Tag: Monetary Authority of Singapore
OKX Partners with DBS to Enable Fee-Free SGD Transactions via PayNow
OKX partners with DBS to offer zero-fee, instant SGD deposits and withdrawals via PayNow, enhancing digital asset access in Singapore. OKX, a leading crypto exchange…
Monetary Authority of Singapore Unveils Updated Regulations for Cryptocurrency ICO
Singapore’s central bank, the Monetary Authority of Singapore (MAS), recently published an update to the regulations for firms looking to conduct initial coin offerings (ICO)…
Distributed Ledger Technology is an Option for Cross-border Payments According to Canada, UK and Singapore
Three international financial institutions are looking into the benefits of using distributed ledger technology (DLT) to improve cross-border payment processes. Traditional cross-border payments can be…
Singapore Launches Blockchain DvP Settlement Framework
The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) recently unveiled a blockchain-based Delivery versus Payment (DvP) settlement framework. Reports indicate that the…
World First: Switzerland’s FINMA Awards Asset Management License to a Cryptocurrency Platform
Cryptocurrency asset firm, Crypto Finance, has made history by being the first crypto platform to receive approval from the Swiss Financial Market Supervisory Authority (FINMA). Regulations…
Singapore to Help Cryptocurrency Businesses Set Up Local Bank Accounts
In a new development attesting Singapore’s increasing acceptance of cryptocurrencies, the city-state’s Monetary Authority revealed that it’s willing to assist digital currency companies with setting…
Singapore Warns 8 Digital Currency Exchanges to Stop Trading Unregistered Crypto Tokens
Singapore’s central bank and financial regulatory authority has warned eight digital currency exchanges in the country not to allow the trading of tokens without its…
Japan, Singapore Fintech Associations to Work Together on Joint Projects
The Singapore FinTech Association (SFA) and the Fintech Association of Japan (FAJ) have signed a memorandum of understanding (MOU) to deliver greater financial technology within the…
Singapore’s Central Bank Speaks About Blockchain Potential in Cross-Border Payments
The managing director at Singapore’s central bank has given a speech talking about the potential the blockchain can deliver with international payments. In a speech,…
