Bitstamp just scored a major win in Singapore – here's the tea ☕
04.07.2025
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Singapore's Monetary Authority (MAS) just handed Bitstamp the golden ticket – a license to operate in the city-state. This comes after MAS tightened the screws, demanding all crypto firms get licensed or GTFO.
Singapore's Monetary Authority (MAS) just handed Bitstamp the golden ticket – a license to operate in the city-state. This comes after MAS tightened the screws, demanding all crypto firms get licensed or GTFO.
Bitstamp's victory lap in APAC is just getting started. They're not just playing; they're here to dominate. Singapore's just the first stop.
MAS has set the bar high for licensing and will generally not issue a license. The money laundering risks are higher in such business models... MAS is unable to effectively supervise such persons.
Translation: 'We're not just handing these out like candy. Prove you're clean, or don't bother applying.'
Singapore: Crypto hub with a twist 🎢
While Singapore's becoming the go-to for crypto firms, locals are still on the fence. 94% know crypto, but only 29% have dipped their toes in. And guess what? 68% of those are holding Bitcoin. Old habits die hard.
Despite the hype, Singapore's crypto scene is like a VIP party where everyone's heard about it, but not everyone's on the list. Yet.
- • Bitstamp's in. Who's next?
- • MAS isn't playing around – clean up or ship out.
- • Singapore's crypto awareness is high, but adoption? Meh.
#legislation#cryptocurrency exchanges#crypto exchange licensing#regulation#Cryptocurrency market
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