Tag "Monetary Authority of Singapore (MAS)"

MAS’ Ravi Menon Lays out Expectations for Crypto Operators

Crypto service providers need to have the ability to manage the risks, said Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) at the Financial Times’ Crypto & Digital Assets Summit. He mentioned that there are four risks

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Luno Secures MAS’ In-Principle Approval to Offer Crypto Services

Global cryptocurrency company Luno has been granted in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide Digital Payment Token (DPT) services in Singapore. MAS has granted in-principle approvals to Coinhako, Hodlnaut, Paxos, Digital

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Singapore and Australia to Deepen Fintech Collaboration

Australia Treasury and the Monetary Authority of Singapore (MAS) jointly announced that they have signed the Australia-Singapore Fintech Bridge Agreement. The commencement of discussions to develop the Fintech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison

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Hugosave Secures Major Payment Institution License From MAS

Hugosave, Singapore’s all-in-one digital account that helps consumers spend, save, and invest, starting with gold, announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). As the bearer of an MPI license,

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MAS to Take Action Against Crypto Exchanges Who Bypass Russia Sanctions

The financial measures that were imposed by the Singapore Government in relation to Russia applies to all financial institutions in the country, including digital payment token (DPT) service providers, according to a Parliamentary reply yesterday. Tharman Shanmugaratnam, Senior Minister and

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BIS Innovation Hub and MAS Developed a Supervisory Analytics Platform

The BIS Innovation Hub Singapore Center and the Monetary Authority of Singapore (MAS) have jointly developed a new supervisory analytics platform known as Project Ellipse. The platform successfully demonstrates how regulatory and other data, such as articles and news, can

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Digital Treasures Center Gets In-Principle Approval for Digital Payment Token Services

The Monetary Authority of Singapore (MAS) has granted in-principle approval to Digital Treasures Center (DTC), a payment company based on distributed ledger technology. With a license under the Payment Services Act to offer Digital Payment Token services, DTC will be

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Paxos Secures MAS’ In-Principle Approval for Digital Payment Tokens Services

Paxos, a regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act. With this license, Paxos is now able to offer its

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ADDX Appoints CEO to Pave the Way for US$1 Billion Ambitions by 2023

Singapore Exchange-backed private market platform ADDX announced that Oi-Yee Choo will be appointed its Chief Executive Officer. Choo joined ADDX as Chief Commercial Officer in January 2020, moving from UBS, where she was Head of Investment Banking for Singapore. With

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Hydra X Graduates MAS’ Sandbox, Secures Capital Markets Services License

Singaporean fintech Hydra X announced that it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS license will allow Hydra X to deal in and provide custodial services for capital market

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