Singapore is drawing a hard line in the sand for cryptocurrency businesses. Under sweeping new rules taking effect June 30, 2025, any Singapore-based firm offering digital token services to overseas clients must obtain a licence or cease operations immediately. Violators face stiff penalties, including fines of up to SGD 250,000 (approximately USD 200,000) and up…
Singapore, June 12— In a sweeping crackdown on crypto-fueled financial crime, Singapore police have arrested 49 individuals linked to a digital account rental scheme that enabled large-scale money laundering through cryptocurrencies. The joint operation, carried out by Singapore’s Anti-Scam Command between May 13 and 30 in partnership with digital payment firm StraitsX, marks a major…
Sci-Fi Meets Reality in a Singapore Bedroom In a bedroom tucked away in Singapore, surrounded by wires, soldering tools, and scattered prototypes, 25-year-old Jacob Uy is building what many have only seen on the big screen. With a mix of technical ingenuity and childhood imagination, Uy has brought to life working versions of Spider-Man’s web-shooter…
During the Philanthropy Asia Summit 2025, which took place on May 5 in Singapore, billionaire philanthropist Gates stated that his foundation aims to open a new office within Singapore’s city limits. Setting up relations within Singapore allows the foundation to strategically deepen its collaboration within Asia to further Singapore’s reputation as a scientific and charitable…
Addressing the dilemma of electronic waste, Singapore startup Cinch extends the lifespan of technology devices by offering them as subscription-based services to individuals and companies, including SMEs. The model aims to grant consumer tech products to customers for a fraction of their retail price. Making Tech Accessible and Circular Hamid, CEO and co-founder, shares the…
Chee Soon Juan Faces Accusations Over Switch to Sembawang West Singapore Democratic Party chair Chee Soon Juan has come under fire for his decision to leave Bukit Batok to contest for Sembawang West in the upcoming 2025 elections. During a rally on Thursday night, Health Minister Ong Ye Kung accused Chee of “abandoning” Bukit Batok…
Now, and for a long time, Singapore has been a popular center for finance and technology. Because of its thoughtful regulation and experimentation within the crypto industry, Singapore has kept its position, but now the nation needs to reflect on its future move. Either embrace the digital asset industry or maintain a restrained crypto policy.…
The crypto ecosystem is witnessing evolving changes as financial institutions vertically integrate digital assets within their businesses. The new participant to join the party is Singapore Exchange (SGX), which has revealed plans to introduce Bitcoin perpetual futures before the close of 2025. This is a strategic move by one of Southeast Asia’s leading exchanges. It…
