Monetary Authority of Singapore

CBDCs

Singapore’s Central Bank, IMF Launch Global Challenge for CBDC Solutions

Tanzeel AkhtarJun 28, 2021

The Monetary Authority of Singapore’s “Global CBDC Challenge” will be supported by Amazon Web Services, Mastercard, Hyperledger and others.

Payment Services Act

Alibaba, Google Among More Than 300 Companies Seeking Singapore Crypto Licenses

Jamie CrawleyJun 4, 2021

Companies apply under the Payment Services Act, a comprehensive regulatory framework for companies handling activities relating to digital assets, including payments and trading.

Binance

Singapore’s Financial Watchdog to ‘Follow Up’ on Global Binance Concerns

Sebastian SinclairJul 2, 2021

The Monetary Authority of Singapore is reviewing Binance's application for a license to operate in the city-state.

Crime

Singapore Begins Crackdown on Unlicensed Bitcoin Sellers

Danny NelsonJun 24, 2020

Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales.

Regulation

Singapore Announces New AML Rules for Crypto Businesses

Ian AllisonJan 28, 2020

Singapore’s newly enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counterterrorist-financing (CTF) rules.

Monetary Authority of Singapore

Monetary Authority of Singapore

Singapore’s Stock Exchange Backs New Ethereum Security Token Platform

Wolfie Zhao

A new security token platform has launched with backing from Singapore stock exchange SGX and technical help from ConsenSys.

Payments

Central Banks Settle Cross-Border Payments With Blockchain for First Time

Yogita Khatri

The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.

Payments

Singapore Taps Blockchain Platform for Selling Tokenized Securities

Nikhilesh De

The Monetary Authority of Singapore and the national exchange are looking to blockchain for selling tokenized digital assets.

Exchanges

Singapore Warns 8 Exchanges Over Unregistered Securities Trading

Sujha Sundararajan

Singapore's central bank has warned eight digital token exchanges and an ICO issuer to stop trading tokens deemed unauthorized securities.

Exchanges

Singapore Proposes Regulatory Boost for Decentralized Exchanges

Wolfie Zhao

Singapore's central bank is proposing a change to existing exchange market rules aimed to ease blockchain adoption and decentralization.

Payments

Singapore Central Bank Touts Blockchain for Payments

Wolfie Zhao

The chief of the Monetary Authority of Singapore has spoken of how blockchain's "strongest" use case is in cross-border settlement.

Exchanges

Singapore Weighs Need for New Rules to Protect Crypto Investors

Wolfie Zhao

Singapore's de facto central bank, the Monetary Authority of Singapore, is looking at whether new regulations are needed to protect crypto investors.