The amendments seek to enhance regulation and control of goods that flow through the FTZs. Read more at straitstimes.com.
XRP price spikes as Ripple beats SEC in crypto securities battle
“Singapore has developed into one of the leading fintech and ... that cryptocurrencies are securities that come under its purview. Many inside the crypto industry, however, hope the sector is instead regulated with a lighter touch by the Commodity ...
Implications of Tether’s Regulatory Adjustments in Singapore on the Crypto Market and the Valuations of XRP and VC Spectra
On September 25, 2023, news broke that Tether had altered the ToS for its clients in Singapore. How does this news affect the crypto space in Singapore and generally? We will also examine the effect of this new development on the XRP (XRP) and VC Spectra’s (SPCT) price movements.
Singapore seeks to amend Free Trade Zones Act to combat illegal trading activities
The amendments seek to enhance regulation and control of goods that flow through the FTZs. Read more at straitstimes.com.
Singapore business park vacancy hits record highs since 2014
The vacancy rate rose to 19.4% in Q2. A Savills report recently revealed that Singapore’s islandwide vacancy level for business parks worsened again for the third consecutive quarter, rising by 0.7 of ...
Singapore sets eligibility criteria for carbon credits that can be used to offset carbon tax
To ensure the carbon credits are of “high environmental integrity”, each project has to abide by seven principles. Read more at straitstimes.com.
Singapore sets eligibility criteria for international carbon credits to offset firms’ taxable emissions
From 2024, companies in Singapore will have the option to tap on eligible international carbon credits to fulfil part of their carbon tax liability. This was introduced in November 2022 as a way to ...
Ripple gets formal approval for Singapore payments license
Ripple's Singapore-based entity has received the full license to offer digital payment services in the city-state.
Crypto firm Ripple secures Singapore payments licence
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.