The Monetary Authority of Singapore (MAS) is Singapore's central bank. The mission of the MAS is to promote sustained non-inflationary economic growth, and a sound and progressive financial center. The MAS has leveraged blockchain technology for its Project Ubin central bank digital currency (CBDC) project.

Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong
In Asia, Singapore extends tax charging on NFT transactions, local media reports.
Paxos Gets Nod to Operate Digital Payments Token Services in Singapore
It is a positive sign for Paxos as it means that the blockchain company is a compliant business and MAS is supportive to it.
Russian Banks Seeks Help from China's UnionPay amid Crackdown from Mastercard & Visa
In a bid to mitigate the strain on the users of these payment service providers, the Russian Central Bank said some of its indigenous financial institutions are looking at integrating UnionPay.
NFT Layer-2 Protocol ImmutableX Raises $200M in New Funding
Immutable X, an Ethereum-based layer-2 NFT token platform, has announced the completion of its Series C funding round in which it raised the sum of $200 million from leading investors.
Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis
Four payment operators announce to suspend their payment services in Russia following the Russian invasion of Ukraine.
Coinbase Will Not Bar Russian Users Unless New Laws Requires: CEO Brian Armstrong
Coinbase CEO says the exchange will not ban Russian users, citing the fact that many citizens are not supportive of the decision of their president to go to war against Ukraine.
Mastercard Pulls Russian Banks from its Payment Network
American payment services giant Mastercard has cut off Russian financial institutions from its payment network.
Mastercard Expands Consulting Services to Crypto
Mastercard Inc is expanding its consulting services and is making commitments to a number of innovations in the cryptocurrencies market.
A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.
ConsenSys Acquires MyCrypto to Strengthen MetaMask and Enhance Product Security
The Ethereum software company ConsenSys has acquired the Ethereum interface MyCrypto, aiming to integrate MyCrypto with the MetaMask wallet owned by ConsenSys and improve the security of all products.

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