The proposed bill gives the Singapore central bank the power to issue written directions on minimum standards for companies that offer ‘unregulated products’ such as BTC futures.
The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists to utilize cross-border payments with digital currencies in both countries.
The Monetary Authority of Singapore is proposing stricter digital currency guidelines to regulate Digital Payment Token service providers and protect retail investors from unsafe activities.
Singapore is embracing artificial intelligence cautiously, drawing from digital currency lessons, securing substantial investments, emphasizing safety, and implementing robust regulations amid growing generative AI adoption.
Ravi Menson, chief of the Monetary Authority of Singapore, plans AI-driven crackdown on money laundering, enhancing surveillance and regulatory insights.
As part of Singapore's exploration of asset tokenization, the Monetary Authority of Singapore is teaming up with U.K. and Japan regulators in a project focusing on advancing legal, policy, and accounting handling of digital assets.
In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart contracts that follow industry best practices.
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot for cross-border FX transactions using blockchain.
Kyle Davies and Zhu Su lied to Monetary Authority of Singapore, failed to notify the watchdog about changes in directorship, and failed to implement a risk management framework, according to the prohibition order.
Grab adds Web 3.0 with NFT vouchers for its Singapore market as it eyes expansion in Southeast Asia.
Tharman Shanmugaratnam, who won over 70% of the votes to become president, is a former MAS chair and IMF executive and has previously described digital currencies as highly risky.
Singapore's central bank announced a new regulatory framework for stablecoins that seeks to "ensure a high degree of value stability for stablecoins regulated in Singapore."
