Tag "Monetary Authority of Singapore (MAS)"

MAS Warns 8 Digital Token Exchanges and ICO Issuer

The Monetary Authority of Singapore (MAS) has warned 8 digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorisation. It also warned an Initial Coin Offering (ICO) issuer to

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Facial Recognition to Protect Singapore Bank Card Holders Rolled Out

Finda System, a fintech company offeringc solutions to the banking sector, announced receiving grant from Monetary Authority of Singapore (MAS) through the central bank’s FSTI (Financial Sector Technology and Innovation) Proof of Concept Scheme. This scheme is aimed at supporting

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Strengthening the AI Finance Ecosystem in Singapore

The Monetary Authority of Singapore (MAS) is collaborating with the Economic Development Board (EDB), Infocomm Media Development Authority (IMDA) and Institute of Banking and Finance (IBF) to accelerate the adoption of Artificial Intelligence (AI) in Singapore’s financial sector. The collaboration

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Singapore FinTech Festival 2018 Up-Sized with Richer Content and Focus on ASEAN

The Monetary Authority of Singapore (MAS) announced that the third edition of the Singapore FinTech Festival will be held from 12 to 16 November 2018 in Singapore. This year’s Festival will include two new elements. ASEAN FinTech Showcase – With Singapore’s

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Singapore and Vietnam Enhance Cooperation in Fintech Innovation

The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS

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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

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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

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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

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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

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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

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