The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced that a new entity will be set up to consolidate the administration and governance of the city-state’s national payment schemes in a concerted effort to “position these schemes for the… Read More
Read more in: Asia, Fintech | Tagged digitalization, mas, monetary authority of singapore, payments, singapore
Banque de France and Monetary Authority of Singapore conducted post-quantum cryptography experiment to enhance communication security. The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the completion of a joint experiment in post-quantum cryptography (PQC) conducted across “continents over conventional… Read More
Read more in: Global, Asia, Fintech | Tagged accenture security, france, mas, security, singapore, southeast asia
The Monetary Authority of Singapore (MAS) has announced plans to support the commercialization of asset tokenization. The Monetary Authority of Singapore (MAS) officially announced on November 4, 2024 its plans to advance tokenization in financial services. These include: forming commercial networks to deepen liquidity of… Read More
Read more in: Blockchain & Digital Assets, Asia, Politics, Legal & Regulation | Tagged mas, monetary authority of singapore, tokenization
The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel. The Panel replaces MAS’ Cyber Security Advisory Panel, with an expanded mandate to “cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged mas, monetary authority of singapore, singapore
JST Digital, a global financial services firm specializing in digital assets, today announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. (JST Singapore) has received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token… Read More
Read more in: Asia, Fintech | Tagged jst digital, mas, payments, singapore
OKX, a global crypto exchange and Web3 technology company, announced that its local entity, OKX SG Pte. Ltd., received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG. The license granted under… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged mas, mpi license, okx, singapore, Web3
BitGo says it has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This comes after its in-principle approval from several months prior. Singapore‘s regulatory framework is said to support its “commitment to offering regulated, secure, and compliant digital asset services… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged bitgo, digital assets, infrastructure, mas, singapore
The Monetary Authority of Singapore (MAS) announced that a Review Group has been set up to recommend measures to strengthen equities market development in Singapore. The Review Group will be chaired by Mr Chee Hong Tat, Minister for Transport, Second Minister for Finance and Board… Read More
Read more in: Asia, Politics, Legal & Regulation | Tagged mas, monetary authority singapore, singapore
Fave Singapore, operating under the registered entity name Beeconomic Singapore Pte. Ltd. and part of the Pine Labs group today announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) Licence to offer account… Read More
Read more in: Asia, Fintech | Tagged fave, mas, payments, singapore
Paxos, the regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to “offer digital payment token services as a Major Payments Institution.” The approval enables Paxos to “issue stablecoins… Read More
Read more in: Blockchain & Digital Assets, Asia, Politics, Legal & Regulation | Tagged mas, paxos, singapore, stablecoins
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was “held at Istana, Singapore, and was presided over by Lawrence WONG, Prime Minister… Read More
Read more in: Global, Asia, Politics, Legal & Regulation | Tagged cambodia, mas, monetary authority of singapore, singapore, southeast asia
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system. Integrating climate risk analysis into… Read More
Read more in: Asia, General News, Global | Tagged bank for international settlements, bis, mas, singapore
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More
Read more in: Asia, Fintech | Tagged china, digital financial services, mas, singapore
The Monetary Authority of Singapore (MAS) and Mastercard (NYSE: MA) signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between… Read More
Read more in: Global, Asia, Fintech | Tagged mas, mastercard, singapore, southeast asia
The Monetary Authority of Singapore (MAS) has launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally. The Financial Services and Markets (Amendment) Act 2023… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged illicit activities, mas, money laundering, singapore
Bitstamp announced that it received the In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS). According to an update from Bitstamp, this is considered to be “a crucial step towards obtaining our Major Payment Institution license.” IPA paves the way for Bitstamp to “provide… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged bitstamp, digital assets, mas, monetary authority of singapore, Regulatory Approval, singapore, southeast asia
BitGo will reportedly offer regulated digital payment token services in Singapore. BitGo says that it views Singapore as an “important hub” for digital asset innovation. BitGo, the provider of financial services for digital assets, confirmed recently that its subsidiary in Singapore, BitGo Singapore Pte. Ltd.,… Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged bitgo, hobeng (hb) lim, ipa, major payment institution license, mas, mike belshe, monetary authority of singapore, singapore
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $3.9 million on Credit Suisse AG, for its alleged failure “to prevent or detect misconduct by its relationship managers (RMs) in the Singapore branch.” The RMs had allegedly provided clients “with inaccurate or… Read More
Read more in: Asia, General News, Politics, Legal & Regulation | Tagged credit suisse, enforcement action, mas, monetary authority of singapore, singapore, southeast asia
HashKey Capital Singapore Pte. Ltd., a key player focused on the blockchain and digital asset investment space, is pleased to announce the successful acquisition of the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). The CMS license, granted by the MAS,… Read More
Read more in: Blockchain & Digital Assets, Asia, Politics, Legal & Regulation | Tagged capital markets services license, digital assets, hashkey, Hashkey Capital, mas, monetary authority of singapore, singapore, southeast asia
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced the intent to establish a green investments partnership in order “to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an… Read More
Read more in: Asia, Fintech | Tagged climate action, climate change, green investments, monetary authority of singapore
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