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, 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
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
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
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
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
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 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 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
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
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
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
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, 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, 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 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
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
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
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
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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