Tagged: mas

Matrixport Subsidiary Fly Wing Obtains Major Payment Institution License from MAS in Singapore

Fly Wing Technologies Pte Ltd, a wholly owned subsidiary of Matrixport, the “one-stop” crypto financial services platform in Asia, announced that it has been granted the Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). With this license approval, Fly Wing will… Read More

EBANX Obtains In-Principle Approval for Major Payment Institution License from MAS

EBANX, a Payment Service Provider (PSP) specializing in emerging markets, today announced that EBANX Pte. Ltd. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports two types of payment services in Singapore… Read More

Monetary Authority of Singapore (MAS) and ABS to Form Payments Entity

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

Fintech Reap Obtains In-Principle Approval for Major Payment Institution License from MAS

Reap, a payment technology provider, is pleased to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore. Obtaining the IPA marks… Read More

Deutsche Bank to Launch Layer 2 Blockchain, Part of Project Dama

Multiple reports indicate that Deutsche Bank is launching a Layer 2 blockchain to fuel digital assets and compliance at the bank. A Layer 2 blockchain is a separate blockchain added to the top of a Layer 1 blockchain like Ethereum. A Layer 2 aims to… Read More

Singapore to Launch New E-Payment Solutions, Extends Deadline for Corporate Cheques

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced the introduction of two new electronic payment solutions set to launch in mid-2025. These initiatives aim to facilitate the transition from traditional cheques to digital payments for both corporate and… Read More

Digital Assets: QCP Trading Obtains In-Principle Approval for MPI License in Singapore

QCP Trading Pte. Ltd. received an In-Principle Approval (IPA) for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). The IPA represents a step toward “full” licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment… Read More

Banque de France, Monetary Authority of Singapore Conduct Post-Quantum Cryptography Experiment to Enhance Communication Security

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

Anchorage Digital Singapore Obtains Major Payment Institution License from MAS

Anchorage Digital Singapore Pte Ltd has reportedly received approval as a licensed Major Payment Institution from the Monetary Authority of Singapore (MAS), marking a key milestone in our global expansion. With this license, Anchorage Digital Singapore now offers a complete, integrated solution including custody, staking,… Read More

Monetary Authority of Singapore (MAS) to Support Commercialization of Tokenization

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

Singapore MAS Launches Global Fintech Network to Drive Innovation

Singapore at Night Marina Bay

The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singapore’s standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More

Gemini Obtains In-Principle Approval from Singapore’s MAS for Major Payment Institution License

Digital assets firm Gemini says it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application under the Payment Services Act 2019 in order to provide cross-border money transfer as well as digital payment token… Read More

Monetary Authority of Singapore (MAS) Establishes Cyber and Technology Resilience Experts (CTREX) Panel

Singapore at Night Marina Bay

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

JST Digital Obtains In-Principle Approval for Major Payment Institution License from Monetary Authority of 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

OKX SG Obtains Major Payment Institution (MPI) License from Monetary Authority of 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

BitGo Reportedly Secures Major Payment Institution License from Monetary Authority of Singapore

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

Monetary Authority of Singapore (MAS) Introduces Review Group for Equities Market Development

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

Singapore Pursues Consultation on Transfers with China, Suspensions of Specific Channels

The Monetary Authority of Singapore (MAS) has announced a consultation on transfers to the People’s Republic of China (PRC), including the current suspension of “non-specified channels.” The suspension, pertaining mostly to PRC nationals working in Singapore, is in regard to accounts and funds that were… Read More

Singapore: MAS Announces Additional $74m Funding for Quantum and AI Technologies

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million (about $74 million) under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0). This funding aims to bolster financial institutions in developing quantum and artificial intelligence (AI) capabilities and foster the… Read More

Fintech Fave Obtains In-Principle Approval for MPI License from Monetary Authority of 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

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