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Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
Fintech / Regtech
Singapore Working Group to Develop BNPL Framework
By Editors | 24/03/2022
The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
Singapore’s Insurers Gets New Culture and Conduct Guidance
By Ranamita Chakraborty | 23/03/2022
Two new papers have been published to help Singapore’s insurance industry in elevating their culture and conduct standards.
Fintech / Regtech
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
Enforcement
MAS Bars Former DBS Wealth Planner for Cheating Clients
By Editors | 20/03/2022
The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.
ESG / Sustainability
MAS, CDP Partner to Enhance Access to Quality ESG Data
By Editors | 20/03/2022
MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.
AML / KYC
MAS Issues Guidance on Russia Sanctions Compliance
By Manesh Samtani | 17/03/2022
Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.
Fintech / Regtech
DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG
By Editors | 17/03/2022
Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.
Fintech / Regtech
MAS Guidance on Stablecoins Set to Impact Crypto Firms
By Manesh Samtani | 15/03/2022
Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
Fintech / Regtech
Paxos, Sygnum to Offer Digital Asset Services in Singapore
By Editors | 11/03/2022
Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.
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