Tag: MAS

Singapore fx
December 20, 2019 BY Mariela Naydenova

The World Federation of Exchanges responds to MAS regarding derivatives contracts on crypto assets

The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…

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November 13, 2019 BY Valentina Kirilova

MAS, Deloitte and S&P Global Market Intelligence launch FinTech Research Platform

The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have teamed up to develop a prototype for an industry-wide FinTech Research Platform. The platform aims to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. Deloitte discovered that investors and financial institutions don't have…

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November 12, 2019 BY Mariela Naydenova

JP Morgan and Singapore's MAS partner on a cross-border payments blockchain system

The Monetary Authority of Singapore (MAS) has partnered with JPMorgan to create a blockchain-based prototype for multi-currency payments. The information came from an official release from MAS, where Singapore's central bank states that the most current development on the Project Ubin is that users will be able to make payments in different currencies on the very…

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MAS Monetary Authority of Singapore
October 15, 2019 BY Valentina Kirilova

MAS: New initiatives to facilitate capital market activities between Singapore and China

The Monetary Authority of Singapore (MAS) has yesterday shared with the pubic that new initiatives were underway to strengthen capital market activities between Singapore and China. The initiatives were discussed at the 15th Joint Council for Bilateral Cooperation between Singapore and China and aim to facilitate the growing interest of financial institutions based in Singapore…

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Singapore
October 09, 2019 BY Valentina Kirilova

Singapore's MAS cuts FX leverage to 20:1

The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations: Retail investors will now have access to 20:1 leverage (previous leverage was 50:1). As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of…

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MAS Monetary Authority of Singapore
July 31, 2019 BY Valentina Kirilova

MAS warns against fraudulent website soliciting bitcoin investments

Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS). The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out…

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July 19, 2019 BY Valentina Kirilova

Singapore teams up with Kenya on developing digital infrastructure

The Monetary Authority of Singapore (MAS) has announced that it has teamed up with the Central Bank of Kenya (CBK), signing a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The partnership aims to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common…

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SGX
June 12, 2019 BY Valentina Kirilova

Singapore spurs development of FX trading hub & ecosystem

The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…

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MAS Monetary Authority of Singapore
May 29, 2019 BY Valentina Kirilova

US adds Singapore to its monitoring list, MAS responds: "We do not manipulate our currency for export advantage"

The Trump administration removed India and Switzerland from its currency monitoring list of major trading partners on Tuesday. The monitoring list, among others, include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam. The Monetary Authority of Singapore (MAS) responded today that it does not manipulate its currency for export advantage, and added…

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