Singapore


Policy

Ripple Can Now Offer Wider XRP, RLUSD Services After Singapore Regulator Approval

The permissions give Ripple more bandwidth to offer token-based settlement and related payment services to banks, fintechs and crypto firms operating in the city-state.

ripple

Markets

SGX’s Bitcoin and Ethereum Perpetual Futures Debut Strong with $35 Million Volume

Trading volumes reached nearly 2,000 lots traded on day one, representing about $35 million in notional value.

Singapore skyline (Mike Enerio/Unsplash, modified by CoinDesk)

Policy

Singapore's Central Bank to Trial Tokenized Bills, Introduce Stablecoin Laws

The Monetary Authority of Singapore sees a wholesale CBDC as an anchor for a system in which private settlement assets are used for different market needs.

Singapore skyline (Mike Enerio/Unsplash)

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Markets

Asia Morning Briefing: Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance

Monetary Authority of Singapore spokesperson tells CoinDesk that entities not regulated as financial institutions are not subject to sanctions measures.

The Russian flag waves against an almost cloudless sky. (CoinDesk archives)

Markets

Asia Morning Briefing: Why Russia-Linked Stablecoin Issuer A7A5 Could Exhibit at Token2049 Despite Singapore Sanctions

Singapore made a bold move in its usual foreign policy of neutrality by sanctioning Promsvyazbank, a bank associated with the ruble stablecoin issuer A7A5, due to Russia's invasion of Ukraine. But A7A5 was able to legally make an appearance at Token2049 because the conference is organized by a Hong Kong entity.

Bo Hines speaks at Token2049 (Token2049)

Markets

OKX SG Brings USDT and USDC Scan-to-Pay to Singapore’s Everyday Shopping

The OKX Pay service involves collaboration with crypto infrastructure provider StraitsX and Southeast Asia's "everyday everything" app Grab.

The Merlion in Singapore (PokkO/Shutterstock)

Markets

DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access

The launch builds on other tokenization pilots, with DBS moving from permissioned blockchains to Ethereum’s public network as banks test how tokenized assets will scale across global markets.

Singaporean flag under helicopters (Tomas Vyšniauskas/Unsplash)

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Finance

EDX Unveils International Crypto Trading Platform With Perpetual Futures

EDX International, the Singapore-based global hub of the firm, is offering trading in 44 cryptocurrency pairs, including Bitcoin, ETH, Sol, and XRP.

Banks in Singapore (Aditya Chinchure/Unsplash)

Policy

Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines

Singapore hits banks with $21.5M in fines over a $2.2 billion money laundering scandal involving cash, property and crypto

Banks in Singapore (Aditya Chinchure/Unsplash)