Cryptocurrency Q&A
Which cryptocurrency exchanges are licensed in Singapore?
Which cryptocurrency exchanges are licensed in Singapore?
CryptoElite
Fri Aug 30 2024
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7 answers
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I'm curious to know which cryptocurrency exchanges have been granted a license to operate in Singapore. With the increasing popularity and adoption of digital currencies globally, it's important to ensure that users in Singapore have access to reputable and regulated platforms for trading. So, can you provide me with a list of the cryptocurrency exchanges that have been officially licensed by the relevant authorities in Singapore?
7 answers
SamuraiCourageous
Sun Sep 01 2024
Crypto.com, a cryptocurrency exchange originating from Hong Kong and now headquartered in Singapore, holds the distinction of being the largest among those exchanges that have been granted a "deemed to be licensed" status.
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CryptoNinja
Sun Sep 01 2024
This recognition signifies that Crypto.com adheres to stringent regulatory requirements and operates with a high level of transparency and accountability.
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CryptoMystic
Sun Sep 01 2024
In Singapore, the landscape of cryptocurrency exchanges catering to retail customers is quite limited, with only two exchanges currently approved for such services.
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Lorenzo
Sat Aug 31 2024
The approval process is rigorous, ensuring that only exchanges with robust security measures, compliance frameworks, and customer protection mechanisms are granted licenses.
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AndrewMiller
Sat Aug 31 2024
Among these two licensed exchanges, HashKey stands out as the most recent addition, having secured its license in 2022 under the previous voluntary scheme.
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