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Singapore ups crypto exchanges risk factor in update to AML/CFT laws

Singapore has escalated regulatory oversight of cryptocurrency exchanges in response to growing concerns over potential risks associated with digital assets.

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Singapore has escalated regulatory oversight of cryptocurrency exchanges in response to growing concerns over potential risks associated with digital assets.

The Monetary Authority of Singapore (MAS) has intensified scrutiny on cryptocurrency trading platforms, citing heightened risks such as money laundering, terrorism financing, and investor protection. This move underscores Singapore’s commitment to bolstering regulatory frameworks to mitigate these risks within the burgeoning crypto sector.

The MAS’s decision follows a series of global regulatory developments aimed at enhancing transparency and accountability in the digital asset space. Singapore, known for its robust financial ecosystem, aims to strike a balance between fostering innovation and safeguarding against illicit activities in the cryptocurrency market.

The regulatory measures include enhanced due diligence requirements for crypto exchanges and stricter adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. These steps are designed to strengthen the resilience of Singapore’s financial system while promoting responsible conduct among cryptocurrency service providers.

The MAS’s proactive stance reflects a broader trend towards regulatory clarity and oversight in global cryptocurrency markets. As digital assets continue to gain traction among investors and consumers, regulatory authorities worldwide are stepping up efforts to ensure compliance and mitigate potential risks associated with their use.

Market participants and stakeholders in Singapore’s cryptocurrency ecosystem are expected to adhere to heightened regulatory standards as part of efforts to enhance market integrity and investor confidence. The MAS’s measures are poised to shape the future landscape of cryptocurrency regulation, positioning Singapore as a proactive and responsible jurisdiction in the evolving digital economy.

As regulatory oversight evolves, Singapore remains committed to fostering a conducive environment for innovation while safeguarding against financial crimes and protecting investor interests. The MAS’s initiatives underscore its role in promoting sustainable growth and stability within the digital asset ecosystem, setting a precedent for global regulatory frameworks in the cryptocurrency industry.

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Binance launches in Syria after Trump lifts sanctions

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Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

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GameStop plunges 12% after proposing new $1.75B debt offering

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GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

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Peaq and UAE bet on tokenized machines to power future economy

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The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

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