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MAS
'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
The company plans to issue a U.S. dollar-backed stablecoin upon receiving full approval from the Monetary Authority of Singapore, its central bank.
Singapore Central Bank Starts Tokenization Pilots Alongside JPMorgan, BNY Mellon, DBS
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.
Singapore, Japan, U.K., Swiss Regulators Plan Asset Tokenization Pilots
Project Guardian seeks to advance digital asset tokenization pilots for fixed income, foreign exchange and asset management products.
Upbit Receives Preliminary 'In-Principal' Approval in Singapore
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.
Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'
The 66-year-old garnered more than 70% of the vote to take over a largely ceremonial role.
Singapore's Central Bank Presents Design Framework for Interoperable Digital Asset Networks
Singapore's central bank is proposing ways to design open, interoperable networks for tokenized digital assets. "The Hash" panel discusses the framework presented by the Monetary Authority of Singapore (MAS), as banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange.
Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks
Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange.
Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore
Authorities in Singapore have awarded 190 Major Payment Institution Licenses, with 11 going to Digital Payment Token companies.
Central Banks Introduce CBDC, Stablecoin Standards With Amazon, Grab Running Trials
The Monetary Authority of Singapore (MAS) has proposed standards for using digital money, including central bank digital currencies (CBDCs) and tokenized bank deposits, on a distributed ledger. "The Hash" panel breaks down the technical white paper produced by the agency with the International Monetary Fund (IMF) and other financial institutions.