News

Australians’ interest and investment in crypto remains high and continues to gain momentum, with sentiment demonstrably shifting to a phase of renewed optimism and growth, according to Australia’s longest-running and most robust crypto research, the Independent Reserve Cryptocurrency Index (IRCI), released today.

Independent Reserve, the first licensed cryptocurrency exchange for all investors in Singapore, is bringing greater ease and convenience to its Singapore users with the introduction of PayNow on its platform today.

Independent Reserve today announced a partnership with digital currency payments platform, RelayPay (relaypay.io), in a move that enables Independent Reserve’s business customers to easily accept cryptocurrency payments.

Independent Reserve Singapore welcomes the Monetary Authority of Singapore’s (MAS) new guidelines for Digital Payment Token service providers (DPTSPs). These measures aim to address potential harm to consumers and to ensure the safety of individuals engaging in cryptocurrency trading. We believe that these guidelines are a positive step towards fostering a more responsible and regulated cryptocurrency industry in Singapore.

Singapore, 10 November 2023 – Independent Reserve, the first licensed cryptocurrency exchange for all investors in Singapore, is going the distance to support inclusivity in Singapore communities by aiming to raise S$10,000 through a charity run for Extra•Ordinary People – a local charity which supports children and individuals with special needs.

Independent Reserve today welcomed the Federal Government’s recommendation to make crypto exchanges and digital asset platforms subject to existing Australian financial services laws and require platform operators to obtain an Australian Financial Services Licence, but warned that the recommendation must be followed by swift action.