Tag "Monetary Authority of Singapore (MAS)"

MAS about Crypto Tokens: The Good, The Bad, and The Ugly

Speech by Mr Ravi Menon, Managing Director, MAS, at Money20/20: This is a conference named after Money. Money has been with us for at least 5000 years. And over the last 300 years or so, we have come to accept

Read More

MAS and Bank of Lithuania Strengthen Cooperation in FinTech

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries. The FinTech Co-operation Agreement between the two

Read More

Singapore Guidelines to Protect Users of Electronic Payments

The Monetary Authority of Singapore (MAS) today launched a public consultation on proposed guidelines to protect users of electronic payments (“e-payments”). The proposed E-payments User Protection Guidelines aim to encourage wider adoption of e-payments by setting standards on the responsibilities

Read More

The First Cashless Cake Boutique in Singapore

Lady M  has joined the nation’s efforts to transform the country into a Smart Nation by accepting only non-cash payment methods for all sale transactions at its South Beach Avenue Boutique from Monday, 15 January 2018 onwards. Driven by opportunities opened up by the

Read More

MAS Cautions Against Investments in Cryptocurrencies

The Monetary Authority of Singapore advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies. MAS is concerned that members of the public may be attracted to

Read More

New Union Achieves MAS CMS License; Anticipates S$2 Million Deal Flow To Be Launched

Crowdlending platform, New Union (新联在线),  announces that it has been awarded the full Capital Market Service license (“CMS”) by the Monetary Authority of Singapore (“MAS”) and has lined up a robust deal flow pipeline of about S$2 million that will

Read More

Landmark Partnership to Level Up Skills for Singaporeans to seize FinTech Jobs

The Infocomm Media Development Authority (IMDA) and Monetary Authority of Singapore (MAS), together with SkillsFuture Singapore (SSG), six local universities, and five financial associations, sealed a landmark Memorandum of Intent (MOI) for the TechSkills Accelerator (TeSA) FinTech Collective on 16 November 2017, to jointly develop industry-ready professionals

Read More

Singapore: Asia’s Leading ICO Hub?

Intitial Coin Offerings or more popularly known as ICOs has seen tremendous growth and is increasingly seeing mainstream adoption by startups as a method to raise fund. In the last year year alone we’ve witnessed more than 200 ICOs with

Read More

MAS Launches Second Consultation on New Regulatory Framework for Payments

The Monetary Authority of Singapore (MAS) launched a second consultation on its proposed payments regulatory framework, known as the Payment Services Bill (the “Bill”). The Bill will streamline the regulation of payment services under a single legislation, expand the scope

Read More

Payments Council endorses Singapore QR Code Specifications for Electronic Payments

The Payments Council has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks. The new SG QR was developed by an industry

Read More