Singapore2026-09-03 02:06:02Singapore MAS proposes stablecoin rules with 100% reserves and a ban on holder yieldThe Monetary Authority of Singapore on Sept. 1 released a consultation paper proposing changes to the country’s stablecoin rules under the Payment Services Act. The draft would require issuers to hold reserve assets equal to at least 100% of circulating stablecoins, keep those assets in segregated accounts, and place them with licensed financial institutions. It would also bar issuers from paying interest or any other return to stablecoin holders. MAS said stablecoins may be used for payments, but should not be treated by the public as investment products or interest-bearing substitutes for bank deposits. Ho Hern Shin, MAS deputy managing director for financial supervision, said well-regulated and credible stablecoins could serve as reliable settlement assets in tokenized financial markets while reducing risks for users and the broader financial system. The consultation runs through Oct. 16. MAS is also studying whether to allow limited recognition of foreign stablecoins regulated under comparable overseas frameworks, though details such as the recognition process, liability allocation for jointly issued cross-border stablecoins, and transition arrangements for existing issuers in Singapore have not been settled. The proposal comes as Ripple tests RLUSD in an MAS central bank sandbox under Project BLOOM.30
Singapore2026-10-08 05:00:48Singapore’s 1exchange explores listing Ondo Stocks for qualified investors in AsiaSingapore-based digital securities exchange 1exchange said on Oct. 8 that it is exploring a potential listing for Ondo Stocks, the tokenized stock product under Ondo Finance, for qualified investors in Asia. The exchange operates under the supervision of the Monetary Authority of Singapore and focuses on tokenized securities trading. 1exchange said the potential listing remains at an exploratory stage, and whether it goes live will depend on due diligence, listing requirements, and other relevant conditions. The company also added a specific disclaimer: mentioning Ondo Finance does not mean Ondo Finance has endorsed, approved, cooperated on, or participated in the matter. Ondo Finance had previously said that institutional investors can convert the relevant stocks into tokenized shares. If the listing is completed, it could expand trading access for tokenized U.S. equities and other real-world assets among qualified investors in Asia.60
Hyperliquid2026-10-07 16:46:24Hyperliquid says it is unregulated as MAS says the platform falls outside its remitHyperliquid Labs has confirmed to the Financial Times that its registered headquarters is in Singapore, while the Monetary Authority of Singapore said it does not view the platform as falling within its regulatory perimeter because of its decentralized nature. MAS also said it is not aware of Hyperliquid being regulated in any major jurisdiction. Hyperliquid said it is currently unregulated, has never claimed to be licensed or authorized by MAS, and is willing to engage constructively with regulators. According to the Financial Times, an around 11-person team led by co-founder Jeff Yan moved to Singapore in 2024, and company filings and recent job postings indicate the firm has an office there. MAS had previously placed Hyperliquid on its investor alert list on June 26, a list meant to warn the public about entities that could be mistaken for being licensed or regulated by MAS. Hyperliquid said at the time that inclusion on the list did not amount to a ban, enforcement action, or a finding of wrongdoing. Singapore will require locally based firms serving only overseas customers with digital token services to obtain a license from June 30, 2025, and MAS said such licenses will be granted only in very limited cases.50
US Government2026-10-07 13:54:04US government moves 833.6 BTC and 40,285 BNB while still holding about $28 billion in crypto assetsWuBlockchain’s daily roundup highlighted four policy and market-related developments. First, a US government-linked address moved 833.6 BTC, worth about $71.56 million, to Coinbase Prime, and also transferred 40,285 BNB worth roughly $31.63 million. After several hops, the BNB was sitting at address 0xBE7...81E. The government-linked wallets still hold about $28 billion in digital assets, mainly 324,000 BTC valued at around $27.7 billion. Second, consumer-focused crypto network Abstract said it will wind down operations and formally shut the network on Dec. 15, 2026. Users must move assets out through the Migration Hub or the native bridge before that date, or the funds will become inaccessible. Parent company Igloo said it lost tens of millions of dollars over the past two years while trying to keep the chain running and find a viable business model. Third, the Financial Times reported that the Monetary Authority of Singapore said Hyperliquid is not regulated by MAS, while Hyperliquid Labs confirmed to the newspaper that its headquarters are in Singapore. Fourth, South African bank FNB launched a crypto investing service that supports BTC, ETH, XRP, SOL and USDT through its existing stock trading platform.50
Hyperliquid2026-10-07 00:02:30Hyperliquid Labs says its headquarters are in Singapore after MAS says platform is not regulatedHyperliquid Labs has confirmed to the Financial Times that its headquarters are in Singapore, after the Monetary Authority of Singapore said it was not aware of the decentralized derivatives exchange being regulated in any major jurisdiction. The regulator had also warned investors that Hyperliquid’s perpetual contracts are not regulated by MAS. According to people familiar with the matter cited by the Financial Times, MAS viewed Hyperliquid’s decentralized nature as a reason it should not be treated as headquartered in Singapore and therefore outside the regulator’s scope. Hyperliquid, for its part, said it has not claimed, and has never claimed, to be licensed or authorized by MAS. The company also said it will continue constructive discussions with regulators. Company documents reviewed by the Financial Times showed that Hyperliquid Labs’ registered headquarters is in Singapore.50
Hyperliquid2026-10-06 23:56:20Hyperliquid says it is headquartered in Singapore as MAS says it is outside its regulatory scopeHyperliquid Labs has confirmed that its headquarters are in Singapore, with company filings listing Singapore as its registered base and recent job postings indicating it also maintains an office there. The disclosure comes after the Monetary Authority of Singapore, or MAS, said it does not view Hyperliquid as falling within its regulatory remit. MAS also said it was not aware of Hyperliquid being regulated by any major jurisdiction. Hyperliquid Labs said the platform is currently unregulated and added that it has never claimed to be licensed or authorized by MAS. The company’s products let users trade price movements across a range of assets, including cryptocurrencies, crude oil and stocks. The statements place Hyperliquid’s operating status and regulatory position in focus as scrutiny around offshore crypto trading platforms continues.50
Hyperliquid2026-10-06 23:55:31FT: Hyperliquid lists Singapore as headquarters, while MAS says it falls outside its remitHyperliquid Labs has confirmed that its headquarters is in Singapore, according to a report by the Financial Times. Company filings identify Singapore as its registered headquarters, and recent job postings indicate the firm also has an office there. Even so, the Monetary Authority of Singapore, or MAS, has not treated Hyperliquid as falling within its regulatory perimeter. People familiar with the matter told the Financial Times that MAS viewed Hyperliquid as having a decentralized character and therefore did not consider the company to be under Singapore’s regulatory scope. MAS also said it was not aware of Hyperliquid being regulated by any major jurisdiction. The platform is known for high-leverage perpetuals trading, with products tied to price movements in cryptocurrencies, oil and stocks. Hyperliquid Labs said the platform is currently unregulated and has never claimed to be licensed or authorized by MAS.50
Singapore2026-09-30 13:00:00Chainalysis says Singapore crypto activity hit $284 billion as institutional trading surgedSingapore posted the strongest crypto growth in Central and Southern Asia, Southeast Asia and Oceania over the year ended June 2026, with total activity rising 55.4% to $284 billion, according to Chainalysis. The report said the gain came largely from institutional platform activity, which jumped 94% to $60 billion and was concentrated among a small group of market makers, over-the-counter desks and institutional brokerages. That expansion came even as the broader CSAO region contracted 6.8% over the same period. The data arrived as Singapore continued to tighten rules for crypto firms while also backing tokenization, stablecoins and digital-asset settlement. In 2025, the Monetary Authority of Singapore required locally based crypto firms serving overseas customers to obtain a license or leave the market. StraitsX CEO Tianwei Liu said that shift reduced speculative activity while leaving more banks and large companies using blockchain in production. MAS has also pushed ahead with initiatives including BLOOM, which supports trials involving regulated stablecoins and tokenized bank money. Ripple joined the program on March 25 to test cross-border trade settlement using RLUSD. Elsewhere in the region, Chainalysis found heavy small-value P2P usage in the Philippines, Thailand and Vietnam, alongside rising cross-border stablecoin flows.290
