MAS

The crypto exchange will now operate in Singapore only under Binance.sg.

The regulatory authority approved applications of Ant Group, Grab, Sea Limited and Greenland Consortium.

The regulator imposed heavy civil and money-laundering related penalties from January 2019 to June 2020.

The move further boosts Singapore's position as the top Asia-Pacific FX trading center

Damien Pang said that, instead of making heavy-handed rules, regulators need to mitigate specific risks posed by digital assets

Currently only licensed financial firms can offer a digital-only service for customers in Singapore

The two central banks said there may be problems in scaling the system that they used

The regulator plans to do this by helping firms strengthen their internal controls.

The new Payment Services Bill aims to foster innovation and reduce risk in the payment cycle.

The Singaporean entities began the collaboration in August with Anquan, Deloitte, and Nasdaq.

However, the Monetary Authority of Singapore does not intend to offer licences to blockchain businesses.

The ban follows a court case which saw Lee fined and sentenced to prison.

The two regulatory bodies will share information and pursue joint research projects.

The cooperation will make it easier for respective fintech ventures to expand into each other's market.

Are AI and data analytics the future or part the problem?

The MAS has penalized Standard Chartered Bank and Standard Chartered Trust, $3.95 million and $0.91 million, respectively.

MAS and ABS have collectively harnessed blockchain technology in a new software prototype for inter-bank payments.

MarketAxess has been approved as a Recognised Market Operator by the Monetary Authority of Singapore.

MAS seeks to control flow of funds through the ICOs by classifying certain types of digital tokens as securities

Project Ubin could strongly affect how central banks process transaction amongst themselves.

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