MAS – DIGIT INFO

Singapore Imposes New Rules for Digital Payment Token Services

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do not fulfill the requirements must cease the activities when the amendments come into […]

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Paxos to issue USD stablecoin in Singapore, wins initial approval

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.

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South Korean exchange Upbit gets initial license nod from Singapore

Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.

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Ripple gets formal approval for Singapore payments license

Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.

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

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.

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

Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time.

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Singapore central bank releases regulatory framework for stablecoins

The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.

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Blockchain.com scores payment license from Singapore central bank

The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.

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Singapore commits $112M to support fintech solutions like Web3

Singapore’s central bank recognized the importance of partnering with industry players to support solutions from emerging technologies like Web3.

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

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 regulators should provide “ultra clarity as to what’s an unregulated market,” so investors are aware that they go in at […]

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