Singapore Enforces Licensing for Crypto Custody and Related Services.

Singapore is expanding its Payment Services Act to include token custody and a wider range of financial transactions, effective from April 4, 2024.
The aim is to establish Singapore as a leading hub for digital assets by introducing stricter requirements for digital payment token service providers.
The updated regulations mandate closer oversight of firms involved in the exchange and transfer of digital tokens, with affected entities required to comply within 30 days and submit a licensing application within six months.
This move highlights Singapore's commitment to fostering innovation in the digital asset space while ensuring robust safeguards against money laundering and terrorism financing.

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💰 Binance’s Announcement Sparks Buzz in the Crypto Community

Crypto exchange Binance joins other exchanges to announce listing on much-anticipated Wormhole's W token with seed tag applied.

Story Highlights :

• Binance announces Wormhole's W token listing.
• W token secured major listings across multiple crypto exchanges.
• Wormhole set massive demand as exchanges hurried to list the token.

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Bitcoin and altcoins this week

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🥇 Ark's Spot #Bitcoin ETF experiences the largest daily outflow of any #Bitcoin ETF, excluding Grayscale, with a record $88 million exiting the fund.

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"How is your crypto going?"

Me:

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JUST IN : EU 🇪🇺 regulators may require DeFi frontends to obtain a MiCA license in 2025.

Only KYC compliant online frontends will be allowed, publishing normal DeFi frontend internet domains impossible.

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⚡NEW : Bank of England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 to open digital securities sandbox applications as early as autumn 2024.

The Block Pro has reported that the Bank of England will allow the first batch of applicants to enter the digital securities sandbox as early as autumn 2024.

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💰 Ethereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, or 155% more than in the first quarter last year.

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JUST IN : #Binance 🟠 Stops Support for Bitcoin NFT Trades.

Binance NFT will no longer support trades and deposits of #Bitcoin NFTs after April 18, 2024. Users are urged to withdraw their Bitcoin NFTs through the Bitcoin network by May 18, 2024.

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Altcoins trying to hype Bitcoin

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💰 Ripple to Launch Stablecoin Pegged to the US 🇺🇸 Dollar.

Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations.

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Some big names that changed the world

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🪙2 weeks and 2,000 blocks remain until Bitcoin halving.

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Goodbye bear, the halving is near.

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