The post Singapore AI Export Controls: How China Gains AI Access appeared on BitcoinEthereumNews.com.
American AI technology is reaching Chinese tech giants through a route that US export controls were never designed to close: Singapore. The city-state sits outside the geographic scope of US restrictions targeting Mainland China, and that single regulatory gap has quietly made it a pivotal node in the global AI supply chain — one where Alibaba, Baidu, and Tencent can access frontier American models that would otherwise be off-limits to them. Key takeaways US export controls restrict AI technology exports to Mainland China but do not apply to Singapore, creating a legal gap that Chinese tech firms are actively exploiting. Alibaba, Baidu, and Tencent use their Singapore-incorporated subsidiaries — legally treated as Singaporean companies — to access American AI models. Alibaba Cloud already offers OpenAI-compatible APIs routed through its Singapore infrastructure. OpenAI committed over S
The use of Singapore as a neutral hub for AI transactions highlights the complexities and potential loopholes in global tech regulations.
The post OpenAI and Google sell AI models to Singapore subsidiaries of blacklisted Chinese firms appeared first on Crypto Briefing.
The post Singapore’s Temasek Rules Out Crypto as $400B Fund Doubles Down on AI appeared on BitcoinEthereumNews.com.
Key Insights Temasek crypto investments remain absent after the FTX write-down. AI exposure could rise from 6% to 15% of the portfolio by 2031. Blockchain infrastructure stays in focus, but direct tokens remain avoided. Temasek crypto investments remain off the table as Singapore’s state investor deepens its focus on artificial intelligence and blockchain infrastructure. The fund is valued at around $400 billion. It has not rebuilt direct digital asset exposure since writing down its FTX stake in 2022. Crypto news reveals that Nagi Hamiyeh, Temasek’s president of global investments, said regulatory uncertainty still clouds crypto’s role in mainstream finance. The comments also come as CoinGecko data showed that Bitcoin trades near $62,824, while Ethereum is at $1,750. That keeps institutional liquidity in crypto news under close watch. Temasek Crypto Investments Stay off
The post Bitcoin Self-Custody Draws 70% of EU Funds Leaving Binance Under MiCA appeared on BitcoinEthereumNews.com.
Crypto News Bitcoin and other digital assets are flowing into self-hosted crypto wallets rather than licensed exchanges as the European Union’s Markets in Crypto-Assets (MiCA) regime reshapes the region, according to Binance co-CEO Richard Teng. Speaking at an industry summit in Singapore, Teng said 70% of the funds withdrawn by affected EU users moved into self-custody, while only 30% shifted to platforms licensed under the new rules. His argument is that MiCA, designed to pull users under regulatory oversight, is instead pushing them beyond regulators’ reach. That 70-30 split has become the central data point anchoring his critique of how the framework is playing out. The shift traces back to Binance’s decision to withdraw its MiCA license application in Greece in late June, after which the exchange stopped onboarding new EU customers on July 1. Teng said approval had b
The post Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach appeared on BitcoinEthereumNews.com.
Binance co-CEO Richard Teng says the EU’s Markets in Crypto-Assets (MiCA) rules are backfiring, with most departing users moving funds into self-custody rather than to licensed rivals. Speaking at the Reuters NEXT Asia summit in Singapore, Teng said 70% of funds withdrawn by affected EU users went to self-hosted wallets. Only 30% moved to platforms licensed under the new regime. Binance Withdrew its MiCA Bid Before the July Deadline Binance stopped serving new EU customers on July 1 after pulling its MiCA license application in Greece in late June. Teng said the approval was repeatedly delayed without explanation, so the company withdrew to avoid a rushed transition for users. The exit forced existing customers to decide where to move their balances, and it coincided with its heaviest weekly outflows in more than three years. Binance’s own data on those flows now
The post Can Binance Still Make It in EU? CEO Richard Teng Reveals Regulator Invitations appeared on BitcoinEthereumNews.com.
Binance is back in EU conversations, and this time, regulators are reaching out first. Speaking at the Reuters NEXT Asia conference in Singapore on July 9, 2026, Co-CEO Richard Teng confirmed that multiple EU member states have invited the exchange to apply for a Binance MiCA license under the bloc’s Markets in Crypto-Assets framework. The disclosure comes weeks after Binance withdrew its Greece application to protect EU users from service disruption. What Teng Said at Reuters NEXT Asia Teng said the EU negotiations were “close” but not ready to identify the countries involved and that it was the discussions’ “premature” nature that necessitated a new meeting. He said that the Greece withdrawal was made as a user-first decision. The delays from Greek regulators were “surprising,” Teng said. They told us it will be approved, so we’re not sure why it continually g
The post Temasek Keeps Crypto “Off the Table” Four Years After $275M FTX Writedown appeared on BitcoinEthereumNews.com.
TLDR: Temasek holds zero direct crypto investments, citing unresolved regulatory uncertainty worldwide today. The fund absorbed a $275 million FTX writedown in 2022, damaging Singapore’s financial reputation. Temasek plans to raise AI exposure from six percent to fifteen percent of assets by 2031. Europe drew 12 billion euros in Temasek capital over two years, trailing only the United States. Temasek crypto investments remain absent from the Singapore sovereign wealth fund’s portfolio, four years after a costly FTX exposure. Chief Investment Officer Nagi Hamiyeh confirmed the firm holds no direct digital asset positions, citing ongoing regulatory uncertainty across global markets. The statement follows a $275 million writedown Temasek recorded in 2022 after the collapse of cryptocurrency exchange FTX. Despite avoiding direct crypto exposure, Temasek continues tracking
