Monetary Authority of Singapore

SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2
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14 March, 2023

SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2

The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting...
India explores cross-border payment functionality with Singapore
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26 February, 2023

India explores cross-border payment functionality with Singapore

The UPI-PayNow integration will provide a seamless cross-border transaction between India and Singapore, with citizens of both nations being able...
Monetary Authority of Singapore chief warns global policymakers against legitimizing speculative digital currencies
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28 January, 2023

Monetary Authority of Singapore chief warns global policymakers against legitimizing speculative digital currencies

Shanmugaratnam warned regulators about legitimizing "speculative" digital assets but stressed that he wouldn't hinder consumers from participating in activities tied...
Hodlnaut under probe in Singapore over alleged fraud, misrepresentation
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29 November, 2022

Hodlnaut under probe in Singapore over alleged fraud, misrepresentation

Clients of Hodlnaut are being urged by Singaporean authorities to file complaints if they have suffered losses from the company's...
Impossible to protect Singapore citizens from FTX fallout, central bank says
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24 November, 2022

Impossible to protect Singapore citizens from FTX fallout, central bank says

Critics have taken swipes at the Monetary Authority of Singapore for placing Binance on the Investor Alert List in the...
New York Fed partners Singapore in wholesale CBDC trial
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16 November, 2022

New York Fed partners Singapore in wholesale CBDC trial

The Federal Reserve Bank of New York, which also launched another trial with major U.S. lenders, made it clear that...
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