Monetary Authority of Singapore

    Fintech / Regtech

    MAS to Cooperate with Ghana on Trade and Financial Services

    By Editors | 04/11/2022

    MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.

    Fintech / Regtech

    MAS Launches New Initiative to Advance Cross-Border CBDC Work

    By Sanday Chongo Kabange | 04/11/2022

    Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

    Fintech / Regtech

    MAS Proposes to Eliminate Cheque Usage in Singapore

    By Editors | 03/11/2022

    MAS proposes that financial institutions collectively cease the issuance of new cheque books to all corporates by end-2024.

    Fintech / Regtech

    Singapore Launches Digital Banker’s Guarantees, Insurance Bonds

    By Editors | 03/11/2022

    Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.

    Crypto / Digital Assets

    MAS Grants Approvals to Stablecoin Issuers Paxos, Circle

    By Editors | 03/11/2022

    Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.

    Crypto / Digital Assets

    BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

    By Editors | 03/11/2022

    Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.

    Crypto / Digital Assets

    First Project Guardian Pilot Completed Using DeFi Protocols

    By Editors | 03/11/2022

    DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.

    Fintech / Regtech

    MAS: SGFinDex Extended to Include Data on Insurance Policies

    By Editors | 03/11/2022

    SGFinDex users can now digitally access and aggregate information on life, accident and health insurance policies held across different participating insurers.

    ESG / Sustainability

    MAS, PBOC to Jointly Establish Green Finance Taskforce

    By Editors | 02/11/2022

    A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.

    ESG / Sustainability

    IDX, MVGX Partner to Develop Indonesia’s Carbon Market

    By Editors | 02/11/2022

    Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.

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