Search Results for: Monetary Authority of Singapore (MAS)
From now on crypto firms in Singapore have to be licensed
February 7th, 2020
With the new payments law, all crypto businesses and brokers operating in Singapore should be licensed. The Payment Services Act was passed back in January 2019 and was implemented this Tuesday, according to the Monetary Authority of Singapore (MAS). ...
Singapore Financial Regulator releases updated guide for Initial Coin Offerings
December 5th, 2018
The Monetary Authority of Singapore (MAS), the city state’s central bank and financial regulator, has released an update to its guide for businesses looking to raise money through initial coin offerings (ICOs). The paper, titled A Guide to Digital ...
Guidelines to protect users of electronic payments; MAS Singapore
February 14th, 2018
The Monetary Authority of Singapore (MAS) launched a public consultation on proposed guidelines to protect users of electronic payments (“e-payments”). The proposed E-payments User Protection Guidelines aim to encourage wider adoption of e-payments by setting standards on the responsibilities ...
Singapore Drafting AML Regulations Around Cryptocurrency
October 6th, 2017
Singaporean Deputy Prime Minister Tharman Shanmugaratnam, who also serves as Minister in Charge of the Monetary Authority of Singapore (MAS), has revealed that MAS is in the process of devising a new regulatory framework to address money laundering and ...
Singapore warns of potential risks of virtual currency-related investment schemes
August 10th, 2017
The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens, in Singapore. Members of the public are advised to ...
Singapore FinTech Festival to return this year
May 16th, 2017
The Monetary Authority of Singapore (MAS) today announced the second edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. Organised in partnership with The Association of Banks in Singapore (ABS) and ...
Singapore and France bolster FinTech ties with cooperation agreements
March 28th, 2017
The Monetary Authority of Singapore (MAS) today signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries. The cooperation agreement ...
Ex-DBS trader gets jail in a scheme to defraud CFDs providers in Singapore
March 23rd, 2017
Mr Tey Thean Yang Dennis (Tey) was today sentenced to a total of 16 weeks’ imprisonment as a result of a conviction arising from a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs ...
Singapore and Japan establish FinTech Cooperation Framework
March 13th, 2017
The Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA) of Japan announced the establishment of a Co-operation Framework to enhance FinTech linkages between both countries. 2. The Framework enables MAS and FSA to refer ...
Singapore imposed millions penalty to foreign banks branches
December 5th, 2016
The Monetary Authority of Singapore (MAS) announced today that it has imposed financial penalties of S$5.2 million and S$2.4 million respectively on Standard Chartered Bank, Singapore Branch (SCB) and Coutts & Co Ltd, Singapore Branch (Coutts) for breaches of ...
