Tagged: tharman shanmugaratnam

Singapore Advances Digital Only Bank Sector with Five New Digital Bank Licenses

The Monetary Authority of Singapore (MAS) will issue five new “digital bank licenses” according to the financial regulator. MAS said this was in addition to any existing Singapore banks which may also offer digital banking under existing rules. MAS said the new rules extend digital… Read More

Monetary Authority of Singapore Does Not Want to “Legitimise” Immature Crypto Sector by Jumping to Regulate It

Citing concerns about “…anonymity, speed and cross-border nature of DPT (cryptocurrency or digital payment tokens) transactions,” the Monetary Authority of Singapore (MAS) has stated it does not want to hasten regulation of cryptocurrencies because of the potentially “legitimizing” and popularizing effect doing so could have…. Read More

Monetary Authority of Singapore Warns Public of Bogus Bitcoin Investing Sites some Claiming Support of MAS Chairman

Bogus Bitcoin Site from MAS

The Monetary Authority of Singapore (MAS) has issued a public warning on bogus websites that are soliciting investments in Bitcoin. At least two of these sites is using “fabricated comments” attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. MAS says the statements attributed to… Read More

Singapore Deputy PM Responds to AML/Anti-Terror Financing Questions Regarding Cryptocurrency

Last week, a Singapore Member of Parliament, Foo Mee Har, posed some questions to the Singapore Prime Minister regarding enforcement of anti-money laundering (AML) and counter-terrorism financing and Bitcoin utilization where “conventional oversight mechanisms of the real money market do not apply.” Singapore Deputy Prime… Read More

LATTICE80: Singapore’s Strategy is to Encourage Fintech Startups & Traditional Finance to Innovate

Fintech Hub LATTICE80 Officially Opens for Business in Singapore At the launch of LATTICE80, the “worlds largest Fintech hub with over 30,000 square feet of work and shared space, Deputy Prime Minister and Chairman, Monetary Authority of Singapore, Tharman Shanmugaratnam, delivered a speech on the importance… Read More

Singapore Deputy Prime Minister Explains How MAS Crowdfunding Framework will Support SMEs

Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS, was questioned earlier this month on the policy measures incorporated by the Monetary Authority of Singapore (MAS), in regards to investment crowdfunding. The query came from Ms. Foo Mee Har, an MP from the West… Read More

Monetary Authority of Singapore Creates Global Panel to Advise on Fintech

The Monetary Authority of Singapore (MAS) has created an blue ribbon International Technology Advisory Panel (ITAP) to advise MAS on global Fintech developments. The list of participants is highly impressive roster of Fintech leaders.  The Panel includes: Dr. Andreas Braun – Head of Global Data… Read More

Monetary Authority of Singapore to Sponsor Fintech Festival in November

The Monetary Authority of Singapore is to host a week-long ‘Fintech Festival’ to promote the island economy as a global hub for innovative financial services. The idea was mentioned in a speech by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Coordinating Minister for Economic and… Read More

Send this to a friend