Singapore shortlists 15 companies to help build retail CBDC
The Global CBDC Challenge was geared towards discovering and developing retail central bank digital currency solutions that will benefit the world.
Latest Monetary Authority of Singapore News
DBS Bank approved to offer digital currency services in Singapore
When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).
Singapore regulator grants first approval in principle for digital currency exchange
Australian digital currency exchange Independent Reserve received the regulatory go-ahead under the provisions of the Payment Services Act, which was brought into law in January 2020.
Singapore central bank launches global challenge for retail CBDC solutions
The Global CBDC Challenge focuses on enhancing the effectiveness of payment and stimulating financial inclusion through the discovery of innovative retail ideas driven by the CBDC solution.
Singapore gov’t offers millions to modernize RegTech solutions in financial industry
The Monetary Authority of Singapore has pledged S$42 million towards modernizing the country's financial digital infrastructure, including a new regulatory technology grant scheme.
Singapore regulator warns against digital currency scams following PM name fraud
The Monetary Authority of Singapore has issued a warning following a scam that saw Prime Minister Lee Hsien Loong embroiled in a token fraud on a local token trading platform.
Singapore proposes more stringent digital currency regulation
The Monetary Authority of Singapore has proposed a new law that will give it oversight over companies even if they don’t offer services in the country.
Singapore regulator gives regulatory relief to exchange applicants
Digital Asset exchanges who have applied for licenses will be allowed to continue operating legally until at least the end of July.
Singapore issues guidelines to combat money laundering
The Monetary Authority of Singapore has issued an update on its AML and CFT guidelines, this time outlining regulations for the digital currency industry.
Singapore regulator mulls green light for exchange-traded crypto derivatives
The Monetary Authority of Singapore is reported to be preparing to allow cryptocurrency and other digital asset derivatives to be traded on licensed exchanges.
Singapore central bank to use blockchain in new payments system
The Monetary Authority of Singapore has completed a blockchain-powered cross border payment system that can handle a wide range of currencies.
Singapore illegal crypto transactions draw ire of financial regulator
The Monetary Authority of Singapore (MAS) is preparing to implement new powers created under the Payment Services Act.