Monetary Authority Of Singapore
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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
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Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
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UPI, Singapore's PayNow Integration Soon: Official At G20 Meet
The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent.
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Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
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Singapore Central Bank, India's IFSCA To Pursue Fintech Innovations
The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a FinTech Co-operation Agreement to facilitate regulatory collaboration and partnership in FinTech technology.
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Singapore Might Restrict Retail Access To Cryptocurrencies: Central Bank
Singapore's central bank Monetary Authority of Singapore is contemplating adding frictions on retail access to cryptocurrencies through various measures including customer suitability tests and restricting the use of leverage and credit facilities for such trading.
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Three Arrows Capital’s Collapse Leaves Singapore’s Crypto Sector Bracing for Bankruptcy
Three Arrows Capital’s recent collapse had made Singapore's ambitious cryptocurrency sector face an uncertain future. Crypto players are bracing for further bankruptcies and legal tussles. 3AC collapsed after the global downturn in digital currencies left it unable to meet hundreds of millions of dollars in obligations.
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Three Arrows Capital Accused of Exceeding Assets Threshold, Providing False Information
Crypto hedge fund Three Arrows Capital has been accused of exceeding its assets threshold and providing false information by Monetary Authority of Singapore (MAS). Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan.
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China Plans Yuan Pool To Counter Dollar's Reserve Currency Status
China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme
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Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
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Crypto Services Firm Paxos Gets 'In-Principle' Approval From Singapore Regulator
Crypto firm Paxos, which offers brokerage, custody, and stablecoin services, has received in-principle approval from the Monetary Authority of Singapore (MAS), which allows the company to continue its Singapore operations and also potentially pursue expansion plans.
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Singapore Central Bank Issues Guidelines to Discourage Crypto Trading by Public
The Monetary Authority of Singapore (MAS) issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks.
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Singapore Plans to Become Magnet for Crypto Activities, Government Mulls Regulating Crypto Space
MAS finance chief Ravi Menon has advised other nations also to not clamp down and ban cryptocurrencies while revealing that Singapore is working on crypto-regulation.
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India, Singapore Ink Pact To Align Payments Interface
RBI and Monetary Authority of Singapore have agreed to link their fast payment system interface, that is Unified Payments Interface (UPI) and PayNow.
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UPI, PayNow Fast Payment Systems to Be Linked by India, Singapore
Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems — Unified Payments Interface (UPI) and PayNow.
-
UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
-
Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
-
UPI, Singapore's PayNow Integration Soon: Official At G20 Meet
The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent.
-
Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
-
Singapore Central Bank, India's IFSCA To Pursue Fintech Innovations
The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a FinTech Co-operation Agreement to facilitate regulatory collaboration and partnership in FinTech technology.
-
Singapore Might Restrict Retail Access To Cryptocurrencies: Central Bank
Singapore's central bank Monetary Authority of Singapore is contemplating adding frictions on retail access to cryptocurrencies through various measures including customer suitability tests and restricting the use of leverage and credit facilities for such trading.
-
Three Arrows Capital’s Collapse Leaves Singapore’s Crypto Sector Bracing for Bankruptcy
Three Arrows Capital’s recent collapse had made Singapore's ambitious cryptocurrency sector face an uncertain future. Crypto players are bracing for further bankruptcies and legal tussles. 3AC collapsed after the global downturn in digital currencies left it unable to meet hundreds of millions of dollars in obligations.
-
Three Arrows Capital Accused of Exceeding Assets Threshold, Providing False Information
Crypto hedge fund Three Arrows Capital has been accused of exceeding its assets threshold and providing false information by Monetary Authority of Singapore (MAS). Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan.
-
China Plans Yuan Pool To Counter Dollar's Reserve Currency Status
China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme
-
Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
-
Crypto Services Firm Paxos Gets 'In-Principle' Approval From Singapore Regulator
Crypto firm Paxos, which offers brokerage, custody, and stablecoin services, has received in-principle approval from the Monetary Authority of Singapore (MAS), which allows the company to continue its Singapore operations and also potentially pursue expansion plans.
-
Singapore Central Bank Issues Guidelines to Discourage Crypto Trading by Public
The Monetary Authority of Singapore (MAS) issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks.
-
Singapore Plans to Become Magnet for Crypto Activities, Government Mulls Regulating Crypto Space
MAS finance chief Ravi Menon has advised other nations also to not clamp down and ban cryptocurrencies while revealing that Singapore is working on crypto-regulation.
-
India, Singapore Ink Pact To Align Payments Interface
RBI and Monetary Authority of Singapore have agreed to link their fast payment system interface, that is Unified Payments Interface (UPI) and PayNow.
-
UPI, PayNow Fast Payment Systems to Be Linked by India, Singapore
Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems — Unified Payments Interface (UPI) and PayNow.
