Monetary Authority of Singapore

Singapore’s Financial Watchdog to ‘Follow Up’ on Global Binance Concerns

The Monetary Authority of Singapore is reviewing Binance's application for a license to operate in the city-state.

News  ·  2 July 2021

Singapore’s Central Bank, IMF Launch Global Challenge for CBDC Solutions

The Monetary Authority of Singapore’s “Global CBDC Challenge” will be supported by Amazon Web Services, Mastercard, Hyperledger and others.

Policy & regulation  ·  28 June 2021
Singapore

Alibaba, Google Among More Than 300 Companies Seeking Singapore Crypto Licenses

Companies apply under the Payment Services Act, a comprehensive regulatory framework for companies handling activities relating to digital assets, including payments and trading.

News  ·  4 June 2021
Bitcoin

Singapore Begins Crackdown on Unlicensed Bitcoin Sellers

Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales.

News  ·  24 June 2020
Regulation

Singapore Announces New AML Rules for Crypto Businesses

Singapore’s newly enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counterterrorist-financing (CTF) rules.

Policy & regulation  ·  28 January 2020
ConsenSys

Singapore’s Stock Exchange Backs New Ethereum Security Token Platform

A new security token platform has launched with backing from Singapore stock exchange SGX and technical help from ConsenSys.

Business  ·  10 July 2019
Canada

Central Banks Settle Cross-Border Payments With Blockchain for First Time

The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.

Policy & regulation  ·  2 May 2019
Payments

Singapore Taps Blockchain Platform for Selling Tokenized Securities

The Monetary Authority of Singapore and the national exchange are looking to blockchain for selling tokenized digital assets.

Business  ·  27 August 2018
Exchanges

Singapore Warns 8 Exchanges Over Unregistered Securities Trading

Singapore's central bank has warned eight digital token exchanges and an ICO issuer to stop trading tokens deemed unauthorized securities.

Policy & regulation  ·  24 May 2018
Exchanges

Singapore Proposes Regulatory Boost for Decentralized Exchanges

Singapore's central bank is proposing a change to existing exchange market rules aimed to ease blockchain adoption and decentralization.

Policy & regulation  ·  23 May 2018
Cryptocurrency

Singapore Central Bank Touts Blockchain for Payments

The chief of the Monetary Authority of Singapore has spoken of how blockchain's "strongest" use case is in cross-border settlement.

Policy & regulation  ·  16 March 2018
Exchanges

Singapore Weighs Need for New Rules to Protect Crypto Investors

Singapore's de facto central bank, the Monetary Authority of Singapore, is looking at whether new regulations are needed to protect crypto investors.

Policy & regulation  ·  1 March 2018
Exchanges

Singapore Deputy PM: ‘No Strong Case to Ban Cryptocurrency Trading’

Responding to lawmakers' questions, Singapore's deputy prime minister has said there's "no strong case" to ban cryptocurrency trading in the country.

Policy & regulation  ·  7 February 2018
Bitcoin

Bitcoin Won’t Cause Lehman-Style Meltdown, Says MAS Fintech Chief

The fintech chief at the Monetary Authority of Singapore believes bitcoin won't cause a financial meltdown like the 2008 Lehman Brothers bankruptcy.

Policy & regulation  ·  25 January 2018
Regulation

Singapore Central Bank Urges ‘Extreme Caution’ on Bitcoin Investment

The Monetary Authority of Singapore has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies.

Policy & regulation  ·  20 December 2017