Search Results for "mas"
MAS Proposes New Regulations to Tighten Crypto Business Activities
The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a new set of regulations that may stiffen the emergence and activities of crypto industries in the country. Despite the proactive strides of the MAS towards the development of the country’s central bank digital currency (CBDC), the apex bank is set to reinforce its regulations on digital currencies.
MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19
Sopnendu Mohanty, the Chief FinTech Officer at the Monetary Authority of Singapore (MAS) announced that Phase 5 of Project Ubin has been completed, and partners of the project are already working on a production in the payments space. A new report is to be expected in the next few days, which will “articulate the last phase of experimentation of Project Ubin.” He hinted that the production is related to exchange, settlement, and will be working on releasing production inspired by Project Ubin Phase 5.
MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report
The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem.
Singapore Bars Crypto Service Providers for Public Ads
In a bid to protect members of the investing public, the Monetary Authority of Singapore has prohibited all outdoor advertisements for all cryptocurrencies or digital payment tokens (DPT) service providers.
Singapore's MAS Unveils Stablecoin Regulatory Framework
Singapore's MAS releases a regulatory framework for stablecoins after public consultation in 2022. It aims to ensure value stability and sets key requirements for issuers.
Fly Wing Secures In-Principle Approval for Major Payment License in Singapore
Fly Wing Technologies, a Matrixport subsidiary, receives in-principle approval from Singapore's MAS for a Major Payment Institution License, enhancing its position in digital payment services.
Matrixport's Fly Wing Secures Major Payment License from Singapore's MAS
Fly Wing Technologies, a Matrixport subsidiary, obtains the Major Payment Institution License from Singapore's MAS, enhancing its digital finance offerings in the Asia-Pacific region.
HKMA and MAS Strengthen Banking Supervision Cooperation
The Hong Kong Monetary Authority and the Monetary Authority of Singapore have signed a Memorandum of Understanding to enhance cooperation in banking supervision.
Upbit Singapore Secures MAS's MPI Licence
Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.
MAS Seeks to Ban All Forms of Crypto Credits in Singapore
The Monetary Authority of Singapore wants crypto service providers to avoid issuing credits for consumers to trade crypto
Revolut Adds 29 New Tokens to Serve Clients in US
British fintech giant Revolut has announced the addition of 29 new tokens to serve its clients.
Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong
In Asia, Singapore extends tax charging on NFT transactions, local media reports.
