Tag "Monetary Authority of Singapore (MAS)"

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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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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