OKX Singapore's New CEO Says Custodian Arrangements Were ‘Most Important, Most Difficult’ Part of MPI License
[today 6:14 AM] Crypto custodianship has been in the spotlight since the collapse of FTX.
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Okx Approved to Provide Cross-Border Payment Services in Singapore
US crypto firm BitGo wins payment license in Singapore
[Aug 8 12:39 PM] Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets.
Hex Trust gets initial nod for payment institution license in Singapore
[Jul 23 10:52 PM] Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope.
Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License
[Jul 23 7:00 PM] The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
Ghana, Singapore conduct trade in semi-fungible token pilot project
[May 17 3:44 PM] Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing.
Crypto Market Maker GSR Recieves Singapore Crypto License
[Apr 4 1:03 AM] The license is the first awarded by Singapore to a crypto market maker.
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
[Apr 2 12:25 AM] Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.
European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore
[Mar 6 2:00 AM] Bitstamp describes itself as the "first crypto exchange with major European Union (EU) presence to secure in-principle approval in Singapore."
Crypto Exchange Upbit Gets Full Licensing in Singapore
[Jan 8 10:25 AM] Upbit said it is "poised to expand [its] range of offerings," having acquired a MPI license.
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
[Nov 15, 2023 11:38 PM] Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
Paxos to issue USD stablecoin in Singapore, wins initial approval
[Nov 15, 2023 8:53 PM] The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Singapore's Central Bank Releases Stablecoin Regulatory Framework
[Aug 15, 2023 5:42 AM] Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request.
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.
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
[Jul 3, 2023 2:42 AM] Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year.
Ripple gets in-principle nod for digital asset services in Singapore
[Jun 21, 2023 11:39 PM] Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers.
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.
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
[May 18, 2023 7:41 PM] Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of…
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning
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…