Monetary Authority of Singapore
Singapore's Central Bank Releases Stablecoin Regulatory Framework
Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
The MAS has also restricted crypto service providers from facilitating lending and staking of tokens by their retail customers.
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.
NY Fed, Singapore Regulator Verify CBDC Use for Cross-Border Payments
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, according to a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore (MAS). CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the new research.
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
The report is part of the Fed and MAS's ongoing joint Project Cedar/Project Ubin research.
Singapore Regulator Grants Licenses to Stablecoin Issuers Circle and Paxos
The Monetary Authority of Singapore (MAS) has granted stablecoin issuer Circle an in-principle license that allows it to operate as a payments company in the country. Circle received its approval the same day fellow stablecoin issuer Paxos received its own license. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the significance for the regulatory framework in Singapore.
Coinbase Gets Singapore Digital Payment Token License
Coinbase joins Crypto.com and DBS Vickers as major institutions with a DPT license from the Monetary Authority of Singapore.
Singapore's Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation
The head of the Monetary Authority of Singapore insists this stance is "synergistic" and says price speculation is the source of the crypto world's problems.
Crypto Policy Without Borders
Carole House (Director for Cybersecurity and Secure Digital Innovation for the White House National Security Council), Ryan Pinder (Attorney General and Minister of Legal Affairs for the Commonwealth of The Bahamas) and Damien Pang (Deputy Chief Fintech Officer of the Monetary Authority of Singapore) join European Parliament's Vice-President Eva Kaili at Consensus 2022 to discuss regulations on crypto in different countries. Moderator: Don Tapscott, Executive Chairman, Blockchain Research Institute.