$79,101.00
-0.50%$1,547.42
-1.86%$1.93
1.18%$558.94
0.13%$0.999929
-0.00%$108.70
0.84%$0.151755
1.87%$0.234926
2.56%$0.601681
3.81%$1,554.39
-0.72%$78,948.00
-0.29%$8.97
-0.53%$0.999894
-0.02%$3.09
1.18%$11.60
1.57%$0.234808
1.56%$17.38
5.07%$0.162424
11.38%$1,866.12
-0.12%$0.00001127
-1.45%$2.04
0.41%$6.22
-1.94%$281.46
2.39%$3.62
-0.10%$71.84
1.12%$0.999671
0.08%$0.99944
0.05%$4.12
0.27%$1,562.37
-0.39%$27.78
-0.87%$0.576613
-2.79%$11.75
9.57%$204.47
4.06%$1,643.40
-1.87%$52.69
2.90%$5.13
-0.53%$1.046
-0.01%$4.64
5.90%$21.49
1.99%$79,083.00
-0.28%$0.0000062
-3.99%$2.08
-3.28%$0.758395
-1.59%$29.81
-1.36%$0.690457
-0.67%$0.084357
1.42%$4.72
1.59%$1.16
-0.32%$14.48
0.02%$132.30
0.73%$1.00
0.00%$0.996668
0.33%$4.33
-2.84%$0.02082125
3.71%$208.97
5.48%$4.03
-0.55%$78,852.00
-0.33%$0.300219
1.43%$0.063492
-1.00%$3.08
6.54%$7.86
-0.76%$0.177293
3.24%$2.33
-2.63%$2.47
-0.66%$0.168836
0.02%$0.427576
-1.84%$79,063.00
0.61%$0.273997
-0.55%$9.44
9.96%$0.719463
-3.87%$4.19
-1.31%$1,262.52
4.88%$0.067002
6.42%$0.395733
1.41%$0.605766
-1.73%$1.001
-0.08%$0.98163
1.42%$0.34262
0.32%$1,540.88
-1.57%$113.82
2.36%$62.60
-3.95%$15.92
2.62%$1,618.33
-1.01%$0.564439
4.59%$0.999542
0.14%$0.999507
0.02%$0.325853
0.09%$0.644797
-1.63%$0.999696
-0.13%$0.00001016
-0.56%$0.998541
0.05%$1,753.80
-1.17%$3,021.87
0.05%$0.01173576
-1.12%$0.150927
1.99%$0.723591
1.28%$0.075291
0.74%$7.30
1.11%$78,713.00
0.11%$0.394124
-0.94%$3,032.17
0.38%$559.67
0.84%$79,100.00
-0.11%$0.478644
3.21%$0.998465
-0.12%$0.598986
1.47%$1,648.41
-0.55%$0.01347246
-0.70%$0.241787
-0.36%$0.655243
-7.60%$0.099755
1.53%$0.00000059
2.93%$0.568415
11.00%$0.153207
1.61%$34.88
12.55%$0.43512
-4.29%$0.01104169
15.05%$26.97
-0.53%$0.999357
-0.05%$1.66
5.74%$0.32968
-0.54%$1.75
4.13%$139.48
1.66%$1.80
-3.32%$0.071459
0.62%$0.997116
-0.04%$3.03
6.13%$0.00004985
-2.28%$2.66
2.07%$1,609.52
-1.69%$0.999907
0.27%$0.47623
12.20%$1.63
1.11%$0.999899
0.08%$78,032.00
-0.51%$118.32
1.78%$0.408479
-4.11%$13.29
0.62%$0.120603
-1.12%$1.00
0.04%$1.089
1.50%$0.999643
-0.01%$3.89
-13.64%$0.00454273
3.08%$0.537774
-1.99%$0.00000041
1.18%$1.082
-0.80%$110.60
0.02%$0.998508
-1.81%$0.153821
-1.07%$78,976.00
0.06%$0.213219
-1.12%$0.42545
-17.38%$78,441.00
-1.37%$0.15166
2.30%$23.32
-0.49%$2.35
-4.92%$1.065
2.40%$13.20
-0.77%$1,641.01
-1.70%$0.00655013
-3.31%$80,486.00
0.57%$0.125601
0.47%$5.14
6.62%$0.03800611
-3.31%$0.00001773
0.89%$0.997925
-0.56%$0.999362
-0.01%$78,903.00
-0.34%$38.59
-4.72%$0.555871
-1.68%$0.068226
-4.52%$0.339542
-2.32%$0.167939
11.53%$1,544.81
-1.51%$1,539.85
-1.88%$5.09
-1.98%$1,543.92
-1.82%$0.997645
0.01%$0.070959
-6.58%$0.00000157
-1.40%$0.763702
1.60%$0.398047
-0.07%$0.00605013
0.58%$1,611.86
-1.84%$0.176928
3.08%$3.92
-13.04%$0.468628
-2.37%$1,561.61
-0.71%$0.321086
5.84%$0.0000556
-1.53%$0.03056478
2.30%$0.00906839
2.47%$0.999443
0.03%$1.42
-8.34%$0.99909
-0.26%$0.00334393
-0.32%$1,569.21
-0.82%$0.338466
5.41%$2.42
-8.95%$99.86
0.18%$0.02603333
-3.02%$0.00403978
-4.22%$78,983.00
-0.02%$3,011.17
-0.04%$2.64
1.25%$0.120075
-1.79%$0.202263
-1.64%$1,519.93
-0.90%$19.88
0.59%$1,542.18
-1.91%$0.970875
1.07%$1.01
4.48%$0.999887
-0.07%$78,406.00
-0.63%$0.419086
-0.12%$0.470704
-1.16%$0.202804
-0.12%$0.524212
0.78%$20.89
-0.29%$0.226394
0.87%$0.162723
-0.80%$0.929609
6.69%$1,634.90
-0.67%$0.02741839
-0.80%$0.998386
0.15%$1,587.63
-0.36%$1,689.02
-1.89%$0.50606
2.16%$0.03044527
1.82%$12.82
-0.43%$0.091014
-0.34%$17.34
4.94%$1,679.36
-1.80%$0.999504
0.06%$0.597781
-2.86%$0.999963
-0.01%$0.00265845
8.68%$2.64
-0.11%$0.01006807
-2.56%$78,926.00
0.44%$11.86
9.74%$1,554.69
0.59%$0.051874
-1.02%$0.415998
-2.30%$1.78
1.91%$0.01951067
6.89%$0.750163
-4.27%Reading
Coinbase has received regulatory approval from Singapore’s central bank and financial watchdog, the Monetary Authority of Singapore (MAS), to provide payment services in the country.
The in-principle approval will allow them to offer regulated digital payment token products and services, regulated under Singapore’s Payment Services Act.
The news comes after Coinbase first launched a tech hub in the South East Asian country in November 2021. The firm currently has around 100 employees in the country, mostly comprised of product engineers.
Regulation and policy is going to be the factor that most meaningfully shapes the crypto industry in the next few years. On a panel at Messari Mainnet 2022, Coinbase US policy chief Kara Calvert, Haun Ventures chief policy officer Tomicah Tillemann, and Crypto Council for Innovation CEO Sheila Warren gazed into the policy crystal ball with Decrypt's Dan Roberts.
Not all the major crypto firms who applied have managed to successfully gain regulatory approval in Singapore, and Coinbase joins the relatively small number who have achieved in-principle approval in the country, including Crypto.com, Luno, and Paxos.
In February 2022, Binance Singapore withdrew its application for a license to operate in the country. But it hasn’t just been Binance that has been snubbed by Singapore regulators.
According to reporting by Nikkei Asia, over 100 of the around 170 businesses that applied to the MAS for licenses to offer digital payment token services were denied.
Despite the recent approval, crypto firms operating in Singapore are likely to continue to be under strict watch.
The MAS’ managing director Ravi Menon said the central bank would consider “further measures to reduce consumer harm” when it came to cryptocurrency investment in August 2022.
The executive said cryptocurrencies do not currently represent a “viable form of money or investment asset” due to their volatility; however, he noted that digital assets have “transformative potential, not unlike securitization 50 years ago.”
Despite the win, Coinbase still won’t be able to advertise in the country.
The MAS released guidelines at the beginning of 2022 banning crypto platforms from promoting their services to the general public, for example on buses on TV advertisements.
However, they will still be able to advertise on their websites and social media accounts.
The dive for international expansion comes despite widespread lay-offs in the firm.
Coinbase announced in June it was axing 18% of its workforce, citing the widespread collapse in crypto asset prices.
The Securities and Exchange Commission will host its first-ever dedicated crypto trading roundtable on April 11, bringing together crypto industry leaders and traditional finance experts to help “restart” and reshape digital asset regulation. The event, titled "Between a Block and a Hard Place," is the first of a four-part series announced earlier in March. These talks were designed to establish clearer frameworks for crypto companies that have long operated in regulatory uncertainty. SEC Schedu...
On Monday, World Liberty Financial (WLFI), a decentralized finance project backed by President Donald Trump, announced a proposal to distribute a small amount of its newly launched USD1 stablecoin to all eligible WLFI token holders. The test, the company wrote, would “validate the technical functionality of its airdrop system in a live environment while thanking early supporters of the project.” 🦅 We just posted a new governance proposal: To test our airdrop functionality by distributing USD1...
After more than three years, Galaxy Digital Holdings Ltd. is inching closer to a listing on the Nasdaq exchange. It now awaits a shareholder vote sometime in May. It follows a green light from the U.S. Securities and Exchange Commission on Monday afternoon to change Galaxy’s registration from the Cayman Islands to Delaware. Galaxy Digital first signaled its intent to list on Nasdaq in January 2022, marking the SEC's go-ahead as one of the last few hurdles before the company gets approved for a l...
