Wei, 43, was sentenced to 4 years’ jail and fined $6,000 for his role in the scam. Read more at straitstimes.com.
Pope lands in economic power Singapore after a joyous visit to impoverished, devout East Timor
The joyous encounter came just hours after around 600,000 people — or nearly half the population — packed a seaside park for Francis’ Mass. It was held on the same field where St. John Paul II prayed ...
Economists raise Singapore’s 2024 growth forecast to 2.6%: MAS survey
But growth outlook for key manufacturing sector slashed to 0.6%, from 1.6% in the June survey. Read more at straitstimes.com.
Singapore shares rose on Wednesday—STI increased by 0.4%
The tech-heavy Nasdaq Composite Index climbed 0.8% to 17,025.88. The S&P 500 also increased 0.5%, closing at 5,495.52 ...
Q&M Dental to acquire dental clinic business in Bukit Timah for S$800,000
Q&M Dental Group (Singapore) has entered into a binding memorandum of understanding (MOU) to acquire the dental clinic business of Veritas Dental for S$800,000. Read more at The Business Times.
‘Fewer than 100 energy-intensive buildings’ in Singapore to undergo audits, improvement works under new law
The Mandatory Energy Improvement regime, which will require owners of energy-intensive buildings to carry out an energy audit and implement measures to reduce energy use, is set to kick in from the ...
Crypto ownership dips in S’pore but is stable in US, UK and France: Poll
The report found that sell-offs here have slowed down in the past six months as the market improved. Read more at straitstimes.com.
COTD: Singapore’s trade sees 10.1% growth in Q2 with rising imports and exports
Singapore’s merchandise exports maintained a positive growth trajectory, whilst the manufacturing contraction eased in Q2 2024, McKinsey reported. Merchandise exports grew 7.6%, whilst imports ...
Indonesia, Singapore seal deal on renewable energy export
Indonesia signed an agreement to export renewable energy to Singapore, during the recent International Sustainability Forum (ISF) in Jakarta.
Singapore interested in liberalised air services pact with India: Transport minister Chee Hong Tat
India and Singapore strengthen ties through comprehensive strategic partnership, focusing on aviation and shipping cooperation for economic growth.