Tag Archives: Singapore


Why Singapore Could be the Next ICO Hub

  By David Drake   Last month, the Monetary Authority of Singapore (MAS) expressed willingness to help cryptocurrency companies in the country facing challenges when opening bank accounts. In doing so, the MAS has stated, though categorically, that it has no plans of relaxing the current cryptocurrency rules in order to attract more crypto-based companies to operate in the country. […]

How Singapore’s Monetary Authority Efforts Could Foster Partnership between Banks and Crypto Firms

  By David Drake   Singapore is a country that has been building a good reputation in the world for its favorable investment environment. But beyond having a strong economy, the Singaporean government has offered support to the cryptocurrency industry and has legally allowed the use and trading of crypto with a view of gaining first-mover advantage over other countries. […]

Crypto firms opening bank accounts: relation to Singapore cryptocurrency industry success

  By David Drake   Singapore is among the top countries that have a vibrant cryptocurrency industry, coming third after the US and Japan. In a bid to boost cryptocurrency industry growth, the country’s financial regulator, the Monetary Authority of Singapore (MAS) made public its plans to help cryptocurrency firms operating within its borders to open bank accounts locally. Previously, […]

Singapore’s Financial Regulator Supports Companies to Open Bank Firms Despite Strict Crypto Regulations

  By David Drake   Singapore continues to make groundbreaking moves in the cryptocurrency world. The country has been lauded as one of the most crypto-friendly environments despite the fact that the central government has not yet recognized cryptocurrencies as legal tender. In a move that is likely to make the country more attractive to cryptocurrency companies, the country’s financial […]

How Binance’s Fiat-to-Crypto Exchange Addresses Key ICO Challenges in Singapore

  By David Drake   The world’s largest digital currency trading platform, Binance, started testing its beta version of fiat-to-cryptocurrency exchange in Singapore a few weeks ago. News about the launch of the fiat exchange were received positively as the country allows the use of virtual currencies and enjoys government support. But Binance’s decision to launch a fiat exchange in […]

Binance Moves to Uganda Just Weeks After Launching Tests on Beta Version in Singapore

  by David Drake    Just weeks after rolling out the testing phase for a Beta Version of the Singapore Fiat Exchange, Binance is on the news again having opened its first fiat-crypto exchange in Uganda this week. According to a press release by Binance Uganda, the newly launched branch is set to begin operations shortly, allowing users to make […]

Binance Launches Beta Fiat Cryptocurrency Trading Platform in Singapore

  By David Drake   The cryptocurrency industry has attracted the interest of potential investors due to its rapid growth and high returns over the years. This has significantly increased the role that cryptocurrency exchanges play in the industry as users buy and sell cryptocurrencies. Binance is one of the exchanges that is making headways in the industry. Since its […]

Will Singapore Maintain its Edge in ICOs After Beta Testing Fiat-Crypto Exchange?

  by David Drake     Singapore’s third ranking as the most favorable country for successful initial coin offerings (ICOs) has just gotten better. Binance, the leading cryptocurrency exchange in the world, now with a trading in volume comparable to Nasdaq, has introduced a fiat-cryptocurrency exchange in the country. This exchange is compatible with the Singapore dollar and is presumed to […]