Crypto exchange Tokenize to shut down Singapore operations

Crypto exchange Tokenize to shut down Singapore operations

The Singapore-headquartered firm will stop operating here after not getting a licence to offer its services. Read more at straitstimes.com.

Singapore Tokenize Xchange urges users to withdraw or transfer assets by Sep 30 after failing to secure MPI licence

SINGAPORE: Tokenize Xchange, a Singapore-based digital exchange platform, has told its users to complete the cash withdrawals or crypto transfers of their assets by Sep 30, after the platform failed to secure a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS), The Edge Singapore reported. The exchange had been operating under […]

Bank of Lithuania Urges Unlicensed Crypto Firms to Begin Market Exit - Fintech in Baltic

The Bank of Lithuania (Lietuvos bankas) has issued a strong call for virtual currency exchange operators and depository virtual currency wallet operators who do not intend to apply for a crypto-asset service provider license to begin the process of winding down their operations immediately, ahead of the 31 December 2025 transitional deadline under the EU’s Markets in Crypto-Assets Regulation (MiCA). In newly issued guidance, Lietuvos bankas advi…

Tokenize Exchange Shuts Down Singapore Operations After License Rejection

Cryptocurrency exchange Tokenize Xchange will cease operations in Singapore by September 30, becoming the latest casualty of the Monetary Authority of Singapore's (MAS) tightening regulatory framework after being denied a license to provide digital payment token services.The Singapore-headquartered company announced the shutdown on July 20, just over a year after raising $11.5 million in funding and announcing ambitious hiring plans, according t…

Tokenize Xchange to Exit Singapore After License Rejection by MAS - Fintech Singapore

Crypto trading platform Tokenize Xchange will discontinue its operations in Singapore by the end of September following a regulatory setback with the Monetary Authority of Singapore (MAS), The Business Times has reported. The company had applied for a digital payment token license under Singapore’s Payment Services Act but was unsuccessful. Tokenize had been operating under a temporary exemption while awaiting the outcome of its application. Wit…

MAS Denies License: Tokenize Xchange Exits Singapore

Move underscores Singapore’s commitment to upholding high regulatory standards for its financial center. In a move that underscores Singapore’s unyielding regulatory rigor, digital asset platform Tokenize Xchange is shuttering its operations in the city-state and relocating to Labuan, Malaysia, after failing to secure a license from the Monetary Authority of Singapore (MAS). The decision not to grant Tokenize’s parent company, Amazingtech, a Maj…