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Get latest articles and stories on Business at LatestLY. While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset ecosystem which is why it believes it would not be "feasible" to ban them. Business News | Singapore Says Crypto Ban Not Feasible, Proposes Risk Mitigation Measures.

SINGAPORE - To put a check on cryptocurrency speculation by retail investors, the Republic’s regulator is proposing a list of rules that will not only make it harder for users to start digital asset trading but also ensure industry players ring-fence this group’s investments. The proposed measures come on the back of a string of insolvencies of key crypto players...

This will apply to firms where the value of such stablecoins in circulation exceeds $5 million. Read more at straitstimes.com.

An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning for his failure to report a suspicious transaction involving the jailed Malaysian Prime Minister Najib Razak.

Malaysian Prime Minister Najib Razak, 69, is serving a 12-year jail sentence in Malaysia from August 2022 for infamous company 1 Malaysia Development Berhad (1MDB) case