Monetary Authority of Singapore

Singapore’s central bank expresses money laundering concerns with digital assets

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26 June, 2024

Singapore’s central bank expresses money laundering concerns with digital assets

While it considers legacy banking as the biggest risk for money laundering, the Monetary Authority of Singapore believes that digital...

Deutsche Bank explores tokenized funds to survive margin compression

Finance

Steve Kaaru

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4 June, 2024

Deutsche Bank explores tokenized funds to survive margin compression

Deutsche Bank says that in the face of lower fee income, banks must be innovative to survive, and its collaboration...

Monetary Authority of Singapore expands digital assets oversight under new bill

Business

Steve Kaaru

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17 January, 2024

Monetary Authority of Singapore expands digital assets oversight under new bill

The proposed bill gives the Singapore central bank the power to issue written directions on minimum standards for companies that...

China, Singapore launch digital yuan cross-border payments pilot for tourists

Business

Wahid Pessarlay

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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...

Singapore digital currency rules tightened to discourage speculative activities

Business

Wahid Pessarlay

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2 December, 2023

Singapore digital currency rules tightened to discourage speculative activities

The Monetary Authority of Singapore is proposing stricter digital currency guidelines to regulate Digital Payment Token service providers and protect...

Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’

Business

Wahid Pessarlay

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21 November, 2023

Monetary Authority of Singapore calls for AI sustainability, draws lessons from ‘crypto’

Singapore is embracing artificial intelligence cautiously, drawing from digital currency lessons, securing substantial investments, emphasizing safety, and implementing robust regulations...

MAS chief reveals Singapore’s AI-driven anti-money laundering efforts

Business

Wahid Pessarlay

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8 November, 2023

MAS chief reveals Singapore’s AI-driven anti-money laundering efforts

Ravi Menson, chief of the Monetary Authority of Singapore, plans AI-driven crackdown on money laundering, enhancing surveillance and regulatory insights.

Singapore central bank strikes partnership with foreign financial regulators for tokenization pilots

Business

Wahid Pessarlay

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6 November, 2023

Singapore central bank strikes partnership with foreign financial regulators for tokenization pilots

As part of Singapore's exploration of asset tokenization, the Monetary Authority of Singapore is teaming up with U.K. and Japan...

BIS completes wholesale CBDC trial for FX, cross-border payments

Business

Wahid Pessarlay

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7 October, 2023

BIS completes wholesale CBDC trial for FX, cross-border payments

In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart...

BIS concludes wholesale CBDC experiment for FX, cross-border payments

Business

Wahid Pessarlay

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5 October, 2023

BIS concludes wholesale CBDC experiment for FX, cross-border payments

The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...

3AC founders hit with 9-year capital markets ban in Singapore

Business

Steve Kaaru

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18 September, 2023

3AC founders hit with 9-year capital markets ban in Singapore

Kyle Davies and Zhu Su lied to Monetary Authority of Singapore, failed to notify the watchdog about changes in directorship,...

Business

Wahid Pessarlay

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13 September, 2023

Grab super app Web 3.0 features launched for users in Singapore

Grab adds Web 3.0 with NFT vouchers for its Singapore market as it eyes expansion in Southeast Asia.

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