MAS Publishes Report on Asset Tokenization, DeFi
The Monetary Authority of Singapore (MAS) has released a report discussing the integration of asset tokenization and decentralized finance (DeFi) within international standards and market infrastructures. The report, titled “Project Guardian: Enabling Open & Interoperable Networks,” explores the possibilities of DeFi and converting physical assets into digital equivalents while maintaining the integrity of the global […]
Ripple Receives In-Principle Approval in Singapore
Ripple has received in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state. In a statement released on June 22, Ripple verified the approval from the Monetary Authority of Singapore (MAS). The license will enable Ripple Markets Asia Pacific to further scale up its On-Demand Liquidity. The […]
Sygnum Singapore Gets MPIL Approved by MAS
The Monetary Authority of Singapore (MAS) has approved Sygnum Singapore’s application for a Major Payment Institution License (MPIL). This license allows the bank to offer regulated cryptocurrency brokerage services to its customers. Sygnum, the Southeast Asian branch of Switzerland’s crypto-friendly Sygnum bank, plans to expand its digital asset services in Singapore. The expansion comes after […]
Most recent bitcoin and cryptocurrency regulations in 2022
The main goals of cryptocurrency regulations are to promote transparency, consumer and investor protection, and a level playing field for various market players. This article will cover some of the cryptocurrency regulations that have been established over the last ten months of 2022. As cryptocurrency has grown in importance in the global investing scene, countries […]
MAS warns against cryptocurrency retail investments
The Monetary Authority of Singapore (MAS) has warned investors against retail investments in cryptocurrencies citing high volatility in the cryptocurrency market. At a seminar on August 29, the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the organization’s conflicting public statements regarding cryptocurrencies. The populace charged that regional regulators were promoting […]