Singapore, known for its progressive stance on financial technology, has recently expanded its regulatory oversight on cryptocurrency-related activities. The Monetary Authority of Singapore (MAS) announced on Tuesday that it would now regulate custodial services and cross-border money transfers involving digital assets, even if the transactions do not occur within the city-state. This move comes as […]
Monetary Authority of Singapore
USDC Revolutionizes Financial Landscape with Singapore Mint
Circle, a leading global financial technology company, has unveiled Circle Mint, a platform that facilitates seamless and cost-effective USDC minting for businesses and individuals in Singapore. This groundbreaking initiative marks a pivotal step towards expanding access to digital currencies in the Asia Pacific region. Circle Mint is a secure and compliant platform that allows users […]
Singapore Regulator Awards Payment License To Blockchain.com
The Monetary Authority of Singapore has granted a major payment institution [MPI] license to the leading web-based cryptocurrency wallet Blockchain.com. The permit now enables the exchange to “provide regulated digital payment token services to its global institutional and accredited investor customers.” In accordance with the official notice, the payment platform was handed in-principle approval for the license last […]
Monetary Authority of Singapore Outlines Common Protocol For Digital Money
Singapore’s de facto central bank, The Monetary Authority of Singapore [MAS], today released a whitepaper that suggests a standard protocol to lay out the requirements for the use of digital currency like CBDCs, tokenized bank deposits, and stablecoins on a distributed ledger. It allows senders to establish restrictions like the duration of the validity period and […]
MoneySense launches Campaign to raise public awareness on the perils Of Crypto Scams and online trading
There’s no rose without a thorn, similarly, despite being immensely valuable, the crypto industry deals with scams and hacks. Singaporeans have been urged to stay safe against any possible scam with regard to crypto through a campaign. Earlier this month, Tharman Shanmugaratnam, Chairman of the Monetary Authority of Singapore [MAS], the prominent financial regulator in […]
OKCoin Ventures Into Asia With Its New Office In Singapore
Asia has been a promising market for technological innovations in almost every other field. As the globe is veering towards digitalization the demand and adoption of cryptocurrencies have recorded a surge. With the intention of expanding and adhering to the needs of the market, several crypto platforms have been venturing into Asia. San Francisco’s OKCoin […]
Singapore Central Bank Confirms its Readiness to Explore Digital Currency
Singapore’s central bank is looking to join forces with the People’s Bank of China (PBoC) to explore Central Bank Digital Currencies, according to Ravi Menon, Managing Director of the Singapore Monetary Authority (MAS). During a finance conference in Shanghai, Menon stated the new plan. He outlined the progress China has made in creating its own […]
Binance and Coinbase among Crypto Firms to Secure Singapore Temporary Licensing Exemption
The Singapore Monetary Authority has given a temporary exemption to several cryptocurrency firms operating in the country under the new Payments Services Act. The crypto firms that would benefit from this move include Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. The central bank of Singapore, the Monetary Authority of Singapore (MAS) earlier this week […]
Temasek Holdings CEO Hit By Fake Stories Linking Her To ‘Wealth Loophole’
The world has seen a massive rise in cybercrime after the rapid development of technology and with that the internet. In today’s time, it has become very easy to run a scam on the internet and the latest victim of such an activity was Madam Ho Ching, the Chief Executive Officer [CEO] of Temasek Holdings. […]