Ripple has secured a pivotal regulatory expansion in Singapore, receiving approval from the Monetary Authority of Singapore (MAS) to broaden its payment services using the XRP cryptocurrency and its RLUSD stablecoin. This move solidifies the company’s regulated presence in a region leading global digital asset adoption, even as XRP’s market price faces significant volatility. The expanded license empowers Ripple to offer faster, more efficient cross-border transaction services to financial institutions across Asia Pacific.
about Ripple Expands Singapore Payment Services with XRP and RLUSDMonetary Authority of Singapore (MAS)
0 in Finance and 0 in Crypto last weekRipple Expands in Asia Amid US XRP ETF Boom, Price Drops
Ripple has secured a significant regulatory expansion in Singapore, strengthening its Asia-Pacific foothold, while the United States witnesses a surge of spot XRP ETF launches attracting hundreds of millions in investor capital. However, these positive developments are juxtaposed against a sharp 8% decline in XRP’s price over 24 hours, mirroring a broader cryptocurrency market correction that has tested key support levels.
about Ripple Expands in Asia Amid US XRP ETF Boom, Price DropsChainlink Powers Trillions in On-Chain Finance
Chainlink is playing a pivotal role in bringing traditional finance on-chain, collaborating with giants like SWIFT, Mastercard, and J.P. Morgan. Its infrastructure supports trillions in value, facilitating cross-chain settlements and tokenized assets. Key initiatives include Project Guardian in Singapore and Project Acacia in Australia, both leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) for secure transactions. With a $13B market cap and a 24% weekly surge in LINK’s price, Chainlink’s real-world utility—from AI-driven document processing to private transactions—sets it apart from competitors like Avalanche and Stellar. Financial institutions are increasingly relying on Chainlink to modernize legacy systems without overhauling them.
about Chainlink Powers Trillions in On-Chain FinanceIOTA Joins Singapore’s Digital Assets Association
IOTA has officially joined the Singapore Digital Assets Association (DAA), strengthening its ties with banks, regulators, and blockchain firms in the region. The partnership supports IOTA’s expansion in trade, finance, and secure data sharing, leveraging its feeless and fast Tangle technology. Singapore remains a key destination for blockchain investment, with over $627 million in crypto-related funding and active regulatory oversight by the Monetary Authority of Singapore (MAS). IOTA’s involvement in projects like the Trade Worldwide Information Network (TWIN) highlights its potential in global trade, valued at over $33 trillion annually. The DAA membership also positions IOTA alongside compliance-focused firms like Chainalysis and DBS Bank, reinforcing Singapore’s push for secure digital asset integration.
about IOTA Joins Singapore's Digital Assets AssociationBitstamp Secures Singapore Crypto License Under New MAS Rules
Bitstamp has obtained a license from Singapore’s Monetary Authority (MAS) to operate as a regulated crypto exchange in the country, complying with new mandatory registration policies. The move aligns with Bitstamp’s broader strategy to expand in the Asia-Pacific region. MAS recently enforced stringent rules requiring all crypto firms—including those serving overseas customers—to register or risk penalties like expulsion, imprisonment, or fines. The regulator emphasized that obtaining a license would be challenging, underscoring Singapore’s cautious approach to crypto oversight.
about Bitstamp Secures Singapore Crypto License Under New MAS RulesSingapore Tightens Crypto Licensing Rules, Firms Flee
Singapore’s Monetary Authority (MAS) has implemented stringent licensing requirements for all crypto firms, even those operating solely for foreign clients, closing a regulatory loophole. The new rules, effective June 30, mandate anti-money laundering controls, local compliance officers, and cybersecurity audits, with non-compliance penalties reaching $185,000 or jail time. While MAS claims the move aims to protect regulatory integrity, it has triggered an industry exodus, with firms like Bitget and Bybit exploring relocations to Dubai or Hong Kong. Experts suggest Singapore’s approach sets a high bar for ‘substance-based’ regulation, though it risks losing businesses to more accommodating jurisdictions. The shift reflects broader global tensions between fostering crypto innovation and enforcing strict oversight.
about Singapore Tightens Crypto Licensing Rules, Firms FleeSingapore Tightens Crypto Licensing Rules for Overseas Services
Singapore’s Monetary Authority (MAS) has directed unlicensed crypto firms to stop offering services to overseas customers, closing regulatory loopholes in the blockchain sector. The May 30 mandate reinforces Singapore’s commitment to compliance amid a global crackdown on money laundering and terrorism financing. While some perceive this as a shift from its crypto-friendly reputation, the city-state has consistently prioritized regulatory oversight. The move underscores the tightening of licensing requirements worldwide, ensuring only compliant firms operate in the market.
about Singapore Tightens Crypto Licensing Rules for Overseas ServicesHuma Joins Global Dollar Network to Boost Stablecoin Use
Huma Finance has become a member of the Global Dollar Network (GDN), a collaborative initiative led by Paxos to promote stablecoin adoption. The network leverages USDG, a Singapore-regulated stablecoin available on Solana and Ethereum, designed for fast, low-cost global transactions. With $3.5–4 billion in daily stablecoin volume on Solana, USDG is poised to enhance cross-border payments and remittances. Huma’s PayFi network, which has processed over $4.5 billion in transactions, aligns with GDN’s goals of regulatory confidence and shared incentives. This partnership strengthens real-world stablecoin use cases, particularly in liquidity and pre-funding solutions for global finance.
about Huma Joins Global Dollar Network to Boost Stablecoin UseHuma Joins Global Dollar Network to Boost Stablecoin Use
Huma Finance has officially become part of the Global Dollar Network (GDN), a Paxos-led initiative promoting stablecoin adoption through regulatory-compliant frameworks and collaborative incentives. USDG, the network’s MAS-approved stablecoin, operates on Solana, Ethereum, and other blockchains, processing billions in daily transactions. The partnership aims to enhance PayFi infrastructure, enabling real-time settlements and cross-border payments while addressing liquidity challenges. With $4.5 billion in transactions already facilitated, Huma’s integration underscores the growing role of stablecoins in global finance, supported by regulatory advancements like the GENIUS Act.
about Huma Joins Global Dollar Network to Boost Stablecoin UseSingapore Tightens Crypto Rules: No Grace for Unlicensed Firms
The Monetary Authority of Singapore (MAS) has finalized its regulatory framework for digital token service providers (DTSPs), mandating strict licensing by June 30, 2025, with no transitional relief. Firms offering crypto services overseas must either obtain a license—requiring S$250,000 in base capital, S$10,000 annual fees, and AML/CFT compliance—or cease operations. Unlicensed providers face fines up to S$250,000 and three years’ imprisonment. MAS emphasized that licenses will be approved only under ‘extremely limited circumstances,’ targeting firms exploiting regulatory gaps. The move follows the 2022 FSM Act, extending MAS oversight to Singapore-incorporated firms serving foreign clients. Similar crackdowns are seen in Thailand, where unlicensed exchanges face bans from mid-2025.
about Singapore Tightens Crypto Rules: No Grace for Unlicensed FirmsSingapore Sets June 30 Deadline for Crypto Firms to License or Shut Down
Singapore’s financial regulator, MAS, has imposed a strict June 30 deadline for crypto firms serving foreign clients from Singapore to obtain a license or shut down. The policy, under Section 137 of the Financial Services and Markets Act, targets Digital Token Service Providers (DTSPs) to curb money laundering and terrorism financing risks. Firms must meet capital requirements, re-onboard customers with fresh due diligence, and comply with FATF Travel Rule standards. MAS rejected industry requests for exemptions, citing the need for uniform regulation. The move aligns with global enforcement trends, such as AUSTRAC’s recent penalty against Cointree for delayed anti-money laundering reports. As of June 2025, MAS has issued 33 digital payment token licenses, including to major players like Coinbase and Anchorage.
about Singapore Sets June 30 Deadline for Crypto Firms to License or Shut DownSingapore Sets June 30 Deadline for Overseas Crypto Firms
Singapore’s Monetary Authority of Singapore (MAS) has mandated that local crypto firms targeting overseas markets must cease operations by June 30 or risk penalties of nearly $200,000. The directive stems from MAS’s regulatory framework under the Financial Services and Markets Act of 2022 (FSM Act), which requires Digital Token Service Providers (DTSPs) to obtain a license if they wish to continue operations. No transitional arrangements will be made, meaning Singapore-incorporated entities must comply immediately or face enforcement actions.
about Singapore Sets June 30 Deadline for Overseas Crypto Firms