Tag "Monetary Authority of Singapore (MAS)"
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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MAS Will Not Be Regulating Activities Related to NFTs for Now
The Monetary Authority of Singapore (MAS) said that it has no plans to regulate activities in relation to non-fungible tokens (NFTs) according to a parliamentary reply. According to Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS, the regulator
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MAS Orders DBS to Set Aside S$930 Million in Capital Following Major Service Disruption
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank following the disruption of its digital banking services for 2 days. DBS identified a problem with its access control servers which caused the disruption from
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MAS to Combat Greenwashing in the Asset Management Industry
The Monetary Authority of Singapore (MAS) is fully committed to working with the asset management industry to combat greenwashing at both the fund and firm-level. Tan Keng Heng, MAS’ Executive Director said during the Investment Management Association of Singapore’s 8th
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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to
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MAS and ABS to Ramp up Digital Banking Security in the Face of Phishing Scams
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are introducing a set of additional measures to bolster the security of digital banking. The regulator has taken a proactive stance in response to the recent
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MAS’ Ravi Menon to Chair the Network for Greening the Financial System
The Monetary Authority of Singapore’s (MAS) Managing Director Ravi Menon has been appointed as the new Chair at the Network for Greening the Financial System’s (NGFS) for a two-year term. Menon succeeds Frank Elderson, Member of the Executive Board of
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MAS Bans Crypto Trading Platforms From Advertising in Public Areas
The Monetary Authority of Singapore (MAS) has issued guidelines which highlighted that Digital Payment Token (DPT) service providers should not promote their services to the general public in Singapore. The services include the buying, selling or facilitating the exchange of
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