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The Monetary Authority of Singapore is seeking new limitations to harden crypto speculation. Singapore’s financial watchdog, the Monetary Authority of Singapore, is set to impose new rules on retail crypto investors in a bid to safeguard customers from highly speculative assets. In a statement published on Thursday, Nov. 23, MAS proposed new regulatory measures aimed at restricting crypto businesses from offering incentives to retail customers, saying incentives such as free tokens upon signup “may unduly impair the judgment of retail customers” to use crypto services. The regulator admitted that the majority of respondents to its consultation paper on the new rules disagreed with the restriction. MSA in turn said that such inventives may lure people into trading tokens “without fully considering the risks involved.” You might also like: Singapore’s Central Bank to pilot live CBDC for interbank settlements As such, businesses won’...

Singapore an police have released pictures showing the results of a police raid that saw S$1 billion ($735 million) worth of assets , including luxury cars, expensive collectibles, and an unspecified amount of Crypto seized from 10 foreign nationals suspected of money laundering. The August 15 operation involved more than 400 officers and saw prohibition of disposal orders placed on 94 properties and 50 vehicles with an estimated value of roughly $600 million. Police also seized $17 million worth of foreign currencies, 35 bank accounts worth more than $80 million, over 250 luxury watches and bags, more than 120 electronic devices, and two gold bars. It’s believed that the arrested individuals were attempting to launder the proceeds of a number of illegal activities, including scams and online gambling. Images released by the Singapore Police Force. Read more: Police bust Aussie crypto scam, seize Ferrari, watches, weapons A 33-year-old Cambodian man was also foun...

Scientists at Singapore University of Social Sciences created a novel DAO voting/governance scheme after reviewing current methods. A team of researchers at the Singapore University of Social Sciences recently conducted an appraisal of existing decentralized autonomous organization (DAO) voting scheme s to determine which was most efficient .  The researchers ultimately concluded that existing popular voting schemes each had their drawbacks and advantages and that a new paradigm combining what they considered to be the best features of each would be “more efficient” than the status quo. Dubbed “Voting Schemes in DAO Governance,” the team’s paper analyzes eight current techniques for DAO governance and assesses their perceived strengths and weaknesses. The techniques reviewed include: token-based quorum voting, quadratic voting, weighted and reputation-based voting, knowledge-extractable voting, multisig voting, holographic consensus, conviction voting, and rage quitting voting. Relat...