2 / 2 Relevant items tagged with #MAS

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Upbit Receives Preliminary 'In-Principal' Approval in Singapore

[Oct 15, 2023 11:03 PM] The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.

South Korean exchange Upbit gets initial license nod from Singapore

[Oct 15, 2023 6:46 PM] Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.

Ripple gets formal approval for Singapore payments license

[Oct 3, 2023 8:43 PM] Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.

Singapore's central bank slugs Three Arrows founders with 9-year ban

[Sep 13, 2023 9:51 PM] Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'

[Sep 4, 2023 6:25 AM] Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning.

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens

[Aug 16, 2023 3:30 AM] The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated”…

Singapore Wraps Up Stablecoin Framework: Pathway to Global Adoption?

[Aug 15, 2023 7:00 AM] The Monetary Authority of Singapore (MAS) has unveiled the features of a new regulatory framework aimed at ensuring a high degree of stability for stablecoins in the country. This is the outcome of the central bank’s public consultation, which…

Singapore central bank says three business days is ‘timely transfer’ for stablecoins

[Aug 15, 2023 2:52 AM] Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period of five business days despite some arguing that it should be done in real time.

Singapore central bank releases regulatory framework for stablecoins

[Aug 14, 2023 11:45 PM] The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.

Blockchain․com Obtains Payment License in Singapore

[Aug 9, 2023 3:30 AM] Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its…

Blockchain.com scores payment license from Singapore central bank

[Aug 7, 2023 5:44 PM] The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.

Singapore commits $112M to support fintech solutions like Web3

[Aug 7, 2023 7:37 AM] Singapore’s central bank recognized the importance of partnering with industry players to support solutions from emerging technologies like Web3.

Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks

[Jun 26, 2023 5:26 AM] Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across financial asset classes.

Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore

[Jun 21, 2023 8:08 PM] Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies.

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg

[Apr 6, 2023 12:43 AM] Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.

Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance

[Jan 23, 2023 9:00 PM] Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that…

Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens

[Jan 6, 2023 7:43 AM] The feedback was given in response to a proposed ban by the Monetary Authority of Singapore published back in October.

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail

[Nov 25, 2022 7:30 PM] The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are…