Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights

The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.

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Hong Kong Fintech Week introduces the world to HSBC DID solution and commemorative NFTs

On Nov. 2, the Hong Kong Monetary Authority (HKMA) co-organized the eighth edition of the city’s flagship event alongside InvestHK.

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Visa wraps up Hong Kong CBDC trial with HSBC and Hang Seng Bank

Visa has successfully concluded its participation in the Hong Kong Monetary Authority’s (HKMA) pilot program for a central bank digital currency (CBDC) with HSBC and Hang Seng Bank. The program, which is part of the city’s broader “Fintech 2025” strategy,…

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Visa completes digital Hong Kong dollar pilot test with local banks

The e-HKD CBDC pilot program will enter Phase 2 following praise from the city’s monetary authority.

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CBDC: Hong Kong Explores Advance Use Cases In Its e-HKD Phase 2 After First Trial

Hong Kong has completed the first pilot phase of its central bank digital currency (CBDC), the digital Hong Kong dollar (e-HKD).  The Hong Kong Monetary Authority (HKMA) is now preparing for the second phase of the CBDC pilot program.

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Digital Assets Take Center Stage: Singapore Spearheads Partnership With Tech Titan Nations

In the realm of digital assets, the Monetary Authority of Singapore (MAS) is forging an unprecedented alliance with esteemed financial regulatory bodies from around the world, including the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA).

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Future of CBDCs in Hong Kong uncertain as pilot program concludes

The Hong Kong Monetary Authority (HKMA) remains undecided on making a policy decision regarding the introduction of a retail central bank digital currency (CBDC) after concluding the first pilot project of the e-HKD.

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Hong Kong Monetary Authority concludes first CBDC trial

The initial phase of Hong Kong's central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction.

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Singapore Launches Cross-Border Crypto Projects With Europe and Japan

The Monetary Authority of Singapore (MAS) has launched Project Guardian in collaboration with 15 financial institutions to advance crypto pilots and develop a cross-border crypto regulatory framework.

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Singapore partners with UK, Japan, and Switzerland on digital asset initiative

The Monetary Authority of Singapore (MAS) is partnering with regulators from the United Kingdom, Japan, and Switzerland to facilitate responsible digital asset innovations across international borders.

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Singapore to cooperate with other countries for digital asset promotion

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…

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Upbit receives license from Singapore’s financial regulator

South Korean crypto exchange Upbit has secured an in-principle approval (IPA) from the Singapore regulator, the Monetary Authority of Singapore. The license will allow Upbit to provide regulated digital payment token services in Singapore while waiting to receive the full operating…

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Upbit Secures Conditional Approval from Singapore’s Financial Regulator

Upbit, a cryptocurrency exchange, has received in-principle approval from the Monetary Authority of Singapore to continue offering digital asset services while awaiting full license approval. The post Upbit Secures Conditional Approval from Singapore’s Financial Regulator appeared first on BeInCrypto.

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Ripple Says Singapore License Formally Approved

Ripple’s Singapore arm has secured a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to keep providing digital payment token services in the fast-growing region.

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Coinbase’s Regulatory Win: Full Operating License Secured In Singapore

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Coinbase Stock surges after Singapore’s Major Payment Institution License

Coinbase Global (NASDAQ: COIN) witnessed a significant boost in its stock value, surging by 5. 1% during Monday’s pre-market trading session. This remarkable uptick was triggered by the news that Coinbase’s Singapore arm has successfully secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

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Coinbase Approved to Offer Bitcoin to Institutions in Singapore

Bitcoin and crypto exchange Coinbase has been approved for a payment institution license (PMI) from the Monetary Authority of Singapore.

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Coinbase Secures Regulatory Approval For Retail Perpetual Futures Trading

Coinbase, the renowned cryptocurrency trading platform, has announced that its Bermuda-based entity, Coinbase International Exchange, has received regulatory approval from the Bermuda Monetary Authority (BAM) to offer perpetual futures to retail customers outside the United States.

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Coinbase approved to offer perpetual futures trading to non-U.S. residents by Bermuda Monetary Authority

Crypto exchange Coinbase has announced its international exchange has received regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to non-U. S. retail customers.

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Hong Kong central bank warns crypto firms against misleading bank claims

The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits.

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Hong Kong regulator warns on crypto firms mislabeled as ‘banks’

The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…

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Hong Kong warns crypto firms against referring to themselves as “banks”

Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits. ” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance.

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Hong Kong regulator warns against crypto companies misusing the term ‘banks’

On Friday (15 September), the Hong Kong Monetary Authority (HKMA) warned against cryptocurrency companies misusing the word bank when describing their services. The regulator highlighted that these firms mislead users who think these companies are HKMA-certified.

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Hong Kong Monetary Authority Issues Warning Against ‘Crypto Banks’

The HKMA has issued a warning about crypto businesses pretending to be banks with holding the appropriate licenses. The post Hong Kong Monetary Authority Issues Warning Against ‘Crypto Banks’ appeared first on BeInCrypto.

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Singapore issues order against Three Arrows Capital founders

The Monetary Authority of Singapore has issued a nine-year prohibition order against the founders of Three Arrows Capital (3AC). The order was issued against Zhu Su and Kyle Livingston Davies for violating different regulatory laws, such as the Securities and…

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Zhu Su and Kyle Davies banned by Singapore regulator for 9 yrs over securities breaches

The Monetary Authority of Singapore (MAS) has issued a prohibition order banning Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies, according to a Sept. 14 notice. The financial regulator banned the two individuals for nine years because they violated the country’s Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and […] The post Zhu Su and Kyle Davies banned by Singapore regulator for 9 yrs over securities breaches appeared first on CryptoSlate.

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Singapore Central Bank Issues 9-Year Prohibition Orders to 3AC Founders

The Monetary Authority of Singapore (MAS) has issued 9-year prohibition orders against Three Arrows Capital's Zhu Su and Kyle Davies for violating the city's Securities and Futures Act. The post Singapore Central Bank Issues 9-Year Prohibition Orders to 3AC Founders appeared first on BeInCrypto.

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Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs.

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Mountain Protocol launches yield-bearing stablecoin in Bermudas

In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X…

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Grab introduces web3 services, partners with MAS for NFT vouchers

Grab has integrated web3 services and is offering NFT vouchers in collaboration with the Monetary Authority of Singapore (MAS)

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Coinbase Singapore now requires counterparty’s personal information to process transactions

Coinbase Singapore users must provide additional counterparty information when initiating cryptocurrency deposits or withdrawals from their accounts starting Sept. 5. The exchange said it introduced these measures in compliance with the Monetary Authority of Singapore (MAS) regulations on anti-money laundering and countering the financing of terrorism.

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Hong Kong’s bond tokenization efforts yield ‘significant operational improvements’

The Hong Kong Monetary Authority (HKMA) said that blockchain-based bonds have showcased the potential for “significant operational improvements” in the bonds market, the South China Morning Post reported.

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Hong Kong regulator eyes tokenization for bond market improvement: Report

The monetary authority in Hong Kong released a report on its study Project Evergreen, which looked at the highs and lows of recent bond tokenization activity.

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Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

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Singapore regulator seeks input from Ripple and Circle on stablecoin regulation

The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to the consultation, offering…

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Singapore Takes On Stablecoins With New Regulatory Framework

As Singapore continues to warm up to the adoption of stablecoins in its economy, the Monetary Authority of Singapore (MAS) has released a new regulation to provide more regulatory clarity for the industry.

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Singapore introduces regulations for single-currency stablecoins

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…

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Singapore Wraps Up Stablecoin Framework: Pathway to Global Adoption?

The Monetary Authority of Singapore (MAS) has unveiled the features of a new regulatory framework aimed at ensuring a high degree of stability for stablecoins in the country. This is the outcome of the central bank’s public consultation, which commenced in October 2022.

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Singapore Announces Framework for Non-Government Stablecoins

Singapore's Monetary Authority releases a draft of requirements for private stablecoin issuers. The post Singapore Announces Framework for Non-Government Stablecoins appeared first on BeInCrypto.

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Singapore monetary authority releases regulatory framework for G10-pegged stablecoins

The Monetary Authority of Singapore (MAS) announced a regulatory framework for single-currency stablecoins (SCS) regulated in the Asian country, according to an Aug. 15 statement. The financial regulator stated that the regulations would apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar (S$) or any G10 currency whose circulation surpasses S$5 million.

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Singapore introduces visionary regulatory framework to boost stablecoins’ stability

The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new regulations would apply to issuers of single-currency stablecoins tied to the Singapore Dollar or fiat of G10 nations, with circulation surpassing $5 million.

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Singapore central bank releases regulatory framework for stablecoins

The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.

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Crypto Brokerage Blockchain.com Receives Institution License From Singapore

The company had received an in-principle approval from the Monetary Authority of Singapore last year.

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Crypto Exchange Blockchain.com Obtains Payment License In Singapore

Cryptocurrency exchange Blockchain. com has been granted a payment license in Singapore, expanding its operations in Asia and the world at large. According to a press release on Monday, Blockchain. com announced it had obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1, 2023.

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Singapore grants payment institution license to Blockchain.com

Blockchain.com has received a license from Singapore’s regulatory body, the Monetary Authority of Singapore (MAS). The announcement follows the previous approval that the company received in September of last year from the MAS. The new license will allow the exchange…

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Singapore pledges $112M to foster fintech and web3 innovation

The Monetary Authority of Singapore (MAS) said it would commit 150 million Singapore Dollars, around $112 million, during the course of three years under the renewed Financial Sector Technology and Innovation (FSTI 3.

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HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

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Fubon Bank partners with Ripple for e-HKD pilot program

Fubon Bank has partnered with Ripple for real estate tokenization as part of the Hong Kong Monetary Authority's (HKMA) eHKD pilot program

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Singapore High Court rules crypto not different from fiat money or shells

Cryptocurrencies will now be viewed as property in Singapore. The high court also demystified the notion that cryptocurrencies do not hold any value. The Monetary Authority of Singapore (MAS) will implement segregation and custody requirements for digital payment tokens.

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