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Massa is a decentralized blockchain that uses a multithreaded block graph, allowing nodes to create blocks in parallel and process 10,000 transactions per second.
SBI Holdings Receives Singapore Regulatory Approval to Complete Acquisition of Local Licensed Exchange Coinhako
SBI Holdings, a major Japanese financial group, has obtained relevant approval from the Monetary Authority of Singapore (MAS) to complete the acquisition of Coinhako, a Singapore-licensed crypto exchange and digital wallet service provider. Coinhako is a licensed digital asset platform in Singapore, offering services including cryptocurrency trading and asset custody. (coinhako)
Cumberland Secures MAS MPI License, Enabling Digital Payment Token and Cross-Border Remittance Services
Cumberland, a crypto trading and liquidity service provider, announced on X that its Singapore subsidiary, Cumberland SG Pte. Ltd., has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license authorizes the company to provide Digital Payment Token (DPT) services and cross-border money transfer services.
Hyperliquid Responds to Inclusion on MAS Investor Alert List: No Ban or Violation Determination Involved
According to an official announcement, Hyperliquid stated that it has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List (IAL). Hyperliquid clarified that inclusion on this list does not constitute a ban, enforcement action, or a determination of misconduct; rather, the list serves primarily to alert the public that certain entities may be mistakenly perceived as licensed, authorized, or regulated by MAS.
Bybit responds to being placed on MAS Investor Alert List: engaging with regulators for clarification
crypto trading platform Bybit has stated it has noted its inclusion on the Monetary Authority of Singapore (MAS) Investor Alert List and is actively communicating with the MAS to better understand the basis for this listing.Bybit stated that it has always maintained open and constructive communication with the MAS and has continuously taken measures to prevent users in Singapore from accessing its platform, including clearly restricting this in its Terms of Service and implementing geo-blocking of IP addresses from Singapore. Bybit currently does not provide services to users in Singapore and stated it will continue to cooperate with regulatory bodies globally. Further updates will be announced at the appropriate time should there be any new developments.
Singapore MAS Aims to Shorten Private Bank Account Opening Time with "Risk-Adjusted" Approach
the Monetary Authority of Singapore (MAS) is collaborating with private banks to adopt a "risk-adjusted" approach to shorten account opening times. The Managing Director of MAS stated that the authority aims to reduce the account opening process to under one month, compared to the current median opening time for complex cases, which is approximately six weeks or longer. He noted that the move is intended to ensure banks maintain high standards while avoiding unnecessary and excessive scrutiny of clients' sources of wealth. (Bloomberg)
Singapore Revokes Payment License of Crypto Liquidity Provider BSQ
Singapore's Monetary Authority of Singapore (MAS) has revoked the Major Payment Institution license of crypto liquidity provider Bsquared Technology (BSQ) due to serious violations in its digital payment token business.MAS stated that the issues included weak risk management and conflict of interest controls, breaches of outsourcing regulations, and repeated submission of false or misleading statements during the licensed period. The revocation took effect on May 14.MAS noted that BSQ currently holds no outstanding customer assets but is still required to submit a closure certificate from an auditor. The regulator also said it is reviewing the responsibilities of BSQ's key management personnel. Currently, Singapore has 37 digital payment token service providers holding relevant licenses. (TechinAsia)
Bybit responds to being placed on MAS Investor Alert List: engaging with regulators for clarification
crypto trading platform Bybit has stated it has noted its inclusion on the Monetary Authority of Singapore (MAS) Investor Alert List and is actively communicating with the MAS to better understand the basis for this listing.Bybit stated that it has always maintained open and constructive communication with the MAS and has continuously taken measures to prevent users in Singapore from accessing its platform, including clearly restricting this in its Terms of Service and implementing geo-blocking of IP addresses from Singapore. Bybit currently does not provide services to users in Singapore and stated it will continue to cooperate with regulatory bodies globally. Further updates will be announced at the appropriate time should there be any new developments.
Robinhood Receives In-Principle Approval to Launch Brokerage Business in Singapore
According to an official announcement, Robinhood has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to launch brokerage services in Singapore, covering securities trading, exchange-traded derivatives, custody, product financing, and collective investment schemes. Robinhood stated that Singapore will serve as its Asia-Pacific headquarters to support its international expansion. Its subsidiary, Bitstamp Asia Pte. Ltd., already holds a Major Payment Institution (MPI) license issued by the MAS. Note that in-principle approval is not equivalent to a formal license; Robinhood Singapore Pte. Ltd. must still meet relevant conditions before receiving final approval to commence operations.
Caixin: Singapore Plans to Optimize Capital Requirements for Banks’ Crypto Assets, Public-Chain Assets to Receive More Favorable Treatment
According to Caixin, the Monetary Authority of Singapore (MAS) released a consultation paper on April 17, 2026, proposing more accommodating regulatory capital guidelines for crypto assets on permissionless blockchains (i.e., public blockchains) ahead of implementing the Basel Committee’s new capital requirements for crypto assets. The current Basel framework is viewed as overly stringent in its classification of public blockchain-based assets, potentially stifling banking-sector innovation. MAS plans to abandon a “one-size-fits-all” classification approach and instead allow public blockchain-based crypto assets that meet a set of principle-based criteria to be classified as Group 1 crypto assets—carrying lower risk weights and less stringent prudential requirements—to achieve regulatory technology neutrality.
Related news
Singapore MAS and ABS Jointly Establish ACT Working Group to Address AI-Driven Cyber Threats
According to e27, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly established the "AI-Driven Cyber and Tech Risk Taskforce" (ACT) in May 2026, with membership including major financial institutions such as DBS, OCBC, UOB, Singapore Exchange, NETS, and BCS. The taskforce focuses on three key areas: first, promoting industry-wide sharing of AI cybersecurity experience; second, conducting proof-of-concept tests for AI defense tools to enhance institutions' operational capabilities; third, developing security controls and response guidelines for AI threats. MAS Assistant Managing Director Vincent Loy pointed out that frontier AI is increasing the severity, scale, and complexity of cyber attacks, and the financial industry must respond with a high sense of urgency and strong collaboration.
SBI Holdings Receives Singapore Regulatory Approval to Complete Acquisition of Local Licensed Exchange Coinhako
SBI Holdings, a major Japanese financial group, has obtained relevant approval from the Monetary Authority of Singapore (MAS) to complete the acquisition of Coinhako, a Singapore-licensed crypto exchange and digital wallet service provider. Coinhako is a licensed digital asset platform in Singapore, offering services including cryptocurrency trading and asset custody. (coinhako)
Cumberland Secures MAS MPI License, Enabling Digital Payment Token and Cross-Border Remittance Services
Cumberland, a crypto trading and liquidity service provider, announced on X that its Singapore subsidiary, Cumberland SG Pte. Ltd., has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license authorizes the company to provide Digital Payment Token (DPT) services and cross-border money transfer services.
Hyperliquid Responds to Inclusion on MAS Investor Alert List: No Ban or Violation Determination Involved
According to an official announcement, Hyperliquid stated that it has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List (IAL). Hyperliquid clarified that inclusion on this list does not constitute a ban, enforcement action, or a determination of misconduct; rather, the list serves primarily to alert the public that certain entities may be mistakenly perceived as licensed, authorized, or regulated by MAS.
Bybit responds to being placed on MAS Investor Alert List: engaging with regulators for clarification
crypto trading platform Bybit has stated it has noted its inclusion on the Monetary Authority of Singapore (MAS) Investor Alert List and is actively communicating with the MAS to better understand the basis for this listing.Bybit stated that it has always maintained open and constructive communication with the MAS and has continuously taken measures to prevent users in Singapore from accessing its platform, including clearly restricting this in its Terms of Service and implementing geo-blocking of IP addresses from Singapore. Bybit currently does not provide services to users in Singapore and stated it will continue to cooperate with regulatory bodies globally. Further updates will be announced at the appropriate time should there be any new developments.
Singapore MAS Aims to Shorten Private Bank Account Opening Time with "Risk-Adjusted" Approach
the Monetary Authority of Singapore (MAS) is collaborating with private banks to adopt a "risk-adjusted" approach to shorten account opening times. The Managing Director of MAS stated that the authority aims to reduce the account opening process to under one month, compared to the current median opening time for complex cases, which is approximately six weeks or longer. He noted that the move is intended to ensure banks maintain high standards while avoiding unnecessary and excessive scrutiny of clients' sources of wealth. (Bloomberg)