MONETARY AUTHORITY OF SINGAPORE

The central bank acknowledged the advantages of the digital currency.

The firm says it will improve connectivity and liquidity for its clients in the region

The efforts of the British bank are being supported by the Monetary Authority of Singapore.

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

With support from the MAS, firms are trying to cut order and execution speeds

The company has also opened a commercial office in the country to serve its Asia-based clients.

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

The regulator says that scammers have been selling a fake Singaporean cryptocurrency

The MAS said the unnamed company had breached accredited investor-based regulations by advertising on LinkedIn

The document lists eleven possible types of token, all with different obligations.

The Recognised Market Operator licence for the securities exchange is effective from November 21, 2018.

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

Singapore has made efforts to establish itself as a global hub for the cryptocurrency industry.

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

This agreement will see an enhanced cooperation and supervision of the futures markets in both countries.

Merchants will now be able to accept payments from 27 different service providers in one application

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 Singaporean entities will be collaborating with Anquan, Deloitte and Nasdaq.

The financial watchdog is the sixth regulator to issue a warning against the firm.

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