Monetary Authority of Singapore


Markets

'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.

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Policy

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 road (Shutterstock)

Policy

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.

Singapore's skyline (Shutterstock)

Policy

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.

Singapore, view of Marina Bay with Gardens By The Bay manmade trees in the background (SoleneC1/Pixabay)

Videos

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.

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Videos

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.

Recent Videos

Policy

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.

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.

Videos

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.

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Finance

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.

Coinbase CEO Brian Armstrong. (CoinDesk)

Policy

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.

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