Singapore is committing S$220 million (US$173 million) over three years to accelerate fintech innovation and technology adoption, with artificial intelligence among the main priorities. The funding comes under the Monetary Authority of Singapore's renewed Financial Sector Technology and Innovation Scheme, FSTI 4.0, which will also support infrastructure, frontier technology and ...
Read moreDetailsSingapore employers are becoming more cautious about hiring as businesses reassess how much they need to spend on people, technology and skills. Marsh Asia said employment expectations for the third quarter fell to 13%, the weakest reading since 2021, although the labour market remains relatively healthy, with unemployment at around ...
Read moreDetailsMost businesses in Singapore have assigned responsibility for artificial intelligence (AI) systems, but far fewer can actually show how those systems arrive at their decisions, according to a new report by Sumsub and the Singapore FinTech Association (SFA). The findings are based on a survey of 720 senior professionals across ...
Read moreDetailsBitget has confirmed that it does not hold a license or regulatory approval from the Monetary Authority of Singapore (MAS), stressing that the country remains a restricted market for its crypto exchange. In a notice published on July 22, the exchange said it is not licensed, approved, registered, authorized, or ...
Read moreDetailsSBI Holdings has acquired a majority stake in Singapore-based cryptocurrency platform Coinhako, making the exchange a consolidated subsidiary after receiving approval from the Monetary Authority of Singapore (MAS). The deal was completed through SBI Ventures Asset Pte. Ltd., which injected fresh capital into Coinhako's parent company, Holdbuild Pte. Ltd., and ...
Read moreDetailsHyperliquid has responded after being added to the Investor Alert List (IAL) maintained by the Monetary Authority of Singapore (MAS), saying the listing does not amount to a ban, enforcement action or finding of wrongdoing. The decentralised trading protocol said the IAL is a public list of entities that may ...
Read moreDetailsQuick Breakdown MAS warns that unregulated stablecoins have failed to maintain stability, drawing parallels to the 2008 money-market fund crisis. The new stablecoin framework prioritizes strong reserve backing and redemption guarantees. MAS’s BLOOM initiative explores the use of CBDCs and tokenized bank money in a unified digital ecosystem. Singapore moves ...
Read moreDetailsQuick Breakdown Coinbase Business launches in Singapore, marking its first global expansion outside the U.S. Standard Chartered's partnership enables SGD transfers and payment services for local businesses. Collaboration with MAS strengthens Coinbase’s role in advancing regulated digital finance in Singapore. Coinbase enters Singapore with new business platform Coinbase has officially ...
Read moreDetailsQuick Breakdown DigiFT to tokenize Hong Kong–listed Tayang Group Holdings (1991.HK) shares under MAS oversight. Marks the first HKEX-listed stock tokenized on a Singapore-regulated blockchain platform. Initiative bridges traditional markets with regulated on-chain finance for institutions. Regulated digital asset platform DigiFT has announced plans to tokenize shares of Tayang ...
Read moreDetailsQuick Breakdown MAS launches BLOOM to enhance global digital asset settlement using tokenized bank liabilities and stablecoins. The initiative builds on Project Orchid’s successful trials exploring a digital Singapore dollar. Collaborations with Circle, DBS, Stripe, and others aim to advance cross-border payments and financial innovation. MAS launches BLOOM to ...
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