Singapore | ForkLog

ForkLog 245 04.12.2025

Singapore Launches First Commercial Quantum Computer

Singaporean firm Horizon Quantum has launched the city-state's first quantum computer for commercial use.

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ForkLog 18 02.06.2025

Singapore’s Regulator to Restrict Overseas Operations of Crypto Firms

The Monetary Authority of Singapore (MAS) has mandated that crypto companies obtain a Digital Token Services Provider (DTSP) license. Failing this, they must cease servicing overseas clients by June 30. The regulator has taken a firm stance: there will be no transition period, and violators will face sanctions. The new rules will affect companies based […]

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ForkLog 30 22.04.2025

WazirX to Resume Operations Following $235 Million Hack

The Indian cryptocurrency exchange WazirX is preparing to resume operations after a hack in July 2024. The implementation of the restructuring plan and compensation of client funds depends on the decision of the Singapore High Court. FAQ: What’s the current update on the restart of WazirX operations? A: We understand the eagerness around the platform […]

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ForkLog 13 24.01.2025

WazirX to Discuss Compensation with Hack Victims

A Singaporean court has granted the Indian cryptocurrency exchange WazirX the right to organize a meeting with clients affected by the hack in July 2024. This was reported on the platform’s blog. During the online meeting, representatives of Zettai, the Singaporean company operating the exchange, plan to discuss with users a debt restructuring scheme and […]

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ForkLog 12 10.09.2024

Singapore Investigates Worldcoin Account Sales, Arrests Made

Singaporean police are investigating seven individuals suspected of selling Worldcoin accounts and providing token trading services. This involves a potential breach of the Payment Services Act, reported Deputy Prime Minister Heng Swee Keat. According to the MAS, Worldcoin itself is not classified as a payment service, but those trading accounts and tokens of the project […]

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ForkLog 10 30.05.2024

Nansen Unveils Cryptocurrency Holdings of Singapore’s Largest Bank

Analytics firm Nansen has linked an Ethereum whale address, which holds 173,700 ETH valued at $650 million, to DBS Bank, Singapore’s largest bank. We’ve identified this $650m $ETH Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31 Dec’23 This address has made over $200m by […]

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ForkLog 6 11.01.2024

Hong Kong Urged to Lead on Crypto-ETFs

Johnny Ng Kit-chong, a member of Hong Kong’s Legislative Council, emphasized the need for the jurisdiction to “take the initiative” in implementing spot crypto-ETFs. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 “I hope that Hong Kong, amidst the rapid development and fierce competition in the virtual assets sector, can quickly […]

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ForkLog 5 28.11.2023

Singapore central bank chief says private cryptocurrencies fail the test for fundamental financial services

Private cryptocurrencies have failed the test for fundamental financial services and will not linger in the monetary space. The view was voiced by the head of the Monetary Authority of Singapore, Ravi Menon, according to Bloomberg.

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ForkLog 9 15.11.2023

Singapore central bank expands asset-tokenisation initiatives

Participants in Project Guardian, led by MAS, have launched five additional pilot projects to test asset tokenisation use cases.

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ForkLog 15 29.09.2023

Media: 3AC co-founder detained at Singapore airport

The co-founder Su Zhu of the bankrupt hedge fund Three Arrows Capital (3AC) was detained in Singapore as he attempted to depart the country.

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ForkLog 11 25.09.2023

Tether halts USDT-to-fiat transfers for Singapore-based DeFi project

Singapore-based DeFi protocol Cake said that Tether would stop converting the stablecoin into US dollars due to "changes to its rules".

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ForkLog 8 21.09.2023

Singapore authorities freeze $1.8 billion linked to cryptocurrency money laundering

Singapore police confiscated 2.4 billion SGD (~$1.8 billion) in the country’s largest case of laundering proceeds tied to digital assets.

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