Monetary Authority Of Singapore
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Singapore Directs Crypto Firms to Halt Overseas Operations in Crackdown on Unlicensed Providers
The Monetary Authority of Singapore (MAS), recently outlined certain requirements to be fulfilled by the "Digital Token Service Providers (DTSPs) in Singapore, in order to establish more control over crypto-related services. The MAS has also decided to limit licensing for DTSPs.
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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
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Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
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Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
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Three Arrows Capital’s Collapse Leaves Singapore’s Crypto Sector Bracing for Bankruptcy
Three Arrows Capital’s recent collapse had made Singapore's ambitious cryptocurrency sector face an uncertain future. Crypto players are bracing for further bankruptcies and legal tussles. 3AC collapsed after the global downturn in digital currencies left it unable to meet hundreds of millions of dollars in obligations.
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Three Arrows Capital Accused of Exceeding Assets Threshold, Providing False Information
Crypto hedge fund Three Arrows Capital has been accused of exceeding its assets threshold and providing false information by Monetary Authority of Singapore (MAS). Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan.
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Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
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Crypto Services Firm Paxos Gets 'In-Principle' Approval From Singapore Regulator
Crypto firm Paxos, which offers brokerage, custody, and stablecoin services, has received in-principle approval from the Monetary Authority of Singapore (MAS), which allows the company to continue its Singapore operations and also potentially pursue expansion plans.
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Singapore Central Bank Issues Guidelines to Discourage Crypto Trading by Public
The Monetary Authority of Singapore (MAS) issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks.
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Singapore Plans to Become Magnet for Crypto Activities, Government Mulls Regulating Crypto Space
MAS finance chief Ravi Menon has advised other nations also to not clamp down and ban cryptocurrencies while revealing that Singapore is working on crypto-regulation.
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Singapore Directs Crypto Firms to Halt Overseas Operations in Crackdown on Unlicensed Providers
The Monetary Authority of Singapore (MAS), recently outlined certain requirements to be fulfilled by the "Digital Token Service Providers (DTSPs) in Singapore, in order to establish more control over crypto-related services. The MAS has also decided to limit licensing for DTSPs.
-
UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services
UBS asset management firm, Chainlink, and the Swift Network have completed a pilot of a blockchain solution to help financial institutions streamline services for tokenised assets. Swift confirmed the solution was developed under Project Guardian, overseen by the Monetary Authority of Singapore (MAS).
-
Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
-
Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
-
Three Arrows Capital’s Collapse Leaves Singapore’s Crypto Sector Bracing for Bankruptcy
Three Arrows Capital’s recent collapse had made Singapore's ambitious cryptocurrency sector face an uncertain future. Crypto players are bracing for further bankruptcies and legal tussles. 3AC collapsed after the global downturn in digital currencies left it unable to meet hundreds of millions of dollars in obligations.
-
Three Arrows Capital Accused of Exceeding Assets Threshold, Providing False Information
Crypto hedge fund Three Arrows Capital has been accused of exceeding its assets threshold and providing false information by Monetary Authority of Singapore (MAS). Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan.
-
Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
-
Crypto Services Firm Paxos Gets 'In-Principle' Approval From Singapore Regulator
Crypto firm Paxos, which offers brokerage, custody, and stablecoin services, has received in-principle approval from the Monetary Authority of Singapore (MAS), which allows the company to continue its Singapore operations and also potentially pursue expansion plans.
-
Singapore Central Bank Issues Guidelines to Discourage Crypto Trading by Public
The Monetary Authority of Singapore (MAS) issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks.
-
Singapore Plans to Become Magnet for Crypto Activities, Government Mulls Regulating Crypto Space
MAS finance chief Ravi Menon has advised other nations also to not clamp down and ban cryptocurrencies while revealing that Singapore is working on crypto-regulation.
