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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Institutional FX
1MDB Scandal: Singapore's MAS Bans Former Goldman Sachs MD for Life
2023-09-05T15:45:09.964+02:00
Ng Chong Hwa is permanently prohibited from performing any regulated activity in Singapore.
Earlier, he was found guilty by the Brooklyn Federal Jury.
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Payments
Payoneer Eyes Singapore’s SMEs: Obtains Major Payment Institution License
2023-08-16T14:06:58.845+02:00
The license was awarded by the Monetary Authority of Singapore.
The license enables the company to offer new services, including cross-border transfers.
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Jared Kirui
CryptoCurrency
Blockchain.com and TerraPay Secure Payments Licenses in Singapore
2023-08-08T09:22:25.210+02:00
Blockchain.com receives a full license after securing in-principle approval in 2022.
For both companies Singapore acts as an important hub in the Southeast Asia region.
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Damian Chmiel
Institutional FX
Singapore Fines Banks, Insurer $2.8M for Breaches Linked to Wirecard Case
2023-06-21T19:00:15.908+02:00
MAS said the financial institutions had inadequate anti-money laundering controls.
Wirecard was a German payments firm that collapsed in 2020.
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Jared Kirui
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CryptoCurrency
Singapore’s MAS: FTX Not Licensed, Protection of Local Users Impossible
2022-11-21T19:15:09.888+02:00
The regulator noted that FTX operated as an offshore entity.
It reiterated that FTX's local subsidiary Quoine was included in bankruptcy filing.
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Solomon Oladipupo
CryptoCurrency
Paxos Becomes “Major Payments Institution” in Singapore
2022-11-02T12:10:10.191+02:00
It has had a presence in the city-state for ten years.
In March 2022, the company received in-principal approval from MAS.
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Damian Chmiel
Regulation
MAS MD Confirms Singapore’s Plan to Curb Retail Crypto Leverage
2022-08-29T08:27:17.688+02:00
He did not provide any timeline for bringing such restrictions.
He admitted that a blanket ban on crypto will never work.
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Arnab Shome
Regulation
Singapore’s MAS Seeks Information on Crypto Business Activities
2022-08-26T10:51:47.677+02:00
The regulator sent questionnaires to several locally operated crypto firms.
Singapore is expected to bring strict regulations around crypto investments.
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Arnab Shome
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News
Sygnum Singapore Receives In-Principle Approval to Enhance Regulated Activities
2022-03-14T15:58:03.109+02:00
The company secured approval from the Monetary Authority of Singapore.
Sygnum will be able to conduct 3 additional regulated activities under the CMS license.
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Bilal Jafar
News
Binance.com Drops Services with Singapore Dollar amid MAS Warning
2021-09-06T10:14:56.000+02:00
The crypto exchange will now operate in Singapore only under Binance.sg.
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Arnab Shome
News
MAS Approves 4 Applications of Digital Bank License in Singapore
2020-12-04T15:48:19.000+02:00
The regulatory authority approved applications of Ant Group, Grab, Sea Limited and Greenland Consortium.
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Bilal Jafar
Regulation
MAS Takes Strict Actions against Financial Misconduct and Money Laundering
2020-11-04T11:58:39.000+02:00
The regulator imposed heavy civil and money-laundering related penalties from January 2019 to June 2020.
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Bilal Jafar
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Prime Brokerage
JPMorgan to Roll Out Singapore FX Trading & Pricing Engine
2019-08-29T12:26:44.000+02:00
The move further boosts Singapore's position as the top Asia-Pacific FX trading center
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Victor Golovtchenko
Regulation
MAS Exec: Risk is Guiding Our Crypto Regulations
2019-06-27T14:34:05.000+02:00
Damien Pang said that, instead of making heavy-handed rules, regulators need to mitigate specific risks posed by digital assets
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David Kimberley
News
MAS Mulling Digital-Only Banking License for FinTech Companies
2019-05-07T11:44:42.000+02:00
Currently only licensed financial firms can offer a digital-only service for customers in Singapore
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David Kimberley
Payments
MAS and Bank of Canada Complete Blockchain Payments Test
2019-05-02T11:17:23.000+02:00
The two central banks said there may be problems in scaling the system that they used
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David Kimberley
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Regulation
MAS to Focus on Helping Brokers Detect Customer Market Abuse
2019-03-20T09:23:37.000+02:00
The regulator plans to do this by helping firms strengthen their internal controls.
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Celeste Skinner
Regulation
Singapore Includes Cryptocurrency in New Payments Regulations
2018-11-19T15:55:26.000+02:00
The new Payment Services Bill aims to foster innovation and reduce risk in the payment cycle.
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David Kimberley
Innovation
MAS and Partners Develop DvP Settlement for Tokenized Assets
2018-11-12T09:07:46.000+02:00
The Singaporean entities began the collaboration in August with Anquan, Deloitte, and Nasdaq.
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Celeste Skinner
News
Singapore Watchdog Wants Resolution Between Banks and Blockchain
2018-10-10T14:05:07.000+02:00
However, the Monetary Authority of Singapore does not intend to offer licences to blockchain businesses.
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Simon Golstein
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Regulation
Singapore’s MAS Slaps 12-Year Ban on Former Fund Manager
2018-08-30T12:03:05.000+02:00
The ban follows a court case which saw Lee fined and sentenced to prison.
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News
MAS Signs FinTech Partnership Agreement with Dubai Regulator
2018-08-29T12:08:54.000+02:00
The two regulatory bodies will share information and pursue joint research projects.
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David Kimberley
FinTech
Singaporean, South Korean Regulators Enter into Fintech Agreement
2018-07-16T10:56:33.000+02:00
The cooperation will make it easier for respective fintech ventures to expand into each other's market.
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Celeste Skinner
Data
MAS to Develop Guidance on AI, Data Analytics Usage
2018-04-02T13:03:26.000+02:00
Are AI and data analytics the future or part the problem?
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Jeff Patterson
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Regulation
Monetary Authority of Singapore Issues Penalties over AML/CFT Breaches
2018-03-19T12:21:30.000+02:00
The MAS has penalized Standard Chartered Bank and Standard Chartered Trust, $3.95 million and $0.91 million, respectively.
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Finance Magnates Staff
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