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
Read MoreHugosave 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,
Read MoreMAS 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
Read MoreBIS 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
Read MoreDigital 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
Read MorePaxos 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
Read MoreADDX 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
Read MoreHydra 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
Read MoreMAS 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
Read MoreMAS 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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