Why Singapore is one of the most crypto-friendly countries

Why Singapore is one of the most crypto-friendly countries

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.At the end of 2021 — a year in which Bitcoin (BTC) and Ether (ETH) rose 100% and … Read more

Top crypto trading platform in Singapore celebrates two-year anniversary

Top crypto trading platform in Singapore celebrates two-year anniversary

As nonfungible tokens (NTFs) and the metaverse continue to take center stage, several companies involved in crypto trading are jumping on this bandwagon. One of these companies is Phemex, one of the top crypto trading platforms in Singapore. On Nov. 25, Phemex celebrated its two-year anniversary with a campaign called “Choose Your Reality.”This investment platform has … Read more

Mark Carnegie and Sergei Sergienko’s digital currency plans for business in pro-crypto Singapore

Mark Carnegie and Sergei Sergienko’s digital currency plans for business in pro-crypto Singapore

And wouldn’t you know, there’s a fee for everything.“As part of this arrangement, the Manager [MHC Digital Finance] shall receive a commission payment calculated by reference to the Timex spread from time to time (currently 1.00 per cent).”That’s some related party. With a minimum investment of $50,000, is it any wonder Carnegie is so keen … Read more

Singapore suspends crypto exchange over row with K-pop band BTS | Cryptocurrencies

Singapore’s financial regulator has reportedly suspended Bitget, a crypto exchange that is mired in a row involving South Korea’s biggest boyband, BTS.Bitget has removed the Monetary Authority of Singapore’s logo from its website, the Guardian confirmed. The platform still claims to have licences from Australia, Canada and the United States, according to its website.According to … Read more

Singapore reports 552 new COVID-19 infections and 13 deaths; 1 more imported case tests positive for Omicron variant

Singapore reports 552 new COVID-19 infections and 13 deaths; 1 more imported case tests positive for Omicron variant

SINGAPORE: Singapore reported 552 new COVID-19 cases and 13 deaths linked to the coronavirus as of noon on Sunday (Dec 5). The Ministry of Health (MOH) also reported one more imported COVID-19 case who has tested “preliminarily positive” for the Omicron variant. Case 273611 is a 37-year-old Singapore permanent resident who arrived in Singapore from … Read more

Singapore suspends crypto exchange over spat with K-pop group BTS

Singapore suspends crypto exchange over spat with K-pop group BTS

Singapore’s financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme claiming links to South Korea’s biggest boy band BTS.Singapore’s move to suspend the local operations of Bitget, a shirt sponsor of Italian football team Juventus, comes as the city-state seeks to establish itself as … Read more

Singapore business events bounce back post COVID, Hong Kong flounders

Singapore business events bounce back post COVID, Hong Kong flounders

Visitors attend the Restaurants Asia and Cafe Asia trade conventions in Singapore November 18, 2021. REUTERS/Edgar SuRegister now for FREE unlimited access to reuters.comRegisterSINGAPORE/HONG KONG, Nov 19 (Reuters) – Singapore is hosting top executives of big global companies this week at a host of conferences, marking its gradual return to normalcy and underscoring the contrast … Read more

Singapore reports 2,304 new COVID-19 cases and 14 more deaths

Singapore reports 2,304 new COVID-19 cases and 14 more deaths

HOSPITALISATIONS A total of 1,574 cases were warded in hospital, with 253 patients requiring oxygen supplementation in general wards. Fifty-one cases were unstable and under close monitoring in the intensive care unit (ICU), and 72 were critically ill and intubated. The current overall ICU utilisation rate was 66.3 per cent. A total of 2,539 cases were discharged over the past day, of whom 389 were … Read more

Singapore central bank MAS calls out crypto risks, speculative swings

Singapore central bank MAS calls out crypto risks, speculative swings

Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore.Sam Kang Li | Bloomberg | Getty ImagesSINGAPORE — Singapore’s central bank and financial regulator warned Tuesday of “sharp speculative swings” and potential risks for retail investors who put their money in cryptocurrencies.The Monetary Authority of Singapore “frowns on … Read more

Singapore to start charging Covid patients who are ‘unvaccinated by choice’ | Singapore

Singapore will no longer pay the Covid-19 medical bills for people “unvaccinated by choice”, the government said, as the country grapples with a surge in cases.The government currently covers the full Covid medical costs for all Singaporeans, as well as permanent residents and long-term visa holders, unless they test positive soon after returning home from … Read more

Singapore may see 2,000 COVID-19 deaths each year- minister

Singapore may see 2,000 COVID-19 deaths each year- minister

Cyclists pass the city skyline during the coronavirus disease (COVID-19) outbreak, in Singapore October 28, 2021. REUTERS/Edgar SuSINGAPORE, Nov 1 (Reuters) – Singapore could see as many 2,000 COVID-19 deaths annually over time, mainly among the elderly,but it was focused on avoiding excess mortality, a minister said on Monday, as the country battles its biggest … Read more

Singapore reports 3,163 new Covid-19 cases and 13 deaths, Health News & Top Stories

Singapore reports 3,163 new Covid-19 cases and 13 deaths, Health News & Top Stories

SINGAPORE – Thirteen people aged between 57 and 89 have died of complications linked to Covid-19, the Ministry of Health (MOH) said on Sunday (Oct 31). Eleven had various underlying medical conditions, while two people were either unvaccinated or partially vaccinated individuals who had no known medical conditions, said MOH in its daily virus update. … Read more

Singapore probes unusual surge in COVID-19 cases after record

Singapore probes unusual surge in COVID-19 cases after record

Surge came during a few hours in afternoon, authorities sayICU use rate nears 80%, more beds being added98.7% of recent cases show no symptoms or only mild onesSINGAPORE, Oct 28 (Reuters) – Singapore is looking into an “unusual surge” of 5,324 new infections of COVID-19, the city-state’s health ministry said, its highest such figure since … Read more

Analysis: Vaccinated Singapore shows zero-COVID countries cost of reopening

Analysis: Vaccinated Singapore shows zero-COVID countries cost of reopening

Passengers from Amsterdam arrive at Changi Airport under Singapore’s expanded Vaccinated Travel Lane (VTL) quarantine-free travel scheme, as the city-state opens its borders to more countries amidst the coronavirus disease (COVID-19) pandemic, in Singapore October 20, 2021. REUTERS/Edgar Su/File PhotoRecord surge in deaths and infection points to risksDeath toll of 280 driven by Delta variant, … Read more

Singapore extends COVID-19 curbs for a month as cases spike

Singapore extends COVID-19 curbs for a month as cases spike

The seating area at a food centre is cordoned off to restrict dining-in as part of the latest measures to curb the coronavirus disease (COVID-19) outbreak in Singapore July 23, 2021. REUTERS/Caroline ChiaSINGAPORE, Oct 20 (Reuters) – Singapore will extend its social curbs to contain the spread of COVID-19 for around a month in order … Read more

CDC travel advisories: Singapore placed at Level 4, “highest risk” for Covid

CDC travel advisories: Singapore placed at Level 4, "highest risk" for Covid

(CNN) — The US Centers for Disease Control and Prevention has added one new location to its list of “very high” risk travel destinations this week.The ultramodern city-state of Singapore has moved up from Level 3, or “high” risk for Covid-19, to Level 4, the agency’s highest risk category.This news comes on the heels of … Read more

Crypto at a crossroads: What’s next for Singapore?, Banking News & Top Stories

Crypto at a crossroads: What's next for Singapore?, Banking News & Top Stories

Crypto at the crossroads as S’pore okays firms offering digital payment token services The cryptocurrency revolution has been gathering pace of late and looks set to shift into a new gear in Singapore after three firms were given the green light to provide digital payment token services. Jargon aside, it means it will soon be … Read more

Singapore beats Canada, HK in the global crypto awareness race

Singapore beats Canada, HK in the global crypto awareness race

Singapore is the 10th most crypto aware country, ahead of Hong Kong, according to a new study. (PHOTO: Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SINGAPORE — As the price of Bitcoin soars and cryptocurrency becomes more embedded into our way of life, some countries are adjusting to this new future better than others – and Singapore … Read more

Singapore sends more than 120,000 doses of AstraZeneca COVID-19 vaccine to Thailand

Singapore sends more than 120,000 doses of AstraZeneca COVID-19 vaccine to Thailand

Last month, Thailand said it was seeking to borrow 150,000 doses of the AstraZeneca vaccine from Bhutan amid a supply shortage in the country.  On Monday, Thailand reported 10,288 new COVID-19 infections and 101 more deaths.  Thai authorities on Monday also announced that it was preparing to downscale its COVID-19 quarantine requirements for fully vaccinated international tourists and … Read more

Singapore primary schools to shift online as COVID-19 cases rise

Singapore primary schools to shift online as COVID-19 cases rise

A man receives his vaccination at a coronavirus disease (COVID-19) vaccination center in Singapore March 8, 2021. REUTERS/Edgar SuSept 18 (Reuters) – Singapore’s primary schools will shift to home-based learning for 10 days ahead of a key national examination, the education ministry said on Saturday, as the country reported 935 new COVID-19 cases the previous … Read more