🌟 Singapore Tightens Grip on Crypto! 🌟
The game has changed in Singapore's crypto scene! 🚀 The Monetary Authority of Singapore (MAS) now requires licensing for crypto custody services and more, marking a significant shift. If you're in the biz, it's time to hustle - submit your license application within six months starting from April 4, 2024, to keep the crypto wheels turning. Don't miss the boat! ⏳🔒

Positive Spin: 🌈✨ Singapore's new crypto licensing is a game-changer! It's setting the stage for a safer, more reliable crypto future. Get ready for growth and trust to skyrocket in the fintech world! 🚀

Source : https://www.coindesk.com/policy/2024/04/02/singapore-enacts-licencing-requirements-for-crypto-custody-services-and-others
#CryptoSingapore #MAS #CryptoLicensing #FinTech
#CryptoRegulation

🌟 Singapore Tightens Grip on Crypto! 🌟
The game has changed in Singapore's crypto scene! 🚀 The Monetary Authority of Singapore (MAS) now requires licensing for crypto custody services and more, marking a significant shift. If you're in the biz, it's time to hustle - submit your license application within six months starting from April 4, 2024, to keep the crypto wheels turning. Don't miss the boat! ⏳🔒

Positive Spin: 🌈✨ Singapore's new crypto licensing is a game-changer! It's setting the stage for a safer, more reliable crypto future. Get ready for growth and trust to skyrocket in the fintech world! 🚀

Source:https://www.coindesk.com/policy/2024/04/02/singapore-enacts-licencing-requirements-for-crypto-custody-services-and-others

#CryptoSingapore #MAS #CryptoLicensing #FinTech
#CryptoRegulation

⚡️ Violet, a firm that builds Mauve #DEX has raised $15.8M in the #funding round to accelerate its global adoption

Among investors are BlueYard Capital, Balderton, Ethereal Ventures, #FinTech Collective, Brevan Howard and #Coinbase Ventures. #Web3

🐦💼 #Twitter reportedly exploring a financial data platform to create an in-app trading hub, says Semafor 📰. Bid proposals sent, but no word on responses 📩🔍. Former CEO, Elon Musk, denies these claims 🚫🚀.

#CryptoNews #Blockchain #FinTech 🚀🔗

Not a week goes by without another U.S. #FinTech company going bust or receiving a lawsuit from regulators. The biggest beneficiary of this relentless crackdown on #cryptocurrencies is likely to be Asia.

It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it.

#Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.

1. The U.S. Securities and Exchange Commission (SEC) is intensifying scrutiny of crypto funds.

2. New York-based #FinTech Investment Adviser, Titan, faces SEC penalties and settlement.

3. #Titan is charged with violating advertising and compliance rules, per the SEC.

4. The #firm allegedly promoted false claims about "hypothetical performance" on its website.

5. Such claims conflicted with SEC's #marketing regulations introduced in December 2022.

6. Titan reportedly failed to #follow suitable employee practices, including client signatures and custody information.

7. Employees used liability disclaimers to misrepresent clients' legal rights against the company.

8. Inadequate policies related to employees' personal crypto asset trading were also highlighted.

9. Titan will pay an $850,000 civil penalty, cooperate with SEC's investigation, and reimburse affected customers.

10. The company received a cease-and-desist order, censure, and $192,454 disgorgement as part of the settlement.

$BTC

🚀 Exciting news! Bitstamp, a leading cryptocurrency exchange, is in talks with major European banks 🏦💬 to bring #cryptocurrency services to a broader audience. 💱📊 This collaboration could be a game-changer for the crypto industry! 🌍💼 #CryptoPartnerships #FinTech
$BTC $BNB $XRP