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Gemini Gains In-Principle Approval from MAS for Cross-Border and Crypto Payment
- Singapore remains central to APAC operations as the firm works towards full MPI licensing.
- Earlier this year, Gemini obtained approval from the regulator to launch its services in France.
Tuesday, 29/10/2024 | 11:43 GMT by
Tareq Sikder
BitGo Bags Major Payment Institution Licence from Singapore's MAS
- The new licence expands regulated digital payment token services and custody solutions across Asia.
- The firm can offer regulated digital payment token services and secure custody solutions in a Class III vault.
Thursday, 08/08/2024 | 05:46 GMT by
Tareq Sikder
The New Battlefield in Banking: Defending Against Phishing Scams
- The MAS takes a proactive stance in cybersecurity.
Tuesday, 09/07/2024 | 15:26 GMT by
Pedro Ferreira
Singapore Grants Paxos Full Approval to Issue Stablecoins
- This approval allows Paxos to issue stablecoins under the upcoming stablecoin regulatory framework in Singapore.
- The blockchain technology firm is also authorized to issue stablecoins in the US and the UAE.
Monday, 01/07/2024 | 18:15 GMT by
Jared Kirui
Doo Financial's Subsidiary DCM Secures CMS License from MAS
- The firm can now deal in capital market products, offer financing, and provide custodial services.
- It also holds a license for providing financial advisory services, including analysis/report issuance.
Friday, 22/03/2024 | 13:10 GMT by
Tareq Sikder
MAS Greenlights BitGo Singapore with In-Principle Approval for Key License
- With the full license, the firm will enable the trading of digital assets using its insured cold storage solution.
- The firm recently obtained a German crypto custody license from BaFin.
Wednesday, 10/01/2024 | 09:40 GMT by
Tareq Sikder
MAS Launches Live Pilot for Wholesale CBDC in Singapore Dollars
- The organization partners with local banks to explore CBDC for domestic payment settlements.
- It has launched five new industry pilots as part of its financial infrastructure test program, named Project Guardian.
Friday, 17/11/2023 | 10:22 GMT by
Tareq Sikder
Citi and MAS Join Forces for Blockchain-Powered FX Trading Application
- The pilot phase has highlighted its potential for application across various fiat currency pairs.
- It encrypts trade data cryptographically, aligning with regulations, and restricts access to involved counterparties.
Wednesday, 15/11/2023 | 12:58 GMT by
Tareq Sikder
News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round
- Also, Laser Digital and Nomura debuted in The Sandbox metaverse; MAS partnered for digital assets innovation.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 30/10/2023 | 10:37 GMT by
Finance Magnates Staff
Singapore's MAS Comes Out Swinging with $20M in Fines for Financial Misconduct
- MAS has released its 4th Enforcement Report, highlighting a stricter approach to financial misconduct.
- The report unveils a focus on regulating digital assets in the coming years.
Tuesday, 19/09/2023 | 09:26 GMT by
Damian Chmiel
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