MAS News

Blockchain infrastructure company Paxos has received in-principle approval to issue a new stablecoin pegged to the U.S. dollar in Singapore. According to the statement, the asset is fully backed by US currency and cash equivalents. The firm has undertaken to undergo…

The Monetary Authority of Singapore (MAS) is set to push ahead with digital asset projects. MAS is working with Japan’s Financial Services Agency (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA) to promote…

Singapore’s Monetary Authority (MAS) has rolled out a regulatory framework for single-currency stablecoins linked to the Singapore Dollar or other G10 fiat currencies.  With this new setup, any token with a circulation value over S$5 million will earn the MAS-regulated…

Singaporean authorities have drafted plans to make it mandatory for crypto exchanges to store their customers' funds in a trust. The legislation will take effect before the end of the year. 

The Monetary Authority of Singapore (MAS) has recently disclosed a detailed report exploring the integration of asset tokenization and decentralized finance (DeFi) within global financial systems and standards.

Together, the Monetary Authority of Singapore (MAS) and the New York Innovation Center of the Federal Reserve Bank of New York announced their plans to collaborate in evaluating the effectiveness of wholesale central bank digital currencies (wCBDCs). The goal of…

The Monetary Authority of Singapore has announced that it has begun the first pilot test under its Project Guardian.

On Wednesday Singapore's monetary authority presented a consultation document proposing new regulations on cryptocurrency. According to MAS investors should be cautious in investing in crypto to avoid suffering significant losses.

SBI Digital Markets, a subsidiary of SBI Group, a leading Japanese financial services firm, has announced that it has been granted the Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS).  Mas Grants License to SBI Digital…

The Monetary Authority of Singapore (MAS) is looking to introduce broader cryptocurrency regulatory policies in light of the ongoing crisis experienced by some of the industry’s leading companies.  MAS Preparing to Introduce New Crypto Regulations  According to Bloomberg on Friday…

Cake DeFi’s freshly released Q2 Transparency Report shows that the leading decentralized finance platform reached several impressive milestones in the second quarter of 2022

Singapore-based crypto lending platform Hodlnaut has immediately halted all withdrawals, token swaps, and deposits. The company has also stopped all borrowing and lending services due to “prevailing market conditions”. Move Meant to Stabilize Liquidity And Protect Assets In a statement…

Singapore’s financial regulator MAS has approved Digital Treasures Center’s (DTC) proposal to provide cryptocurrency payment services to merchants around the country. Digital Treasure Center Gets the Thumbs Up from MAS On August 1, 2022, the Monetary Authority of Singapore (MAS)…

The world’s first digital asset bank, Sygnum today announced it had received in-principle approval from the Monetary Authority of Singapore (MAS) that will allow it to conduct three additional regulated activities under its CMS license.