Monetary Authority of Singapore

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform ECXX

By Editors | 17/01/2022

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

Capital / Liquidity

MAS Gets New Mechanism to Transfer Excess Reserves to GIC

By Darien Choong | 17/01/2022

MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world’s third-largest sovereign wealth fund as a result.

Fintech / Regtech

MAS Publishes Global CBDC Challenge 2021 Report

By Editors | 11/01/2022

MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.

Enforcement

Singapore Police, MAS Launch Probe into Unlicensed Trading Platform

By Editors | 05/01/2022

Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.

Market Infrastructure

MAS Unveils Initiatives to Open Access to China ETFs, Bonds

By Editors | 29/12/2021

SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.

Market Infrastructure

Singapore, Shanghai Bolster Collaboration in Finance, Innovation

By Darien Choong | 22/12/2021

A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.

AML / KYC

Hong Kong, Singapore Authorities Arrest 10 in Joint Operation

By Manesh Samtani | 16/12/2021

Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.

Crypto / Digital Assets

Binance Withdraws DPT Licence Application in Singapore

By Mark Johnston | 15/12/2021

Binance’s recent investment in Hg Exchange rendered its licensing application “somewhat redundant”, CEO Changpeng Zhao said.

Securities / Derivatives

MAS to Raise Corporate Finance Due Diligence Standards

By Editors | 15/12/2021

The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.