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Tag: crypto

Posted on 04/12/2024

Singapore’s dtcpay to End Support for Bitcoin and Ethereum to Focus on Stablecoins by 2025

With this shift, dtcpay aims to deliver a more scalable and compliant payment ecosystem while adapting to evolving consumer needs.

Posted on 04/12/2024

Singapore export payments drop 27% YoY in 2024: Instarem

Singapore's export payments fell 27% YoY in 2024, which may reflect a shift toward domestic priorities, Instarem said.

Posted on 04/12/2024

Most firms don’t expect better business conditions despite earning higher revenue

The report revealed that 65% of companies experienced revenue growth this year, marking a 2% increase from the previous year. However, only 36% of respondents expressed confidence in an improvement in ...

Posted on 04/12/2024

Exxon eyes $1 billion sale of Singapore petrol stations to focus on high-profit sectors

US major Exxon Mobil is planning a sale of its petrol stations in Singapore in a deal that could raise $1 billion, Bloomberg reported.

Posted on 03/12/2024

Singapore’s property tax changes to ease costs for most homeowners in 2025

In a release, the Ministry of Finance announced that 90% of owner-occupied private properties will benefit from reduced tax bills, supported by a one-off rebate of 20% for HDB flats and 15% for ...

Posted on 03/12/2024

Crypto payment platform Dtcpay to drop BTC and ETH, shift to stablecoins

Starting in January 2025, Dtcpay will only support fiat and stablecoins transactions including USDT, USDC, FDUSD and Worldwide USD (WUSD).

Posted on 03/12/2024

Crypto payment firm Dtcpay shifts to stablecoin-only payments model

Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to phase out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions. Dtcpay took to X on Dec.

Posted on 03/12/2024

WEEX Partners with Michael Owen to Champion Their Revolutionary Crypto Trading Experiences

WEEX, a leader in the world of cryptocurrency exchanges, is excited to announce a groundbreaking partnership with soccer legend Michael Owen. This collaboration marks a thrilling fusion of ...

Posted on 03/12/2024

Building Dubai’s Crypto Hub, The Story Of DMCC’s Leadership

Explore Dubai's journey to becoming a global crypto hub, from early blockchain pilots to the rise of the DMCC Crypto Centre under Ahmed Bin Sulayem’s leadership.

Posted on 03/12/2024

Crypto.com partners with HackerOne for $2M bounty program

Crypto.com, trusted by more than 100 million customers worldwide and the industry pioneer in regulatory compliance, security and privacy, announced that it has upgraded their existing bug ...

Posted on 03/12/2024

Man gets $1.5m fine for evading duty and GST on 427 imported vehicles

A 44-year-old man involved in various vehicle businesses has been fined $1.5 million for fraudulent evasion of duty and goods and services tax (GST) on 427 motor vehicles imported into Singapore ...

Posted on 03/12/2024

$1.5m fine, 5 weeks’ jail for man who recruited ‘fall guy’ to evade duty, GST on hundreds of imported cars

A 44-year-old man was fined $1.5 million on Dec 2 for fraudulent evasion of duty and goods and services Tax (GST) on 427 motor vehicles imported into Singapore between January 2019 and October 2020.

Posted on 03/12/2024

Singapore court restrains crypto litigation in Hong Kong

A Singapore court has restrained a BVI-incorporated company from pursuing litigation in Hong Kong against a US developer of stablecoins, finding the case should be heard in SIAC arbitration.

Posted on 02/12/2024

Man in Singapore fined RM6.7mil for evading duty, GST on 427 motor vehicles imported into Singapore

A 44-year-old man involved in various vehicle businesses has been fined S$1.5 million (RM6.7 million) for fraudulent evasion of duty and goods and services tax (GST) on 427 motor vehicles imported ...

Posted on 02/12/2024

Singapore PMI up 0.2 point in November, echoes improved regional factory activity

SINGAPORE’S overall factory activity rose in November, mirroring a region-wide improvement in manufacturing sentiment. Read more at The Business Times.

Posted on 02/12/2024

Man fined $1.5m for evading duty, GST on 427 motor vehicles imported into Singapore

Tan was on Jan 2 fined $3.6 million for fraudulent evasion of duty and GST on 983 motor vehicles imported into Singapore between November 2018 and October 2020. The Singapore Customs and LTA said he ...

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