The Monetary Authority of Singapore (MAS) has issued additional guidelines for digital asset companies in the country to adhere to in a bid to protect end-user interests for customers of digital payment token (DPT) services. On Tuesday, April 2, 2024, the financial regulator published a press release informing the public ...
The future of the monetary system, as envisioned by Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), will consist of three crucial elements: central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins. Menon shared this insight in a panel session on the Future of ...
Popular stablecoin issuer Paxos is set to introduce a new U.S. dollar-backed stablecoin in Singapore, marking a significant step in its global expansion strategy. In an official statement released on November 15, 2023, Paxos revealed that it obtained an in-principle approval from Singapore's top financial regulator, the Monetary Authority of ...
The Monetary Authority of Singapore (MAS) has initiated a significant collaboration with financial regulators from Japan, Switzerland, and the United Kingdom to foster the development of cross-border digital currency products and services. In a statement released on October 30, 2023, the MAS announced the formation of a policymaker group, including ...
Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS announced this decision in a statement published on September 14, 2023. This ...
Circle has announced a strategic partnership with Grab, a prominent ride-hailing and delivery company in Southeast Asia, to introduce Web3 payment services to consumers in Singapore. 1/ We are excited to unveil our partnership with @GrabSG to pilot #Web3 consumer experiences in Singapore through the integration of our new Web3 ...
Cryptocurrency companies in Singapore will soon be required to adhere to new guidelines proposed by the Monetary Authority of Singapore (MAS) to ensure the safety and protection of customer assets. These guidelines, currently in the form of "draft legislative amendments," are open for public comments and are expected to become ...
Ripple has obtained preliminary regulatory approval from Singapore's financial watchdog, the Monetary Authority of Singapore (MAS), to provide token products and digital asset payments in the country. This approval allows Ripple's subsidiary, Ripple Markets Asia Pacific, to enhance its on-demand liquidity capabilities. Users of Ripple's platform can now transfer XRP ...
