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Latest monetary authority of singapore News

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The U.K and and Singapore have agreed to pursue collaborations on several areas related to digital finance, including the use of artificial intelligence in finance and asset tokenization. During the 10th Financial Dialogue held in London recently, representatives from both…

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Bitstamp by Robinhood has received a Major Payment Institution license from Singaporean financial authorities, following the deadline set for unlicensed crypto firms to cease operations in the region. According to a press release issued on July 3, Bitstamp by Robinhood…

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Binance will reportedly keep its over 400 of its workers based in Singapore, despite a crackdown on unlicensed crypto firms in the region after the June 30 deadline passed. According to a recent Bloomberg report, the world’s largest crypto exchange…

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Singaporean financial authorities have issued a final warning to crypto exchanges operating in the region without a license. Exchanges are expected to cease operations by June 30 at the latest. According to a recent report by Bloomberg, the Monetary Authority…

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Singapore’s current tone of caution on crypto could limit its future competitiveness, Coinbase warned, urging a more ambitious national strategy. U.S.-based crypto exchange Coinbase has urged Singapore to take a bolder approach to digital assets, warning that the country could…

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The Monetary Authority of Singapore has granted Cumberland SG, the Asia division of the U.S.-based crypto trading firm Cumberland, in-principle approval for a Major Payment Institution license. The approval, which was announced on Mar. 18, brings the company one step…

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Singaporean department store chain Metro will allow its customers to make stablecoin payments both in physical stores and online at Metro Mall. According to a local publication, the Metro department store in Singapore has teamed up with Singaporean crypto payments…

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Robinhood plans to launch crypto products in Singapore this year through recently-acquired crypto exchange Bitstamp. According to a Bloomberg report, vice president and general manager of Robinhood Crypto, Johann Kerbrat, revealed that the company has yet to decide on an…

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Following Donald Trump’s election, Singapore’s wealth managers have begun allocating vast amounts of capital to crypto investment. According to Gerald Goh, CEO of Sygnum, a Singapore-based virtual asset banking group, Trump’s re-entry has had an electrifying effect on cryptocurrencies and…

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Germany’s Deutsche Bundesbank has joined Project Guardian, a collaborative initiative by the Monetary Authority of Singapore, to advance asset tokenization. Deutsche Bundesbank, the central bank of Germany, has joined Singapore‘s Project Guardian, an initiative between policymakers and the financial industry…

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Singapore regulators plan to advance tokenization efforts as the sector has witnessed an uptick in demand for tokenized assets across fixed-income, foreign exchange, and asset management markets. In a Nov. 4 announcement, the Monetary Authority of Singapore disclosed its intentions…

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Komainu, a crypto custodian provider backed by Nomura Group, completed their first acquisition by buying Singaporean rival custodian Propine Holdings. According to an Oct. 22 Bloomberg report, Japanese Nomura-backed crypto custodian firm Komainu’s Propine purchase is still awaiting approval from…

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Crypto exchange OKX has appointed Gracie Lin, a former official at the Monetary Authority of Singapore, as the chief executive of its Singapore branch. The OKX cryptocurrency exchange has onboarded Gracie Lin as the new chief executive of its Singapore…

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Ravi Menon says the country is instead clearing a path for CBDCs and regulated stablecoins. There will not be a place for private cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in the monetary scene as many of them fail…

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In response to the growing influence of cryptocurrencies, Singapore MAS has released the final tranche of regulations for Digital Payment Token (DPT) service providers.

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The Monetary Authority of Singapore is seeking new limitations to harden crypto speculation. Singapore’s financial watchdog, the Monetary Authority of Singapore, is set to impose new rules on retail crypto investors in a bid to safeguard customers from highly speculative…