Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut […]

On Monday (January 17), the financial regulator of one of the world’s most crypto-friendly nations, the Monetary Authority of Singapore (“MAS”), published PS-G02, which was titled “Guidelines on Provision of Digital Payment Token Services to the Public”. In the Introduction part of this document, the MAS pointed out that it has “consistently warned the public […]

The United Kingdom regulator intends to bring crypto promotions into line with other financial advertisements, to make sure these advertisements are transparent and fair. (Read More)

OCBC Bank has begun making goodwill payouts since 8 January 2022 to customers who had fallen prey to the recent SMS phishing scam. To date, more than 30 customers have

The post OCBC Bank Makes Goodwill Payouts to SMS Phishing Scam Victims appeared first on Fintech Singapore.

Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Singapore’s Central Bank Discouraging Crypto Trading by the General Public The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday […]

In its newly issued set of guidelines for digital payment token (DPT) providers, the Monetary Authority of Singapore has barred them from marketing their services in public areas. The guidelines, issued on Jan. 17, prohibited DPT companies from advertising their services in public places such as public transportation, public transportation venues, public websites, social media platforms, broadcast, […]

Read full post The Monetary Authority of Singapore bars crypto service providers from advertising in public places. on Chaintimes.com.

The derivative exchange Bitget issued a statement saying, “a recent report by the Financial Times claiming the platform was suspended from operation in Singapore for being mired in a row involving K-pop band BTS was inaccurate. ” Bitget points out that such an incorrect report is highly misleading as it has delivered the false message to its users, partners, and the broader media community.

The exchange clarifies that it has submitted materials to the Monetary Authority of Singapore and is now queuing for a license. There is no such suspension due to any of the reasons described in the news report. Regarding the dispute involving Army coin, Bitget has immediately delisted the token as soon as it spotted its infringement issue. The platform has also asked the project owner to take responsibility for any disputes arising in relation to this matter and protect the rights and interests of users.

Regarding the issue related to Army coin, Bitget says it has always put user asset security in the first place and established a strict review process to ensure only qualified projects can be listed. It will further tighten up scrutiny and listen to the voice of users through enhanced interaction.

Bitget has maintained a healthy operation as a global trading platform for 3 years. It actively seeks to comply with local regulations and has secured licenses in multiple countries. Partnering with the Italian soccer giant Juventus and Esports platform PGL, Bitget has built up a good reputation as a credible exchange worldwide.

Company: Bitget (Singapore Headquarter)

Contact Person: William Gates

Email: BD@bitget.com

Website: www.bitget.com

Telephone: +65 6721 9775

City: Singapore