Singapore Unveils New Regulatory Framework for Stablecoins
Singapore’s Monetary Authority (MAS) has introduced regulations for stablecoins linked to the Singapore Dollar or other major fiat currencies. Any stablecoin valued over S$5 million will now fall under MAS regulation. This step aligns with Singapore’s aim to boost digital asset innovation and stability. The MAS believes well-regulated stablecoins can facilitate advanced practices like on-chain […]
Blockchain.com Scores Payment License From Singapore Central Bank
The Monetary Authority of Singapore (MAS), the central bank of Singapore, has awarded a payments license to the cryptocurrency exchange Blockchain.com. The platform can now offer what the regulator refers to as digital payment token services to accredited investors and institutions, according to Blockchain.com announcement on August 7 that it got its major payment institution […]
Red Cross Singapore Starts Accepting Crypto Donations
Cryptocurrency adoption continues to grow as the Singapore Red Cross Society now accepts digital currency as donations. The organization will accept Bitcoin, Ether, Tether, and USD Coin donations. On August 7, Singapore Red Cross announced a partnership with Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore, to facilitate anonymous cryptocurrency […]
DBS enables e-CNY Payments for Businesses In China
DBS Bank has launched an e-CNY merchant collection solution for its corporate clients in China, enabling them to receive payments in the country’s digital currency. The bank has also completed its first e-CNY transaction for a catering company in Shenzhen. DBS Bank, one of the leading banks in Singapore and Asia, has announced that it […]
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 […]