S&P Global joins Singapore’s Project Guardian tokenization trials
The rating agency will provide its perspective on risk mitigation in tokenized fixed income transactions. Go to Source
MAS
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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 … Read more
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. Go to Source
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. Go to Source
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. Go to Source
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. Go to Source
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. Go to Source
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. Go to Source
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. Go to Source
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. Go to Source
