TagMonetary Authority of Singaopre

Singapore's Central Bank Will Aid Crypto Startups in Opening Bank Accounts

Ravi Menon Singapore Cryptocurrency

Ravi Menon, the chief of Singapore’s defacto central bank and regulator, has backed domestic cryptocurrency startups and exchanges to gain banking services in the technology-forward city-state. Monetary Institute of Singapore (MAS) managing director Ravi Menon has called for the banking industry to get over the “hurdle” of offering services to domestic cryptocurrency startups in a marked attempt...

Singapore Central Bank Flags Website Promoting Bitcoin Scam

MAS Singapore Blockchain central Bank Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS), the country's central bank, has issued a statement warning people about a website soliciting bitcoin investments that is using comments falsely attributed to Tharman Shanmugaratnam, the MAS chairman and Deputy Prime Minister. The statements attributed to Tharman on the website are misleading and false, MAS noted, except for his statement that the...

Singapore Mulls New Rules to Safeguard Cryptocurrency, ICO Investors

Singapore cryptocurrency ICO

Singapore’s central bank is ‘assessing’ additional rules to its cryptocurrency framework in order to protect investors, an official has revealed. The Monetary Authority of Singapore (MAS), the city-state’s central bank, is looking at regulations in addition to its regulatory framework that cryptocurrency exchanges and service providers are currently adhering to. The new rules will specifically...

Bitcoin Won’t Do a Lehman Collapse: Singapore Central Bank FinTech Chief

The financial technology chief of Singapore’s central bank does not foresee a scenario where bitcoin would trigger a global financial meltdown akin to the 2008 collapse of investment bank Lehman Brothers. In an interview with Channel News Asia, Sopnendu Mohanty – chief of financial technology at the Monetary Authority of Singapore, the country’s central bank, opined bitcoin will not cause a...

SME Focused P2P Lending Crowd Genie to Build Blockchain Asset Exchange

CFTC

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. As peer-to-peer lending revolutionizes much of the finance industry, Crowd Genie, a Singapore registered P2P lending platform, presents its vision for an Asia-wide blockchain asset exchange with an ICO this month. The entire ecosystem...

Singapore’s Central Bank Cautions Against Cryptocurrency Investments

MAS Singapore Bitcoin central bank

The meteoric gains in value by bitcoin and other cryptocurrencies have “concerned” Singapore’s central bank into issuing a public caution against cryptocurrency investments. In a notice today, the Monetary Authority of Singapore (MAS) urged the general public to “act with extreme caution and understand the significant risks” involved in investing in cryptocurrencies. An excerpt from the notice...

Singapore's Central Bank Includes Bitcoin in Singular Regulation of Payments Services

MAS Singapore Blockchain central Bank Monetary Authority of Singapore

The Monetary Authority of Singapore, the country’s central bank, is pressing ahead with regulation that will bring a handful of retail payment services, including bitcoin and cryptocurrency exchanges, under a single legislation. With an announcement on Tuesday, the Monetary Authority of Singapore (MAS) launched the second consultation on its Payment Services Bill, a payments regulatory network...

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