The Monetary Authority of Singapore (MAS) is planning to advance tokenization within financial services through a series of new regulatory measures. These initiatives are designed to foster commercial networks, enhance market infrastructure, and establish standardized frameworks for tokenized assets. Besides, the MAS is facilitating the commercialization under Project Guardian by
Today, Chainlink announced the launch of its Private Transactions feature within the Cross-Chain Interoperability Protocol (CCIP), supported by Chainlink’s new Blockchain Privacy Manager. According to an announcement shared on X (formerly Twitter), this CCIP Private Transactions feature allows financial institutions to connect to the multi-chain economy while ensuring data confidentiality,
OKX, a global cryptocurrency spot, and derivatives exchange which is now fully licensed in Singapore, hires former Monetary Authority of Singapore (MAS) officials as local CEO. OKX’s Singapore entity OKX SG received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows them to offer
The Monetary Authority of Singapore (MAS) has announced a groundbreaking partnership with regulatory authorities from Japan, Switzerland, and the United Kingdom. The collaboration involves the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) and is set to
Ripple, a prominent blockchain company, secures in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS), the central bank of Singapore. This approval comes at a time when the crypto industry is grappling with increasing regulatory scrutiny in its home country, the United States. Particularly
The Monetary Authority of Singapore (MAS), the regulator in charge of the crypto sector, has defended the action it took against Binance, rather than the bankrupt crypto platform FTX. The central bank also warned that cryptocurrencies are extremely volatile, with many losing all of their value. And, on Nov 21,
Singapore is also affected due to the growing inflation. New regulatory reforms revised for both BTC and other digital assets. Singapore to become a major hub for BTC and crypto. The Central Bank of Singapore along with the Monetary Authority of Singapore (MAS) together has planned to come up with
