Singapore2026-07-24 02:50:16Singapore Revokes Bsquared Crypto Payment License Over Compliance BreachesMAS has revoked Bsquared's Major Payment Institution License for compliance violations and providing false information. This marks a rare enforcement action against a licensed crypto firm in Singapore.180
Hyperliquid2026-07-23 16:55:16Hyperliquid Says MAS Alert List Inclusion Is Not a BanSingapore's MAS has added Hyperliquid to its Investor Alert List. Hyperliquid said the move is not a ban, not an enforcement action, and does not mean a violation finding, while user self-custodied assets remain unaffected.490
Singapore2026-07-22 15:15:13Singapore Taps Six Banks for OTC Gold Clearing Push by End-2026Singapore Exchange and six major banks are building an OTC gold clearing system targeted for completion by end-2026, alongside central bank vaulting, tokenized gold access, and expanded tax incentives.670
SBI Holdings2026-07-17 17:38:02SBI Holdings Takes Majority Stake in Coinhako After MAS ApprovalSBI Holdings has completed its purchase of a majority stake in Singapore-based crypto platform Coinhako after winning approval from the Monetary Authority of Singapore. The deal closed on July 16 through SBI Ventures Asset Pte. Ltd., which injected capital into Coinhako parent Holdbuild Pte. Ltd. and also bought shares from existing investors, turning Coinhako into a consolidated subsidiary of the Japanese financial group. SBI said it wants to pair Coinhako’s customer base, operating experience and Southeast Asia network with its own financial services, technology stack and global reach. The group said the acquisition fits its plan to build a digital asset corridor starting with Japan and Southeast Asia, while also developing services linked to its yen-denominated stablecoin JPYSC. SBI also pointed to tokenization, on-chain finance and cross-border trading as areas of interest. The transaction adds to a string of recent crypto moves by SBI, including its lead role in EDX Markets’ $76 million Series C, the launch of JPYSC, a partnership with the Solana Foundation, its June agreement to acquire Bitbank for about $289 million, and a new tie-up with Ondo Finance focused on tokenized Japanese equities.1500
Cumberland2026-07-14 01:22:56Cumberland wins MAS MPI license in SingaporeCumberland said its Singapore unit, Cumberland SG Pte. Ltd., has received a Major Payment Institution, or MPI, license from the Monetary Authority of Singapore. The announcement was made by the crypto trading and liquidity services firm on X. According to the company, the license allows the Singapore subsidiary to provide Digital Payment Token, or DPT, services as well as cross-border money transfer services. The update points to a regulatory approval that expands the range of payment-related activities Cumberland can carry out through its Singapore entity. No additional details were disclosed in the announcement cited in the source report.1370
Singapore2026-07-09 12:52:13Singapore MAS Accelerates Digital Payment Licenses, Crypto Exchange ApprovedThe Monetary Authority of Singapore has notified several digital payment service providers of upcoming licenses, following an in-principle approval for crypto exchange Independent Reserve. Experts say the move cements Singapore's status as Asia's crypto hub, attracting more firms.380
Ripple2026-07-09 04:12:15Ripple Joins Singapore Central Bank BLOOM Initiative to Test XRPL and RLUSD SettlementsRipple has joined MAS’s BLOOM initiative in Singapore, bringing XRPL and RLUSD into programmable settlement testing with Unloq. The pilot focuses on tokenized bank liabilities, compliant stablecoins, and conditional payments for trade finance and cross-border transactions.560
Ripple2026-07-09 04:08:17Ripple Joins Singapore Central Bank Initiative to Test XRPL and RLUSD for Programmable SettlementRipple has joined MAS’s BLOOM initiative in Singapore, bringing XRPL and RLUSD into a regulated pilot focused on programmable settlement, trade finance automation, and cross-border payments.490
