Tag "Monetary Authority of Singapore (MAS)"
7 Things You Need to Know About Singapore’s Digital Banking Licenses
Following the announcement and issuing of Hong Kong’s virtual banking license, Singapore has announced their intentions to launch the same; to allow entities without banking parentage to conduct banking activities. Digital banks generally refers to banking entities that operate without
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Singapore’s Central Bank Has Some Serious Reservations about Facebook’s Cryptocurrency
The Monetary Authority of Singapore is now among the regulators that have expressed reservations about Facebook’s upcoming cryptocurrency, Libra. The central bank sees significant obstacles in Facebook’s way, according to a Bloomberg report, and they are “not trivial”. Ravi Menon,
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Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime Minister Lee Hsien Loong has confirmed that the Monetary Authority of Singapore (MAS)
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Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least
Followers of this page are well aware that Grab, one of Singapore’s premier unicorns, has dabbled in many different areas of fintech-fuelled offerings in its drive to become what it self-describes as a “super app”. Most recently though, it seems
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Singapore Welcomes STO Player to its Fintech Sandbox
The Monetary Authority of Singapore (MAS) has aspirations towards encouraging more fintech experimentation, and in November last year, launched a regulatory sandbox that would allow innovative fintechs in legal grey areas to test their solutions in the market, under regulator
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Huawei Bets on Singapore’s Artificial Intelligence with New AI Innovation Lab
Huawei held its Cloud Summit 2019, in which the company announced the launch of its Cloud & AI Innovation Lab in Singapore. The lab aims to cultivate local AI talents and bridge Singapore with state-of-the-art AI technologies globally, and accelerate
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5 Central Bank Backed Blockchain Projects That Could Make the World a Better Place
Central banks across the globe are no stranger to the concept of blockchain. In fact, according to a recent World Economic Forum (WEF) report, at least 40 central banks across the globe are working in some capacity with blockchain and
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Binance Will Arrive in Singapore Before the Month Ends
In September last year, Binance, one of the best known crypto exchanges, expressed intentions to set up fiat-to-crypto trading platforms on almost every continent. True to its intentions, Changpeng Zhao, CEO of Binance, announced at a conference in Seoul that
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Revolut Enlists London-Based Regtech for Help in Complying With MAS’ Regulations
Revolut, a digital-only bank from the UK, announced that it has signed an agreement with ClauseMatch. Following a trial period, Revolut is adopting the regulatory technology also from London to streamline management of internal policies, controls and regulatory compliance—including the
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Monetary Authority of Singapore Halts ICO over Regulatory Breach
The Monetary Authority of Singapore (MAS) has warned an initial coin offering (ICO) issuer not to proceed with its securities token offering in Singapore until it can fully comply with regulatory requirements under the Securities and Futures Act (SFA). MAS
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