Tag: MAS
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Digital Assets and Sustainable Finance Take Center Stage at Singapore Fintech Festival – Fintech Singapore
by Rebecca Oi November 21, 2023 At the Singapore Fintech Festival 2023, Ravi Menon, Managing Director of...
Singapore Unveils Regulatory Framework For Stablecoins – CryptoInfoNet
The Monetary Authority of Singapore (MAS) recently unveiled a regulatory framework aimed at enhancing the stability of single-currency stablecoins.The framework, according to Bloomberg, is...
Instant P2P Fund Transfers Now Enabled Between Singapore and Malaysia – Fintech Singapore
by Fintech News Singapore November 17, 2023 The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia...
Ravi Menon, Perry Warjiyo Unveil Singapore-Indonesia QR Code Linkage – Fintech Singapore
by Fintech News Singapore November 17, 2023 Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS)...
Avalanche (AVAX) Surges to Yearly High on Big Bank RWA Tokenization Adoption
Avalanche (AVAX) has surged to its highest price since August 2022, topping $24 today. Furthermore, the layer-1 blockchain token is the market’s top...
Singapore central bank to trial live wholesale CBDC for settlements
A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank, which aims to have the...
Ant International, Grab, StraitsX Explores Use of Digital SGD for Cross-Border Payments – Fintech Singapore
Ant International, Grab, and StraitsX (part of Fazz) announced a collaboration to look into the potential of Purpose Bound Money (PBM) for cross-border payments.
PBM...
Paxos to Issue USD Stablecoin in Singapore
Stablecoin issuer Paxos has received in-principle approval from Singapore’s central bank to offer digital payment token services in the city-state. ...
StraitsX, Paxos Secure MAS Approval to Issue SGD and USD Stablecoins – Fintech Singapore
Three entities have received In-Principle Approvals (IPA) from the Monetary Authority of Singapore (MAS) to issue stablecoins that will align with the central bank’s...
Paxos to issue USD stablecoin in Singapore, wins initial approval
Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.In...
Sygnum Singapore Onboards Bordier & Cie as Inaugural B2B Client – Fintech Singapore
Private bank Bordier & Cie (Singapore) has become the inaugural B2B client of Sygnum Singapore, marking a significant milestone for the latter, which...
JP Morgan’s Onyx Teams Up With Avalanche To Streamline Portfolio Management
Proof of Concept Under MAS’ ‘Project Guardian’ Explores Using DeFi Tools To Efficiently Administer Alternative Assets Amid the ongoing crypto rally, major financial institutions...